Forex: all news & analysis

Explore our comprehensive Forex Archive, an essential resource that provides expert insights on price movements, trends, and the currency market. By analysing past price actions and key events, you can uncover vital market dynamics and elevate your understanding of effective trading strategies. Whether you're focusing on major currency pairs or emerging markets, our archive is packed with information to help you sharpen your trading decisions.

Pound yawns on mixed retail sales

The British pound is drifting on Friday, after showing unusually strong volatility this week. The pound rebounded on Thursday, racking up gains of 1.06% and briefly breaking above the symbolic 1.25 line. UK retail sales showed a strong gain in April, with a gain of 1.4% MoM.

20-05-2022 05:00 GMT by Kenneth Fisher

Gold - Back in favour?

Or just a blip? Gold has very much fallen out of favour over the last month as it fell 10% on the back of coming within a whisker of $2,000. But has something changed? We've seen plenty of risk aversion in the markets over the last 24 hours, with stock markets falling heavily, and rather than being particularly supportive for the dollar, it's gold that has performed well which hasn't really been the case in recent weeks. Perhaps that's because higher inflation and therefore interest rate expe

19-05-2022 11:26 GMT by Craig Erlam

New Zealand dollar roars

The US dollar is in retreat on Thursday, and the New Zealand dollar has taken full advantage. NZD/USD has surged 1.57% and is trading at 0.6390 in the North American session. The New Zealand government released its annual budget today and announced measures aimed at tackling the cost of living crisis.

19-05-2022 10:52 GMT by Kenneth Fisher

Oil downturn continues, gold climbs

Oil slips as economic concerns weigh Those economic concerns are filtering through to the oil market which is seeing the third day of losses, down a little more than 1% today. We were bound to see some form of demand destruction if households continued to be squeezed from every angle and it seems we may be seeing that expectation weigh a little as we move into the end of the week. Meanwhile, China is reportedly looking to take advantage of discounted Russian crude to top up its reserves in a mov

19-05-2022 09:23 GMT by Craig Erlam

Pound stems bleeding, retail sales next

The British pound has reversed directions on Thursday, after sliding 1.22% a day earlier. GBP/USD is trading at 1.2402 in the European session, up 0.50% on the day.

19-05-2022 06:26 GMT by Kenneth Fisher

Aussie rebounds on jobs report

Unemployment falls to record low The Australian dollar has rebounded on Thursday. AUD/USD is trading at 0.6980 in the European session, up 0.38% on the day. Australia's April employment report was a further confirmation that the labour market remains tight.

19-05-2022 05:22 GMT by Kenneth Fisher

GBP/USD - Can it Break major support?

Possible divergences appearing The pound has come under heavy pressure recently, particularly against the dollar which has been performing well against the broader market. While the BoE is poised to continue its run of a rate hike at every meeting, making it one of the more hawkish central banks, the moves in the pound are also a reflection of the challenges facing the UK economy, which the central bank believes is heading for double-digit inflation and a recession. The question is how far th

18-05-2022 12:00 GMT by Craig Erlam

UK inflation soars to 9%

Pound slides after CPI report The British pound has taken a tumble after April CPI jumped to 9.0% YoY, up sharply from 7.0% in March. GBP/USD has fallen 100 points today and is trading at 1.2390 in North American trade. UK inflation continues to run at a 40- year high, and the cost of living crisis is undoubtedly keeping Finance Minister Sunak and BoE Governor Bailey awake at night.

18-05-2022 10:24 GMT by Kenneth Fisher

Australian dollar dips after WPI

After three successive winning sessions, the Australian dollar has reversed directions on Wednesday. In the European session, AUD/USD is trading slightly above the symbolic 70 level. Wage growth ticks higher It wasn't all that long ago that RBA Governor Lowe would reiterate that there would be no rate hikes until wage growth hit 3%.

18-05-2022 07:58 GMT by Kenneth Fisher

Oil falls on Venezuala and EU, gold dips

Venezuela/Europe send oil lower Overnight, oil prices touched multi-week highs until the US announced it was starting a process, potentially leading to an easing of sanctions on Venezuela. That immediately saw oil reverse all its impressive intraday gains and both Brent crude and WTI finished slightly lower on the day.

18-05-2022 04:51 GMT by Jeffrey Halley

US dollar falls as risk sentiment rises

US dollar retreats on higher risk appetite The US dollar weakened overnight despite US yields moving higher and hawkish Fed officials. Like equity markets, currency markets concentrated on positive US data, and a fall in oil prices which lifted risk-seeking sentiment, although I believe this is all part of a bull market correction.

18-05-2022 04:44 GMT by Jeffrey Halley

Japanese yen remains directionless

The Japanese yen has posted slight gains on Tuesday. In the North American session, USD/JPY is trading at 129.32, up 0.17% on the day. The US dollar pummelled the yen in the months of March and April, but the yen has held its own in May.

17-05-2022 13:11 GMT by Kenneth Fisher

British pound soars on strong jobs data

The British pound continues to rally on Tuesday. GBP/USD is trading at 1.2463 in the European session, up 1.15% on the day. UK employment numbers sparkle The tight UK labor market is getting even tighter, as reflected in the March employment report.

17-05-2022 11:38 GMT by Kenneth Fisher

Oil surges, gold stronger

Oil Crude prices initially surged as China’s fight against COVID appears to be headed in the right direction, but gave up a good amount of gains after US officials signaled that the strategy on Russian crude could switch from embargo to tariffs. If the West decides to slap tariffs on Russian crude instead of an embargo, that would keep supplies on the market, which should put a cap on the recent crude rally. The oil market remains tight but if the EU embraces the strategy of putting tarif

17-05-2022 10:45 GMT by Edward Moya

Rebound continues

Stock markets are in positive territory once more on Tuesday as investors continue to see value after a substantial sell-off in recent weeks. I'm not particularly convinced about the sustainability of such a move against the backdrop of high inflation, much higher interest rates and probable recessions but there's no doubting that the scale of the declines recently was bound to attract some back in. There's plenty of economic data and central bank speak to come this week that could easily make i

17-05-2022 10:26 GMT by Craig Erlam

Oil moving higher, gold stable

Oil could go much higher Oil prices have hit their highest levels since early March as Europe continues to work towards a Russian embargo and China looks to ease Covid restrictions. The lockdowns have offset some of the concerns over supply disruptions amid Russian sanctions following the invasion of Ukraine.

17-05-2022 10:22 GMT by Craig Erlam

Aussie storms past 70 line

The Australian dollar has extended its gains on Tuesday. In the European session, AUD/USD is trading at 0.7034, up 0.93% on the day. Australian dollar recovers After falling to a June 2020 low late last week, the Australian dollar has stormed back with a gain of 230 points since Thursday.

17-05-2022 07:42 GMT by Kenneth Fisher

Oil has support, gold recovers

Oil prices remain firm Oil prices have remained near multi-week highs this week, supported by surging gasoline and distillate prices in the US, and fears around an EU ban on Russian oil imports remaining in play. If markets start pricing in peak-Shanghai-lockdowns, that will be an additional supportive tailwind for oil prices. Brent crude rose by 2.45% to USD 113.85 a barrel overnight, where it remains in subdued Asian trading.

17-05-2022 05:50 GMT by Jeffrey Halley

US dollar edges lower

Modest US dollar strength in range-trading Asian session The dollar index fell again overnight, as recessionary concerns appear to be prompting the start of a long-overdue short-term correction to US dollar strength. Resistance at 105.00 held fast on Friday and overnight, the index continued its modest descent, falling 0.27% to 104.19, where it remains in Asia.

17-05-2022 05:37 GMT by Jeffrey Halley

Flip-flop

It was another night of tail-chasing overnight, this time led by Goldman Sachs who said a US recession is a real possibility and that the US dollar might fall as a result. That of course would lead to terminal Fed Funds rates sooner, so sell US dollars and buy US bonds.

17-05-2022 04:00 GMT by Jeffrey Halley

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