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.

Fed Reaction: Fed confident in soft landing, not considering 75bps, stocks rally, Musk’s ape tweet

Fed hikes by a half-point A historic Fed decision is in the books and Fed Chair Powell did not disappoint. The Fed delivered the first-rate hike in 22 years and signaled more rate increases are appropriate and that the balance sheet runoff will begin in June. Growth is cooling and that could get a lot worse as the Ukraine invasion will continue to drive upward pressure on prices. Wall Street still believes the Fed will be able to deliver a soft landing and that is good news for equities. The

05-05-2022 08:00 GMT by Edward Moya

Euro slips after soft German data

The euro is under pressure and is trading at 1.0557, down 0.58% on the day. This follows a spectacular session on Wednesday, when EUR/USD jumped 0.94%, its best one-day showing since March. German Factory Orders slide German factory orders plunged 4.7% MoM in March, after a decline of 0.8% in February.

05-05-2022 07:34 GMT by Kenneth Fisher

US dollar retreats after Fed hike

US dollar slumps after as-expected FOMC A holiday in Japan will limit FX volumes in the region today. Overnight, the US dollar slumped after the FOMC hiked the Fed Funds by 0.50% as expected and signalled that 0.50% hikes are coming in the next two meetings.

05-05-2022 05:10 GMT by Jeffrey Halley

Pound drifting ahead of Fed, BoE meetings

The British pound is showing little movement for a second straight day, as GBP/USD trades just below the 1.25 level. BoE expected to raise rates Nobody can accuse the BoE of lacking an aggressive policy, although perhaps it should have done so earlier. The central bank has hiked rates at three straight meetings, and the streak is expected to continue at the May meeting on Thursday.

04-05-2022 11:29 GMT by Kenneth Fisher

NZ dollar steady after solid jobs report

The New Zealand dollar is in positive territory on Wednesday, as the currency looks for its first winning session since April 20th. Strong jobs report boosts New Zealand dollar The New Zealand labour market remains robust, as confirmed by the Q1 employment report. The unemployment rate remained at a record low of 3.2%, matching expectations.

04-05-2022 10:28 GMT by Kenneth Fisher

Euro flat ahead of FOMC meeting

Fed expected to hike by half-point The Fed holds its policy meeting later today, and any move other than a half-point hike would be a huge surprise. A half-point increase is significant, as it will mark the Fed's largest rate increase in 20 years and demonstrates that the Fed is determined to lower inflation.

04-05-2022 08:30 GMT by Kenneth Fisher

Oil and gold keep eye on FOMC meeting

Asian oil markets trade sideways ahead of the FOMC News that OPEC compliance had reached 164%, i.e., they can’t even pump the quotas they have agreed, failed to lift oil markets in Asia. Oil prices are almost unchanged thanks to a mainland China and Japan holiday today.

04-05-2022 03:36 GMT by Jeffrey Halley

Dollar on hold ahead of FOMC

Asian currency markets trade sideways ahead of the FOMC Holidays in Japan and mainland China are torpedoing volumes and volatility in Asia currencies markets today, with the region content to remain in a holding pattern ahead of tonight’s FOMC. Overnight, the dollar index traded in quite a wide range, moving lower intraday as the euro made an unsuccessful recovery attempt.

04-05-2022 03:30 GMT by Jeffrey Halley

Waiting for The Fed

Markets are trading sideways in Asia, a continuation of the price action seen in New York, as the entire world awaits the outcome of the FOMC rate decision this evening. Asian turnover is being further muted by a long week of holidays this week.

04-05-2022 03:16 GMT by Jeffrey Halley

NZD stabilizes ahead of jobs report, Fed

It has been a nasty slide for the New Zealand dollar, which has posted eight successive losing sessions. NZD/USD is in positive territory today, but the currency remains vulnerable. New Zealand employment report next New Zealand releases the employment report for Q1 on Thursday.

03-05-2022 11:44 GMT by Kenneth Fisher

Euro rises, Fed meeting looms

The euro is in positive territory on Tuesday. EUR/USD is trading at 1.0568 in the European session, up 0.57% on the day. Fed likely to raise rates by half-point All eyes are on the Fed, which is expected to raise rates by a half-point at the Wednesday meeting.

03-05-2022 08:56 GMT by Kenneth Fisher

Aussie jumps after RBA rate surprise

After a nasty slide over the past two weeks, the Australian dollar has rebounded sharply on Tuesday. AUD/USD is trading at 0.7111 in the European session, up 0.84% on the day. RBA surprises with 0.25% hike As expected, the RBA raised rates for the first time since November 2011.

03-05-2022 04:24 GMT by Kenneth Fisher

Euro struggles at 5-year lows

EUR/USD suffered a dismal week, plunging 2.33%. The euro broke below the 1.05 line on Thursday but has managed to recover. The ECB doesn't meet until June, but policy makers will be closely monitoring eurozone inflation, which continues to climb.

02-05-2022 11:08 GMT by Kenneth Fisher

Japanese yen stable around 130, Fed hike ahead

It was a dismal week for the Japanese yen, as USD/JPY climbed for an eighth successive week. In the European session, USD/JPY is trading quietly at the symbolic 130 level. Fed expected to hike by 0.50% Japanese markets are closed for a holiday on Tuesday and Wednesday, but it will likely be a busy mid-week for the yen, as the Federal Reserve holds a key policy meeting on Wednesday.

02-05-2022 10:00 GMT by Kenneth Fisher

Aussie stable ahead of RBA decision

It was another tough week for the Australian dollar, as AUD/USD fell 2.53%. In the European session, AUD/USD is trading quietly at 0.7046. All eyes on RBA The RBA will be in the spotlight, as it holds its policy meeting on Tuesday.

02-05-2022 04:54 GMT by Kenneth Fisher

Market Insights Podcast (Episode 324)

Jonny Hart looks back on the week's business and markets news with OANDA Senior Market Analyst Ed Moya in New York. This week they discuss how financial markets reacted to the surprise contraction with first quarter US GDP, Apple and Amazon earnings, and oil markets, including Exxon and Chevron quarterly earnings reports. They also discuss what the week ahead has in store for financial markets.

29-04-2022 14:55 GMT by Edward Moya

Week Ahead - Unfashionably late

A blockbuster week in store in financial markets and one that begins with bank holiday's across various countries. Throw in Chinese PMI data over the weekend and it could be a lively start to trading on Monday.

29-04-2022 14:13 GMT by Craig Erlam

Gold - Plunges on stronger dollar

OANDA Senior Market Analyst Craig Erlam discusses gold's drop which came as the dollar continued to soar.

29-04-2022 10:18 GMT by Craig Erlam

Oil edges higher, gold vulnerable

Oil edges higher as EU moves closer to a Russian oil embargo It seems the EU is moving closer to an oil embargo which some may argue is overdue in light of Russia's aggression in Ukraine. Naturally, the devil will be in the detail but the moves we're seeing in crude prices suggest the small print won't live up to the headlines.

29-04-2022 08:13 GMT by Craig Erlam

Euro rebounds on strong GDP, inflation data

The euro has bounced back on Friday with strong gains, ending a nasty 6-day losing streak. In the European session, EUR/USD is trading at 1.0565, up 0.64% on the day. German GDP up 4.0% It has been a rough road for the euro, which hit a 5-year low this week as it broke below the 1.05 line.

29-04-2022 06:28 GMT by Kenneth Fisher

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