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.

Australian dollar higher on solid data

The Australian dollar is showing some jump. AUD/USD has punched above the 0.72 level today and has posted gains of 0.59%, as it trades close to 1-month highs. Australian releases were positive, giving the Aussie a strong boost.

02-06-2022 08:54 GMT by Kenneth Fisher

Swiss franc rises on higher inflation

The Swiss franc is slightly higher on Thursday. USD/CHF is trading at 0.9596, down 0.39% on the day. Those of us who think "staid and steady" when the Swiss franc comes to mind will be forgiven for not recognizing the currency lately.

02-06-2022 07:07 GMT by Kenneth Fisher

Oil slides on OPEC+ report, gold steady

Oil sinks in Asia on FT/OPEC+ story Oil prices have fallen in Asia today after the Financial Times ran a story that Saudi Arabia has indicated to western allies that it could raise oil production if Russian output fell substantially. Overnight, oil gave back all its gains after a WSJ story released yesterday morning suggested that OPEC+ might exempt Russia from its production quotas. Taken in totality, today's OPEC+ meeting is assuming far greater importance for global markets than the US Non-Fa

02-06-2022 04:59 GMT by Jeffrey Halley

US dollar soars versus euro and sterling

US dollar rises on strong data, Fed expectations The dollar index leapt higher overnight, thanks in part to the heavy weighting of the euro and yen in it, which slumped against the greenback. Robust US data and an ensuing extinguishing of hopes that the Fed would need to ease hiking expectations were behind the US dollar rally.

02-06-2022 04:49 GMT by Jeffrey Halley

Asia markets follows the leader

Asian equity markets dip Asian equity markets are lower today as a thin data calendar and slow news ticker leave them content to produce another follow-the-leader session, coat-tailing the direction of overnight US markets. Robust US data overnight reinforced Fed hiking expectations which saw US equities fall once again.

02-06-2022 04:06 GMT by Jeffrey Halley

What’s the good oil?

Oil slides on OPEC+ report Oil markets are on the move this morning, with oil prices dipping by 2.0% in early trading after the Financial Times reported that Saudi Arabia has indicated to western allies it could raise production to cover any substantial fall in Russian production. That follows on from my comments yesterday that this week's OPEC+ meeting later today could be a pivotal one if Russia is given an exemption from its production quotas, which would allow the two main swing producers, S

02-06-2022 03:54 GMT by Jeffrey Halley

Dollar pushes wobbly yen to 130

The Japanese yen continues to lose ground, as USD/JPY has punched above the symbolic 130 line. In the North American session, USD/JPY is trading at 130.01 up 1.02% on the day. The US dollar is having its way with the yen this week as USD/JPY has surged 2.23%.

01-06-2022 12:34 GMT by Kenneth Fisher

BoC hikes by 0.50%, Canadian dollar yawns

The Canadian dollar is almost unchanged in Wednesday trading. The loonie has reeled off five consecutive winning sessions and is trading at a 5-week high. BoC delivers a 50-bps hike As expected, the BoC raised the benchmark rate 50-bps at today's meeting, bringing the rate to 1.5%.

01-06-2022 10:40 GMT by Kenneth Fisher

Australian dollar edges up, GDP looms

The Australian dollar is in calm waters this week, as AUD/USD trades quietly just below the 0.73 level. GDP slows to 0.8% Australia's Q1 GDP slowed to 0.8% QoQ, after a massive 3.6% QoQ gain in Q4 of 2021. Investors were braced for a softer release after the impressive Q4 surge, and the Q1 reading actually outperformed, beating the estimate of 0.5%.

01-06-2022 07:09 GMT by Kenneth Fisher

Oil prices fall, gold under pressure

OPEC+ rumours sink crude prices The announcement of the partial EU ban on Russian crude imports was a mild tailwind yesterday, but by and large, looked to have been already priced into markets. What did surprise markets was a Wall Street Journal article suggesting that OPEC might exempt Russia from the production quota agreement at tomorrow’s OPEC+ meeting.

01-06-2022 03:45 GMT by Jeffrey Halley

Higher US yields lift US dollar

Dollar gains ground against majors Currency markets continued to trade in a choppy, but ultimately consolidative range overnight and this morning. Higher US yields overnight allowed the US dollar to be ascendant, the dollar index rising 0.48% to 101.78, having probed above 102.00 intraday.

01-06-2022 03:32 GMT by Jeffrey Halley

Asian markets are mostly lower

Soft PMIs sends Asian equities lower Weakening Manufacturing PMI data from across the Asia-Pacific, combined with a low close on Wall Street, sees most of Asia trading in the red today, ignoring the bounce in US index futures this morning. Overnight, a rise in US yields saw the S&P 500 finish 0.63% lower, the Nasdaq lost 0.41%, with the Dow Jones easing by 0.57%.

01-06-2022 03:26 GMT by Jeffrey Halley

Oil climbs, gold in choppy waters

Oil jumps again amid Shanghai reopening The price of a barrel of Brent crude hit USD 120 earlier in the day on the back of the EU deal, as well as the continued reopening of Shanghai and the better than expected Chinese PMIs. The gradual phasing in of the deal along with the exemptions included prevented the price from rising much higher but ultimately it further tightens a market that's already undersupplied. The reopenings in China are another major bullish factor for crude prices, for obvio

31-05-2022 16:11 GMT by Craig Erlam

Euro drops as EU bans Russian oil

The euro is seeing red on Tuesday and dropped below the 1.07 line earlier. In the North American session, EUR/USD is trading at 1.0707, down 0.67% on the day. EU to block most Russian oil The EU announced on Tuesday that it had reached an agreement to ban most Russian oil imports by the end of this year.

31-05-2022 10:11 GMT by Kenneth Fisher

Canadian dollar eyes GBP, BoC meeting

After a 3-day rally, the Canadian dollar has reversed directions on Tuesday and edged lower. Canada releases GDP for March later in the day. Canada's GDP climbed in February by 1.1% MoM, the highest monthly growth rate since March 2021.

31-05-2022 07:16 GMT by Kenneth Fisher

NZD falls as business confidence swoons

The New Zealand dollar rally has fizzled out on Tuesday. In the European session, NZD/USD is trading at 0.6517, down 0.63% on the day. Business Confidence slides New Zealand's business sector remains deeply pessimistic about the economy.

31-05-2022 05:58 GMT by Kenneth Fisher

Crude rises on EU oil ban, gold steady

Europe's ban on Russian oil sends black gold higher The announcement that a partial EU ban on Russian oil imports has made it over the finish line sent oil prices higher overnight. Recovering PMI data from China today, and by default recovering energy consumption, has seen the rally continue in Asia.

31-05-2022 04:15 GMT by Jeffrey Halley

Dollar edges higher

Dollar stages corrective recovery on a quiet day Currency markets are quiet post the US holiday overnight, and that has allowed a modest short-covering US dollar rally to develop after US yields ticked higher in Asia. The dollar index has added 0.26% to 101.63 this morning, mid-range between support/resistance at 101.00 and 102.50. EUR/USD has given back most of its overnight gains, easing 0.28 to 1.0750 today.

31-05-2022 04:07 GMT by Jeffrey Halley

Asia drifts in post-holiday doldrums

With US markets closed overnight, Asian markets are drifting today. Equities are mixed with currency markets are indulging in some modest US dollar short-covering as US bond futures fall (yields up).

31-05-2022 03:32 GMT by Jeffrey Halley

EUR/USD - Recovery losing momentum

Running into resistance The dollar has given back a decent portion of its recent gains over the last couple of weeks and has now reached some very interesting levels. The greenback correction has coincided with a hawkish shift from the ECB which has lifted the euro, making the impact on the EURUSD pair all the more significant. But how much further can it run? It's now reached a potentially significant area around 1.08 where the top of the steeper descending channel crosses the 50 and 61.8

30-05-2022 12:27 GMT by Craig Erlam

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