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.

Inflation on the mind of NZ dollar

The New Zealand dollar has posted strong gains on Wednesday. In the European session, NZD/USD is trading at 0.6345, up 0.86% on the day. NZD/USD has been on a nasty slide, with only one winning session since April 20th.

11-05-2022 07:29 GMT by Kenneth Fisher

Euro edges up, eyes US inflation

Lagarde signals a rate hike ECB President Christine Lagarde spoke today at an event sponsored by the Slovenia Central Bank, but what was of most interest were her remarks on future rate hikes. The ECB remains in dovish mode, but with inflation hitting 7.5% in the eurozone, the ECB will be tightening the monetary screws.

11-05-2022 06:28 GMT by Kenneth Fisher

Currency markets consolidate

US dollar trading sideways Currency markets were content to leave the equity FOMO gnomes to chase their tails overnight, while currencies traded sideways ahead of US inflation data tonight. The dollar index is almost unchanged over the past 24 hours at 103.80 this morning.

11-05-2022 05:07 GMT by Jeffrey Halley

US Close - Stock rebound in volatile trade, Crude prices crumble, Gold falls, Bitcoin follows Nasdaq rally

US stocks were all over the place as investors assess a wall of worry that include a weakening consumer, persistent supply chain issues, and growth concerns, while some investors think the selling of stocks is nearing the end. Billionaire hedge fund manager David Tepper noted that he covered his Nasdaq short and anticipates that 12,000 holds for the Nasdaq. The bond market selloff is clearly repositioning itself ahead of tomorrow’s inflation data as the 10-year Treasury yield is well below yest

10-05-2022 15:09 GMT by Edward Moya

Pound stable but markets uneasy

The British pound is in calm waters early in the week, as GBP/USD trades slightly above the 1.23 line. There are no major releases out of the UK or the US, which means that the pound should enjoy a quiet day. Can the BoE get it right? The British pound plunged over 2% last Thursday, a most difficult feat, considering that the Bank of England actually raised interest rates at its meeting that day.

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

Oil extends losses, gold under pressure

Oil slips closer to USD 100 Oil prices are slightly lower again today and not far from double-digit territory as traders grapple with the prospect of recessions and a tightening of Chinese restrictions. The unwillingness and, more accurately, inability of OPEC+ to turn the taps on more is keeping oil prices very elevated but at a little over USD 100, it's more comfortable than was looking probable at times over the last couple of months. The EU struggling to find a coordinated response on Russia

10-05-2022 09:20 GMT by Craig Erlam

Australian dollar falls below 70

Aussie tumbles on risk aversion The Australian dollar is stable on Tuesday, after starting the week with a nasty drop of 1.83%. AUD/USD has dropped to its lowest levels since July 2020, as it trades around 0.6970. Risk aversion remains high, as investors see dark clouds all around.

10-05-2022 06:56 GMT by Kenneth Fisher

Oil slides, gold range trades

Oil prices crushed overnight Oil prices fell heavily overnight as the Fed stability report highlighted recession risks for the US and other countries, and the China slowdown story gathered momentum. President Putin declining to declare an official war on Ukraine also removed a risk factor supporting prices.

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

Asian equities follow Wall Street lower

Asian markets fall, ex-China Wall Street suffered another day of recession fears overnight, with equities slumping once again, relying on Bostic’s comments to salve the wounds and cap US yield rises and the US dollar rally. The S&P 500 retreated by 3.20%, with the Nasdaq slumping by 4.29%, and the Dow Jones losing 1.97%.

10-05-2022 04:55 GMT by Jeffrey Halley

Rinse and repeat

Wall Street fall on recession jitters Today is looking remarkably like a rerun of yesterday, especially in US markets. Equities slumped once again, led by the Nasdaq, as did oil and bitcoin.

10-05-2022 04:46 GMT by Jeffrey Halley

Crude prices tumble, gold vulnerable to more pain

Oil slides on China jitters Oil prices are dropping fast as crude demand destruction fears grow given China’s COVID situation and the de-risking event happening with US stocks. An imminent embargo on Russian energy seems unlikely as the EU continues to work on gaining Hungary’s approval.

09-05-2022 13:33 GMT by Edward Moya

Japanese yen hits 20-year low

The Japanese yen is slightly lower at the start of the week. In the Asian session, the yen fell as low as 131.35, which marked a 20-year low. Will BoJ step in to defend the yen? The speed of the Japanese yen's depreciation has been remarkable, falling 12% against the US dollar in just three months.

09-05-2022 09:52 GMT by Kenneth Fisher

Euro steady after G-7 pledge oil ban

G-7 commits to ban Russian oil The euro has started the week quietly, although there have important developments in the West's sanction battle with Russia. On Sunday, G-7 leaders pledged to phase out or ban the import of Russian oil. As the war in Ukraine continues, the West has ratcheted up its sanctions against Moscow.

09-05-2022 07:34 GMT by Kenneth Fisher

Oil, gold looking for direction

Oil prices trade sideways Oil prices booked modest gains on Friday night after an on-target US Non-Farm Payroll release suggested that the US economy continues to perform well. Brent crude rose 1.86% to USD 113.05, and WTI rose by 1.80% to USD 110.50 a barrel.

09-05-2022 04:09 GMT by Jeffrey Halley

Risk-aversion lifts US dollar in Asia

China concerns boost the US dollar The US dollar booked some modest gains post-Non-Farm Payrolls on Friday, but the dollar index resistance zone at 104.00 held once again. The dollar index finished 0.11% higher at 103.66 having traded in a wide range intra-day.

09-05-2022 03:52 GMT by Jeffrey Halley

Week Ahead – Volatile Markets

Every asset class has been on a rollercoaster ride as investors are watching central bankers all around globe tighten monetary policy to fight inflation. Financial conditions are starting to tighten and the risks of slower growth are accelerating.

06-05-2022 19:11 GMT by Edward Moya

Market Insights Podcast (Episode 327)

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 another strong nonfarm payroll report, the FOMC decision, what happened in the oil market, and why cryptos crashed. They also discuss what the week ahead has in store for financial markets.

06-05-2022 17:42 GMT by Edward Moya

Sterling falls below 1.23

The British pound has stabilized on Friday, after sustaining huge losses a day earlier. GBP/USD is trading at 1.2342 in the European session, down 0.11%.

06-05-2022 06:12 GMT by Kenneth Fisher

Oil trades sideways, gold pares gains

Oil prices trade sideways After initially leaping higher after the proposed EU ban on Russian oil was released, oil markets have spent the past two sessions consolidating those gains. Overnight, oil traded in a wide and choppy range, but ultimately, Brent crude finished just 0.80% higher at USD 110.95, and WTI rose 0.95% to USD 108.55 a barrel.

06-05-2022 03:47 GMT by Jeffrey Halley

US dollar regains its losses

US dollar rebounds on risk aversion The US dollar reversed higher, unwinding all its post-FOMC losses as risk aversion swept other asset markets and US 10-year yields rose and closed above 3.0%. Support at 102.50 held beautifully on a closing basis, signalling more US dollar gains ahead.

06-05-2022 03:32 GMT by Jeffrey Halley

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