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.

Equities yield to bonds

US yields hit 3-year high Markets got a case of inflation nerves overnight, with long-dated US yields shooting higher ahead of US inflation data this evening. The US 2-year 10-year curve now has nearly 30 points of positive daylight in it, thankfully removing the “inverse yield curve, we’re all doomed” headlines off the front page for now.

12-04-2022 04:51 GMT by Jeffrey Halley

Oil slumps as China struggles with COVID, gold remains volatile

Oil falls on China's Covid outbreak Oil prices headed lower as energy traders continue to price in further crude demand destruction as China's covid outbreak worsens. WTI crude knew it was in trouble given the deteriorating crude demand outlook, a stronger dollar, and after a senior US administration official said that President Biden did not make a “concrete ask” to India to ease up their energy purchases from Russia. The oil market is getting beat up and it might take exhaustion from the stro

11-04-2022 15:08 GMT by Edward Moya

Euro gets slight lift from French vote

The euro clawed its way back to the 1.09 line on Monday but has retreated. EUR/USD fell 1.57% last week and hasn't had a winning session in the month of April. It's Macron vs.

11-04-2022 09:45 GMT by Kenneth Fisher

Dollar/yen sails past 125

The Japanese yen continues to lose ground. Last week, USD/JPY rose 1.41% and has added another 0.97% on Monday.

11-04-2022 07:34 GMT by Kenneth Fisher

New Zealand dollar extends slide

The New Zealand dollar remains under pressure and is in negative territory at the start of the week. Earlier in the day, NZD/USD dropped to 0.6813, its lowest level since March 16th. Markets await RBNZ rate decision The RBNZ, like many other major central banks, is finding itself playing catch-up with soaring inflation.

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

Oil falls on China fears, gold edges up

China's growth fears prompt oil selling Oil finished last week slightly higher in directionless trading. Brent crude rose 0.95% to USD 102.30 a barrel, and WTI rose 0.80% to USD 97.75 a barrel.

11-04-2022 04:22 GMT by Jeffrey Halley

US dollar grinds higher

US dollar holds onto gains The US dollar has a choppy session on Friday, the dollar index spiking to 100.19 before retreating to finish just 0.10% higher at 99.84. In Asia, an uncertain outlook on multiple fronts has lifted it 0.10% higher to 99.93.

11-04-2022 04:03 GMT by Jeffrey Halley

US Close - Stocks pare losses on reports ECB working on a tool to tackle yields, Canadian jobs, Oil rebounds, Gold higher, Bitcoin struggles

US stocks pared losses after reports that the ECB is working a crisis tool that could help tackle what seems to be a likely surging bond yield problem for the southern periphery. The ECB has the hardest job of all the other major central banks and this potential tool shows they are trying to get ahead of what will be an unbalanced economic recovery once inflation eases. Wall Street is looking at surging Treasury yields and swapping out tech stocks for more defensive plays such as energy, finan

08-04-2022 14:34 GMT by Edward Moya

Week Ahead - Rapid tightening on the way

There has been incredible resilience in equity markets in recent weeks as central banks have ramped up interest rate expectations, particularly at the Fed, and bond markets have at times priced in a recession. While there have been wobbles in stock markets, they've quickly recovered which suggests investors may not be buying the recession warnings.

08-04-2022 10:54 GMT by Craig Erlam

Canadian dollar steadies, job data next

The currency markets are in calm waters today, with one eye on the weekend. The Canadian dollar is no exception, as USD/CAD is unchanged, trading just shy of the 1.26 line. The Federal Reserve continues to send out hawkish feelers to the markets.

08-04-2022 07:33 GMT by Kenneth Fisher

Japanese yen drifting at 124

USD/JPY continues to trade sideways and looks like it may drift right into the weekend. In the European session, USD/JPY is trading just above the 124 line. Japanese data mixed Japan released a data dump on Friday, but the yen wasn't biting and has shown little change.

08-04-2022 04:33 GMT by Kenneth Fisher

Oil edges lower, gold trading sideways

Oil prices ease in Asia Oil prices traded in a USD 5.00 range overnight, but despite the overcaffeinated traders of the oil market raising their blood pressures intraday, both Brent and WTI ultimately settled almost unchanged. This is as good a reason to my readers to not get caught up in short-term market moves generally, as any.

08-04-2022 03:29 GMT by Jeffrey Halley

Currency markets ranging

US dollar holds onto gains Currency markets had a choppy night with decent ranges seen across the majors. Ultimately though, despite all the noise, markets settled fairly close to where they had started.

08-04-2022 03:20 GMT by Jeffrey Halley

Gold - Consolidates as Fed turns more hawkish

OANDA Senior Market Analyst Craig Erlam discusses the moves in gold as the Fed's hawkish shift continues.

07-04-2022 17:53 GMT by Craig Erlam

Market Insights Podcast (Episode 317)

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 Fed Minutes, what happened in the oil markets, and discussed cryptocurrencies. They also discuss what the week ahead has in store for financial markets.

07-04-2022 15:05 GMT by Edward Moya

NZ dollar falls as FOMC talks tough

The New Zealand dollar has extended its losses on Thursday and dropped below the 69 line. In the North American session, NZD/USD is trading at 0.6887, down 0.42% on the day. Fed puts 0.50% hikes on the table The hawkishness of the FOMC minutes was not a surprise, given that the markets had heard this from Fed members George and Brainard a day earlier.

07-04-2022 13:06 GMT by Kenneth Fisher

AUD falls as trade balance shrinks

The Australian dollar has extended its losses and has fallen below the symbolic 75 line. In the North American session, AUD/USD is trading at 0.7475, down 0.45% on the day. Central bank announcements have been sending the Australian dollar up and down this week like a yo-yo.

07-04-2022 09:55 GMT by Kenneth Fisher

Euro edges lower on French nerves

The euro is down slightly on Thursday and remains under pressure. EUR/USD hasn't posted a winning session in the month of April and fell to 1.0874 yesterday, which was a one-month low.

07-04-2022 05:02 GMT by Kenneth Fisher

Oil slips on SPR, gold stays sideways

Oil prices fall on IEA release Oil prices dipped overnight after the IEA announced a globally coordinated reserve release of 120 million barrels, which is actually a net 60 million release when the US contribution is stripped out. Brent crude and WTI fell by over 4.0% overnight, assisted by higher than expected US Crude Inventories, to USD 101.70 and USD 96.40 respectively. With the IEA release and the US SPR releases now priced in, Asia has walked in and bought the dips in both contracts t

07-04-2022 03:59 GMT by Jeffrey Halley

Fed's tightening grip unnerves equities

Fed to accelerate balance sheet reduction The FOMC minutes were released overnight and signalled a faster pace of balance sheet runoff then on previous occasions, targeting USD 95 billion per month from September, easing into the process from next month. The minutes also suggested that some 50 bp Fed Funds hikes were on the cards and expect that to happen from next month.

07-04-2022 02:19 GMT by Jeffrey Halley

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