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.

Aussie takes a breath after wild ride

The Australian dollar is drifting on Wednesday, after taking quite the ride a day earlier, courtesy of the RBA rate decision. RBA hawkishness sends Aussie soaring AUD/USD rocketed some 200 points at one stage on Tuesday, in response to the RBA rate statement at its policy meeting. The Bank held rates at an ultra-low 0.10%, where they have been pegged since November 2020.

06-04-2022 06:58 GMT by Kenneth Fisher

Oil edges higher, gold range trades

Oil prices are steady Oil prices eased overnight in the face of a stronger US dollar, a slow news ticker from Eastern Europe, and continuing concerns over China’s growth as the Shanghai lockdown continued. Brent crude fell by 2.15% to USD 104.60 a barrel, with WTI falling 2.45% to USD 101.15 a barrel.

06-04-2022 04:26 GMT by Jeffrey Halley

Higher US yields lift the dollar

Brainard's hawkish comments buoy the US dollar The US dollar rose overnight as US long-dated yields spiked higher after very hawkish comments from the Fed’s Brainard, previously one of its most dovish officials. A robust ISM Non-Manufacturing PMI and ISM Non-Manufacturing employment, new orders and business activity served as an additional tailwind.

06-04-2022 04:14 GMT by Jeffrey Halley

Left Brainard, right Brainard

Brainard talks hawkish The overnight session was dominated by comments from Fed Governor Lael Brainard, who set the cat amongst the pigeons of the equity and bond markets with some very hawkish comments. Ms Brainard suggested that a reduction of the Federal Reserve’s balance sheet, so-called quantitative tightening, could begin as early as next month and at a much faster pace than previous efforts.

06-04-2022 03:43 GMT by Jeffrey Halley

NZ dollar hits 15-week high

The New Zealand dollar continues to rally and is up 0.82% this week. Earlier in the day, NZD/USD punched above the symbolic 70 line and rose to 0.7034, its highest level since November 2021, before retreating lower. US Services PMI accelerates The US Services PMI for March pointed to continuing expansion, with a reading of 58.3.

05-04-2022 12:15 GMT by Kenneth Fisher

Japanese yen dips, wage growth falls

USD/JPY was sailing in calm waters on Tuesday but has gained ground in the North American session. The yen is trading at 123.25, up 0.40% on the day. Kuroda talks tough about the yen Similar to what we saw last week, Japanese officials were talking about the yen, expressing concern about currency movements.

05-04-2022 10:34 GMT by Kenneth Fisher

Aussie rockets as RBA hints at hike

The Australian dollar is turning heads, as AUD/USD has jumped a massive 1.27% today. In the European session, the Australian dollar hit 0.7639, its highest level since June 2021. RBA says audieu to 'patience' If I had to pick a word that encompassed RBA Governor Lowe's monetary stance, it would be 'patience'.

05-04-2022 09:23 GMT by Kenneth Fisher

Oil rises on sanctions talk, gold steady

Oil prices higher on European sanctions fears Oil prices started rallying in Asia yesterday after Europe indicated tighter sanctions on Russia. Fears mounting that Europe would finally target the Russian energy sector, further squeezing supplies.

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

Asia shuffles sideways

Holidays in mainland China and Hong Kong are muting activity once again in Asia, which looks content to watch this session from the sidelines. Overnight, Elon Musk stole the headlines, announcing with a swipe of his debit card, the purchase of a 9.20% stake in Twitter worth USD 2.90 billion.

05-04-2022 03:35 GMT by Jeffrey Halley

AUD/USD - Building breakout momentum?

Can it take the next step? The Aussie dollar has performed well against the greenback since early February and while it appeared to have lost some momentum recently, it may have rediscovered that today. The pair ran into resistance around the late-October highs last week and has been in consolidation since but as you can see today, it's spiked higher and the MACD and stochastic on the 4-hour chart suggest there's some momentum behind the move. The fact that we never saw much of a pullback f

04-04-2022 12:41 GMT by Craig Erlam

Yen takes a pause after busy week

The Japanese yen has started the week with slight gains, as USD/JPY is trading at 122.75 in the North American session. It was a rollercoaster week for the yen, which showed strong volatility throughout the week. USD/JPY posted considerable gains on Friday, as the US/Japan rate differential widened on Friday and pushed the yen briefly above the 123 line.

04-04-2022 10:09 GMT by Kenneth Fisher

AUD calm ahead of RBA decision

The Australian dollar has posted slight gains at the start of the week, as AUD/USD trades just above the 0.75 level. Looking back at March, it was an excellent month for the Australian dollar. The currency rose 3.02%, its best month since October 2021.

04-04-2022 08:51 GMT by Kenneth Fisher

Oil eases, gold falls as dollar rises

Oil slightly softer in Asia Oil prices eased slightly on Friday, robust US data and weekend risk supporting prices, while US SPR releases as well as yet to be determined ones from other IEA members capped gains. A UN-brokered two-month ceasefire between Saudi Arabia and Yemen’s Houthi rebels has had no noticeable impact on prices today. The China holiday is definitely muting trading volumes in Asia today, leaving Brent crude unchanged at USD 104.50, and WTI unchanged at USD 99.35.

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

The US dollar continues to rise

The US dollar continued gaining on Friday as firm US data pushed US yields higher. The dollar index rose 0.22% to 98.57 where it remains in Asia, where a China holiday is impacting trading volumes.

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

Week Ahead - Risks mounting

As we head into the second quarter, it seems the list of economic concerns is growing rather than shrinking and yet equity markets find themselves in a very comfortable position. The rebound from the post-invasion lows has been impressive, to say the least, but whether it's sustainable will become clear in the coming weeks.

01-04-2022 11:34 GMT by Craig Erlam

NFP React: Stocks have lackluster start for Q2, another Strong NFP report, ISM feeling supply chain challenges

US stocks are off to a lackluster start to the quarter after an impressive nonfarm payroll report and soft ISM manufacturing report. The labor market remains strong and employers are making progress filling vacancies. The ISM manufacturing report confirmed the great story being told about employment but also showed inflation is getting uglier and activity is slowing as supply chain issues persist. Inflation pressures could soon lead to demand destruction so it might be hard to see equities re

01-04-2022 10:39 GMT by Edward Moya

Euro stems bleeding as CPI hits 7.5%

Inflation sizzling in the eurozone Inflation has been skyrocketing in the US and UK, giving the Fed and BoE plenty of sleepless nights. Inflation levels had been lower in the eurozone, and ECB President Christine Lagarde has not made inflation a priority, arguing that high inflation would ease.

01-04-2022 07:34 GMT by Kenneth Fisher

CAD in holding pattern ahead of NFP

The Canadian dollar has posted small gains, trading just below the symbolic 1.25 line in the European session. We could see stronger movement from the currency when US nonfarm payrolls are released later today. The month of March has brought plenty of turbulence to the financial markets, highlighted by the Ukraine-Russia war, which shows no signs of ending anytime soon.

01-04-2022 06:33 GMT by Kenneth Fisher

Japanese yen slips, NFP next

The Japanese yen has reversed directions and is down sharply on Friday. In the European session, USD/JPY is trading at 122.68, up 0.81% on the day. All eyes are on US nonfarm payrolls, with an estimate of 490 thousand jobs.

01-04-2022 04:10 GMT by Kenneth Fisher

The US dollar reverses losses

Dollar recovers on Russia-Europe energy spat The US dollar rebounded overnight as the energy payment standoff with Russia and Europe took a turn for the worse, and quarter-end demand for US bonds boosted dollar demand. The dollar index rose 0.52% to 98.35, adding another 0.13% to 98.48 in Asia.

01-04-2022 02:55 GMT by Jeffrey Halley

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