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.

US Dollar strengthens after Labor Day – DXY technical outlook
After a quiet Labor Day week, volatility returns as traders reassess Powell’s dovish shift and looming Fed cuts. The US Dollar holds firm while equities and crypto falter. Rising geopolitical tensions and a fresh UK Gilt selloff weigh on sentiment, leaving markets on edge ahead of September’s FOMC and Friday's NFP. Discover key technical levels for the USD.
by Elior Manier
GBP/USD Technical: Sterling torpedoed by spike in 30-year gilt yield, watch the 1.3315/3280 key support
Sterling tumbled, losing 1.2% intraday against the dollar and ranking as the weakest major currency as of 2 September, with USD/GBP up 1.1%. The 30-year UK gilt yield surged 6 bps to 5.69%, its highest since 1998, as concerns over rising UK debt widened the risk premium. Drawing parallels with the 2022 gilt crisis, GBP/USD remains bearish below 1.3460, with supports eyed at 1.3370 and 1.3315/1.3280.
by Kelvin Wong
Tokyo Core CPI eases to 2.5%, yen steady
Tokyo Core CPI eased to 2.5% in July, down sharpy from 2.9% in June. The BoJ remains on track for a rate hike in the the fourth quarter, likely in October or December. Japan's retail sales and industrial production both declined and missed expectations, pointing to a weak economy.
by Kenneth Fisher
EUR/USD Technical: Euro on the brink of a medium-term bullish breakout
EUR/USD is on the brink of a medium-term bullish breakout after a 1.6% rally to 1.1730 in mid-August. Price action has reclaimed the 20- and 50-day moving averages, while momentum remains supported above trendline levels. A bullish bias holds above 1.1650, with potential targets at 1.1770/1790 and 1.1830. Meanwhile, narrowing US–German 2Y yield spreads continue to weigh on the dollar, reinforcing euro strength.
by Kelvin Wong
EURUSD rangebound in the waiting for further news – breakout levels
EUR/USD trading volumes shrank in the last week of August as traders await the NFP report. The canceled Zelenskyy-Putin meeting underscores geopolitical risks, while rangebound action continues to define the pair. Explore how to trade within the EURUSD range and identify potential breakout levels ahead of next week's US Non-Farm Payrolls.
by Elior Manier
USD/JPY Technical: Eyeing the ascending range support of 145.50
USD/JPY has extended its slide from the late-July peak of 150.92, falling -2.6% to 147.00. Fresh Tokyo core-core inflation data and stronger consumer confidence reinforced expectations for a potential 25bps BoJ rate hike in October, keeping pressure on the pair. With USD/JPY trading below its 20-day average and testing the 50-day, focus now shifts to US core PCE data later today, a key driver of Fed rate cut bets ahead of September’s FOMC.
by Kelvin Wong
Sterling Outlook Softens amid Sticky Inflation, Slowing Growth and Fiscal Strains
GBP outlook has turned bearish: Sticky inflation, slowing growth, and tight fiscal prospects tilt risks to the downside despite earlier stability versus G10. BoE likely to cut once more, then pause: After a split August 25 bp cut, a single 25 bp cut in November is plausible, with futures sceptical about further easing. Inflation is persistent and services-led: Core ~3.8% y/y; services ~5% y/y; broad pricing pressure and elevated expectations keep disinflation progress limited.
by Łukasz Zembik
GBP/USD: Cable holds above 1.35000 as markets curb BoE rate cut bets
Starting with a UK national holiday, coupled with a noticeably sparse UK economic calendar, the current trading week has been somewhat uneventful for cable traders. Having only recently secured its best six-monthly performance since 2020, riding a wave of dollar downside, GBP/USD currently floats above the key level of 1.35000 and looks for daily support.
by Christian Norman
USDCAD falls despite a US GDP data beat – Technical outlook
USDCAD multi-timeframe technical analysis after the GDP data release for the US. The USD is falling despite stronger US GDP data. USDCAD is slipping back into its July range (1.3550–1.38), with key levels to watch ahead of tomorrow’s Canadian GDP release. Tariff uncertainty also looms as Canada drops retaliatory measures before Friday’s exemption deadline.
by Elior Manier
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