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 in peak inflation hopes

US dollar retreats Rallies by the euro and sterling pushed the US dollar lower overnight as markets in New York continued to price in peak inflation expectations and assume that all the Fed tightening was now priced into US markets. The dollar index fell sharply by 0.46% to 99.85 after touching my initial target of 100.50 earlier in the day.

14-04-2022 04:27 GMT by Jeffrey Halley

Hawks fill the skies

The procession of central banks hiking rates in an attempt to see off inflation has continued over the last 24 hours. The Bank of Canada hiked by 0.50% overnight, and the Bank of Korea sprung a surprise 0.25% hike this morning.

14-04-2022 03:59 GMT by Jeffrey Halley

Bank of Canada raises rates by 0.50%

Canadian dollar yawns after rate hike The Bank of Canada was expected to come out flying, and it certainly didn't disappoint as it increased interest rates by 50-basis points. This was the second hike in two months after the central bank had kept rates at an ultra-low 0.25% for close to two years.

13-04-2022 10:40 GMT by Kenneth Fisher

RBNZ super-hikes but NZD slides

RBNZ hikes rates by 0.50% The RBNZ came out swinging on Wednesday, as it hiked the Cash Rate to 1.50%, with an oversized hike of 50-basis points. Ordinarily, a sharp rate hike by a central bank would prop up the local currency, but that was not the case today.

13-04-2022 05:10 GMT by Kenneth Fisher

Inflation relief for GBP/USD

OANDA Senior Market Analyst Craig Erlam talks about how the latest US inflation report offered relief for GBPUSD around key technical support.

13-04-2022 04:50 GMT by Craig Erlam

US dollar rally accelerates overnight

US dollar extends gains In contrast with the exuberance of equity markets, the US dollar rally accelerated overnight, with dollar index gains led by weakness in the euro and sterling. The dollar index ignored the softer monthly core-inflation print, rallying an impressive 0.34% to 100.33, where it remains in Asia.

13-04-2022 04:36 GMT by Jeffrey Halley

Peak inflation nations

Has US inflation peaked? Equity markets ex-China are rallying today as US equity futures jump in Asian trading. Overnight, US inflation hit multi-decade highs, with YOY inflation printing at 8.50%, while core inflation rose by 6.50% YOY.

13-04-2022 04:06 GMT by Jeffrey Halley

Euro dips as German inflation soars

German data was in the spotlight on Wednesday, with the release of German inflation and ZEW Economic Sentiment. The numbers were worrying, but the euro's response was muted, as the currency trades in the mid-1.08 range. German, US inflation soars German CPI for March came in as expected, at 7.3% YoY.

12-04-2022 12:19 GMT by Kenneth Fisher

New Zealand dollar eyes RBNZ

The New Zealand dollar is finally in positive territory on Tuesday, after posting five consecutive losing sessions. RBNZ rate decision looms The RBNZ is widely expected to increase rates from the current 1.00% at the Wednesday meeting, but by how much? Pundits are calling the rate decision a "coin toss" between a 0.25% and a 0.50% increase.

12-04-2022 08:09 GMT by Kenneth Fisher

Will Dollar/Yen hit 130?

The Japanese yen hasn't managed a single winning session in the month of April, as the dollar has pummelled the yen over the past few weeks. Dollar/yen has climbed to 6-year highs and appears headed for even higher levels.

12-04-2022 06:29 GMT by Kenneth Fisher

China weighs on oil, gold edges up

China growth fears continue to weigh on oil Oil prices finished sharply lower overnight, despite OPEC telling Europe they wouldn’t be pumping any more oil. Recession fears around US monetary policy and mostly, fears surrounding China’s growth outlook and its Covid zero policy, pushed oil prices down in overnight trading. Brent crude fell 2.90% to USD 99.25 overnight, while WTI fell 2.65% to USD 95.20 a barrel.

12-04-2022 05:31 GMT by Jeffrey Halley

US yields lift the dollar

Higher US yields boost the dollar The rise in long-dated US yields overnight reversed intraday losses and lifted the greenback. The dollar index rose 0.14% to 99.98, where it remains in Asia.

12-04-2022 05:16 GMT by Jeffrey Halley

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

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