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.

Markets like their rate hikes rare

Wall Street up, US dollar down after Fed's 0.75% hike Unless you were living on Mars, and even there they probably heard the news, the FOMC hiked the Fed Funds rate by 0.75% overnight to a target range of 1.50%-1.75%, as anticipated by the market. The Fed downgraded its US growth forecasts for 2022 and 2023 but remained adamant there would be no recession.

16-06-2022 06:21 GMT by Jeffrey Halley

US Close - Happy Fed/ECB Day, Traders breathe a sigh of relief, Oil drops on demand outlook, Gold shines, Bitcoin in trouble

Risky assets got their groove back after the Fed restored confidence that they are serious about fighting inflation but that a steady stream of supersized hikes would be unlikely. Wall Street made this an easy policy decision for the Fed as the two-year Treasury yield surged from 2.83% to over 3.40% since Friday’s inflation report. The Fed raised its benchmark rate by 75 basis points, the largest increase since 1994, and signaled more hikes are coming, but that trend won't last beyond 2023. Th

15-06-2022 16:22 GMT by Edward Moya

New Zealand dollar fights back

NZD/USD is in positive territory on Wednesday, after an extended slide. In the North American session, NZD/USD is trading at 0.6244, up 0.46% on the day. The New Zealand dollar received a boost today from an unexpected source, the European Central Bank.

15-06-2022 11:39 GMT by Kenneth Fisher

ECB calms markets ahead of the Fed

We're seeing a modest recovery in equity markets ahead of some key central bank meetings but investors remain wary of what's to come. It's become very clear that central banks are going to have to be very aggressive in countering mounting price pressures around the globe and that the probability of recessions has increased. Stagflation is not yet here but the risks around it have risen considerably in recent months which makes central bank responses all the more critical.

15-06-2022 11:26 GMT by Craig Erlam

EUR/USD - ECB responds to rising yields

OANDA Senior Market Analyst Craig Erlam discusses EURUSD in the wake of the emergency ECB meeting and ahead of the Fed monetary policy decision.

15-06-2022 10:39 GMT by Craig Erlam

Pound jumps ahead of Fed, BOE meetings

The British pound is in positive territory on Wednesday. This follows an abysmal 5-day slide which saw the pound fall as much as 600 points.

15-06-2022 09:55 GMT by Kenneth Fisher

Aussie surges ahead FOMC, jobs report

The Australian dollar has reversed directions on Wednesday and climbed sharply. In the European session, AUD/USD is trading at 0.6937, up 0.98% on the day. If your fancy is a currency with wild swings, then stay put and don't change the channel.

15-06-2022 07:11 GMT by Kenneth Fisher

Oil drifting, gold dips lower

Oil is noisy but sideways Oil prices traded in a very wide range overnight, but like currency markets, once the histrionics passed and the dust settled, didn’t do a lot, remaining near to recent highs. Brent crude ranged between USD 119.00 and USD 125.00 before finishing just 1.05% lower at USD 120.85 a barrel.

15-06-2022 05:57 GMT by Jeffrey Halley

US dollar consolidates pre-FOMC

Dollar eyes FOMC rate decision Currency markets had a choppy but ultimately range trading session overnight, as higher US yields once again supported the US dollar modestly, while pre-FOMC caution limited its gains. The Asian session is being marked by similar price action, the US dollar easing today as investors lighten their exposure.

15-06-2022 05:47 GMT by Jeffrey Halley

Noisy pre-FOMC consolidation

The sell-everything trade has mostly paused for breath over the last 24 hours, with US equities finding their feet overnight, Asian equities rallying today, and the US dollar giving back some of its recent gains. Bond markets remain the exception.

15-06-2022 04:19 GMT by Jeffrey Halley

New Zealand dollar sliding, GDP next

NZD/USD has extended its losses today. In the North American session, NZD/USD is trading at 0.6222, down 0.59% on the day. The New Zealand dollar continues to fall, and fast.

14-06-2022 10:26 GMT by Kenneth Fisher

Anxiety heightened ahead of the Fed

European stocks are tumbling again on Tuesday, while US futures are marginally higher ahead of the open after a terrible start to the week. Markets await FOMC meeting The mood has turned very negative since the latter half of last week, with the ECB initially leaving investors in a haze and the US inflation data on Friday delivering the knockout blow. While Wall Street is eyeing a marginally higher open, I'm far from convinced it can maintain that ahead of the Fed decision tomorrow. Expectations

14-06-2022 09:51 GMT by Craig Erlam

Yen steady ahead of FOMC meeting

The Japanese yen continues to drift this week. In the European session, USD/JPY is trading at 134.30, down 0.09% on the day. All eyes on the Federal Reserve The Federal Reserve holds its policy meeting on Wednesday.

14-06-2022 07:40 GMT by Kenneth Fisher

Aussie stabilizes after nasty tumble

It has been a rough spell for the Australian dollar, which has steadied after a four-day slide. This downswing saw AUD/USD plunge over 300 points and break below the symbolic 70 level. Market nerves weigh on the Australian dollar Ahead of Wednesday's FOMC rate meeting, risk sentiment is nowhere to be found.

14-06-2022 05:53 GMT by Kenneth Fisher

Oil steady, gold slides

The supply-side squeeze keeps oil prices elevated Oil prices remained almost unchanged overnight, with Brent crude finishing at USD 122.10, and WTI closing at USD 121.10 a barrel. The continuing squeeze on refined products globally, as well as a lack of investment to bring online more supplies from OPEC members, or other sources, means lost Russian production is nowhere near being covered by global markets.

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

Risk aversion boosts US dollar

Higher yields, safety first, sends US dollar higher The dollar index soared overnight, driven by risk aversion, higher yields and ramped-up hiking expectations from the FOMC this week. The dollar index finished 0.97% higher at 105.20, easing slightly in Asia to 105.10.

14-06-2022 03:56 GMT by Jeffrey Halley

The bears come out to play

Equity markets jittery, US dollar soars Things didn’t improve from Friday overnight in New York, as the market scrambled to price in a 0.75% by the FOMC, whose two-day meeting starts today. Among the biggest casualties were the bond market, where yields soared, and the 2/10-year tenor spent part of the day inverted.

14-06-2022 02:59 GMT by Jeffrey Halley

US Close: Panic ahead of the Fed, S&P 500 back in Bear Market, King Dollar, Oil market to remain very tight, Gold weakens, Crypto crash

US stocks only had one way to go after inflation fears intensified and raised the risk of stronger tightening by the Fed and a much sooner recession. Wall Street is facing a plethora of negative headlines, but the problem is that until we see a deterioration with credit conditions and market functioning, the Fed has the greenlight to tighten as much as possible to get inflation under control. An ugly inflation report is being followed by a ‘ferocious’ COVID outbreak in Beijing that will weigh

13-06-2022 16:40 GMT by Edward Moya

Aussie sinks as risk sentiment slides

The Australian dollar has started the week with sharp losses. AUD/USD is trading at 0.6933, down 1.55% on the day. US recession fears send Australian dollar tumbling The week ended with a disappointing US inflation report.

13-06-2022 11:38 GMT by Kenneth Fisher

Pound closing in on 2-year low

The British pound is down sharply at the start of the week, as US inflation and weak UK numbers are weighing on the pound. In the European session, GBP/USD is trading at 1.2174 down 1.16% on the day.

13-06-2022 07:40 GMT by Kenneth Fisher

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