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.

Dollar dips, but markets cautious

Currency markets remain in risk-aversion mode There was no sign of the modest relief rally spilling into currency markets overnight, with EM and DM currencies on the back foot as the US dollar booked another night of gains. It has taken a rise by China stocks today to spur a gentle US dollar retreat in Asia.

26-04-2022 05:11 GMT by Jeffrey Halley

Beijing blues hold Asia in thrall

Asian markets are showing tentative signs of life today after the sell-everything move lower yesterday. It looks more dead cat bounce than brave new world though as Beijing’s Covid-19 situation has knocked the Ukraine/Russia war, the Federal Reserve, threats of nuclear war from Russia, and even Elon Musk and Twitter off the headlines.

26-04-2022 03:43 GMT by Jeffrey Halley

US Close: Stocks show resilience, Musk and Twitter have a deal, Oil’s demand problem, Gold’s danger zone, Bitcoin above $40k

US stocks were under pressure earlier as investors couldn’t quite summon up the courage to ‘buy the dip’ as global growth concerns were driven as China seems poised they won’t back away from their zero COVID strategy. With no more Fed speak until next week’s policy decision, the bond market selloff was ready for a pause.

25-04-2022 16:35 GMT by Edward Moya

Macron wins, but euro slides

The euro has started the week with sharp losses as it struggles to stay above the 1.07 line. In the North American session, EUR/USD is trading at 1.0717, down 0.73% on the day. Euro woes continue On Sunday, President Emmanuel Macron won a decisive victory over Marie Le Pen of the extreme right, by a score of 58% to 42%.

25-04-2022 10:41 GMT by Kenneth Fisher

Pound under the dollar hammer

The British pound is sharply lower at the start of the week. In the European session, GBP/USD is trading at 1.2739, down 0.77% on the day. Weak UK data, Fed sinks pound The week ended with soft British data, and the pound took it on the chin, sliding 1.44% on Friday.

25-04-2022 08:28 GMT by Kenneth Fisher

BOJ intervention keeps yen steady

The Japanese yen recorded another losing week, a seventh straight if you're counting. USD/JPY is slightly lower at the start of the week, trading at 128.26 in the European session. The Bank of Japan meets on Thursday, but the central bank is keeping busy as it has intervened to cap JGB yields.

25-04-2022 07:04 GMT by Kenneth Fisher

Oil slides, gold falls as dollar rises

Oil falls heavily in Asia Oil markets fell on Friday as risk aversion and China growth fears weighed on prices. Brent crude fell by 2.40% to 106.10, with WTI falling by 2.20% to USD 101.70 a barrel.

25-04-2022 05:11 GMT by Jeffrey Halley

US dollar jumps on Fed, China growth

US dollar soars on risk-aversion The dollar index soared on Friday, as the UK sterling slumped and investor fear around China growth pummelled Asia FX, and Fed rate hike expectations saw a flight to safety. The dollar index leapt 0.50% to 101.11, taking out resistance at 101.00.

25-04-2022 04:56 GMT by Jeffrey Halley

Week Ahead - A bumper start to the week

Big events keep coming It could be an interesting start to the week depending on who wins the second round of elections in France on Sunday. Marine Le Pen has made significant progress over the last five years and the race for the Presidency is expected to be much closer this time as a result.

22-04-2022 17:58 GMT by Craig Erlam

Oil choppy, gold's rough week, bitcoin blow

Oil choppiness continues Oil remains choppy with China and the Fed creating a bit more two-way price action amid very tight markets. The risks are certainly more tilted to the upside, given the war in Ukraine and a potential embargo on Russian exports, but lockdowns in China and the risk of a Fed-driven economic slowdown are also significant. Central banks may be targeting a soft landing while belatedly combating very high inflation but that is very hard to achieve and there are plenty of reas

22-04-2022 08:47 GMT by Craig Erlam

Powell lifts the US Dollar.

A hawkish Jerome Powell overnight lifted US yields higher and saw a flight to safety in the US Dollar, allowing the dollar index to recapture much of its mid-week losses. Another night of Yuan losses also encouraged some pre-weekend defensive flows into the greenback.

22-04-2022 02:03 GMT by Jeffrey Halley

Euro breaks above 1.09 as CPI surges

The euro has posted considerable gains on Thursday. In the European session, EUR/USD is trading at 1.0906, up 0.47% on the day. Eurozone CPI hits 7.4% The euro has rebounded nicely as it trades at the 1.09 line.

21-04-2022 06:52 GMT by Kenneth Fisher

New Zealand dollar edges lower after CPI

New Zealand rises to 6.9% There was plenty of anticipation ahead of the New Zealand inflation report, which is released each quarter. The consensus was a sharp rise of 7.1% YoY in Q4, compared to the Q3 reading of 5.9%.

21-04-2022 06:12 GMT by Kenneth Fisher

Oil drifting, gold steady

Oil markets are surprisingly quiet Oil markets traded sideways overnight, with China's growth fears offsetting a large drop in official US crude inventories overnight. With the geopolitical news ticker fairly quiet, oil markets contented themselves with consolidating the previous day's gains.

21-04-2022 04:26 GMT by Jeffrey Halley

US dollar falls overnight

Lower US yields send US dollar lower A retreat by US yields overnight set off an uneven long-covering move in currency markets, pushing the dollar index sharply lower by 0.65% to 100.34. Having held resistance at 101.00, and with the relative strength index (RSI) at very overbought levels, the dollar index was vulnerable to a pullback.

21-04-2022 04:08 GMT by Jeffrey Halley

Profit-taking pause for breath

US dollar retreats as US yields fall A wave of profit-taking swept markets overnights as US bond yields gave back some recent gains. That prompted traders to trim long US dollar positions, with the dollar index and USD/JPY having a tough day at the office.

21-04-2022 03:41 GMT by Jeffrey Halley

NZ dollar soars ahead of CPI

The New Zealand dollar has recorded strong gains on Wednesday. In the North American session, NZD/USD is trading at 0.6807, up 1.1% on the day. The US dollar is in full retreat against the majors today.

20-04-2022 12:37 GMT by Kenneth Fisher

Canadian dollar jumps as CPI surges

Canada's inflation outperforms The Canadian dollar is up sharply on Wednesday, as Canada's inflation report was hotter than expected. In the North American session, USD/CAD is trading at 1.2519, down 0.74% on the day. Canada's CPI for March jumped 6.7% YoY, a full percentage point higher than the 5.7% gain in February.

20-04-2022 09:43 GMT by Kenneth Fisher

Japanese yen rebounds on BoJ

It has been a busy day for the Japanese yen. The currency came tantalizingly close to the symbolic 130 level earlier today, but then reversed directions.

20-04-2022 07:47 GMT by Kenneth Fisher

US dollar eases in Asia

BoJ intervention boosts yen The Japanese yen is once again driving the dollar index direction today. Having risen by 0.18% to resistance at 101.00 overnight, it has retreated by 0.28% to 100.71 this morning.

20-04-2022 05:40 GMT by Jeffrey Halley

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