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.

Currency markets looking for direction

Currency markets remain in a holding pattern Currency markets had another night of quite wide ranges, but ultimately closed once again not far from where they started. The currency space appears to have moved to the sidelines, for now, content to wait and watch for developments elsewhere for its next directional cues.

24-03-2022 05:22 GMT by Jeffrey Halley

Euro dips below 1.10 level

The euro has edged lower on Wednesday and is trading just below the 1.10 level, a psychologically important line. A tale of two central banks? The Federal Reserve came out swinging this week, reiterating its pledge to do everything it can to wrestle sizzling inflation back to lower levels. Fed Chair Powell said that inflation was putting the recovery at risk and he was prepared to raise interest rates by 0.50% increments if needed.

23-03-2022 12:43 GMT by Kenneth Fisher

Japanese yen steadies

March has been a sea of red for the Japanese yen, as USD/JPY has soared 5.04% this month. The currency is steady on Wednesday, after breaking above the 121 line earlier in the day. Rate differential weighing on yen The yen took a double-punch in the ribs on Tuesday, as USD/JPY jumped 1.14%.

23-03-2022 10:55 GMT by Kenneth Fisher

Pound slips as inflation surges

UK inflation outperforms The markets were bracing for inflation to accelerate in February, and the readings were even higher than expected. CPI hit 6.2% YoY, a new 30-year high.

23-03-2022 09:10 GMT by Kenneth Fisher

Oil surges, gold eases

Oil prices soar overnight Oil markets are a mess of volatility at the moment, along with my oil data feeds, as Brent crude and WTI endured another day of very choppy trading in a very wide intraday range. Brent crude gave back all its intraday gains, even after API Crude Inventories fell, to finish 1.85% lower at USD 114.50 a barrel.

23-03-2022 04:28 GMT by Jeffrey Halley

Pound jumps on strong mfg. data

GBP/USD has resumed its upswing after a quiet start to the week. GBP/USD is trading at 1.3261 in the North American session, up 0.75% on the day. It was just one week ago that the pound was in the dumps, falling to the symbolic 1.30 line.

22-03-2022 14:02 GMT by Kenneth Fisher

NZD soars despite drop in confidence

The New Zealand dollar is up sharply on Tuesday. In the North American session, NZD/USD is trading at 0.6943, up 0.83% on the day. NZ consumer sentiment falls sharply Westpac Consumer sentiment slowed for a third straight quarter, and the Q1 release showed a sharp drop, falling from 99.1 to 92.1.

22-03-2022 10:53 GMT by Kenneth Fisher

Yen slides on Powell, Kuroda comments

The Japanese yen's downswing is turning into a rout. USD/JPY has climbed a massive 1.16% today and briefly punched across the 121 line earlier in the day. Yen's slide continues The yen has extended its losses in what has become a miserable March for the currency.

22-03-2022 08:45 GMT by Kenneth Fisher

Oil prices jump, gold range-trading

Oil prices soar overnight Nerves broke in oil markets overnight, as the prospect of a European embargo on Russian oil, and reality dawning around Ukraine-Russia negotiations, sent oil prices soaring. Brent crude leapt 7.90% to USD 116.35 a barrel, with WTI rallying 7.0% to USD 112.00 a barrel.

22-03-2022 06:16 GMT by Jeffrey Halley

Powell lifts the US dollar

Aggressive Powell boost dollar A very hawkish Jerome Powell overnight lifted US yields across the curve and sent the US dollar higher, aided by some Ukraine tailwinds as negotiations between the warring states went quiet. The dollar index rose 0.25% to 98.47, adding another 0.31% to 98.79 in Asia as the Japanese yen slumped.

22-03-2022 05:49 GMT by Jeffrey Halley

Powell backpedals faster

Powell says Fed could become more aggressive Fed Chairman Jerome Powell set the cat amongst the pigeons overnight stating that the Federal Reserve could raise interest rates more aggressively to tame inflation if needed, not ruling out 0.50% increases if necessary. That is quite the volte-face from three months ago and really isn’t helping the feeling that the Fed is well behind the curve vis-à-vis inflation.

22-03-2022 05:13 GMT by Jeffrey Halley

EUR/USD - Any hope of a reversal?

Or will the downtrend continue? The euro has rebounded well against the dollar over the last week as risk appetite has modestly improved but it's already running into some trouble. The pair has been in a long-term downtrend and we could soon see if that is set to continue. It has run into resistance around 1.1150 where prior support and resistance coincides with the 50 fib level - February highs to March lows. This also coincides with the mid-point of the descending channel which altogether

21-03-2022 18:13 GMT by Craig Erlam

US Close: Powell ready for super sized hikes, Inversion focus as bonds selloff, Boeing 737 plane crashed in Southern China, Oil rises as calls for EU to ban Russian energy grow, Gold sideways as yields surge, Bitcoin holds $41k

US stocks had an uninspiring start to the trading week after Fed Chair Powell delivered another round of hawkish comments and as commodity prices surged on growing expectations the EU could consider an oil embargo on Russia this week. The harsh reality of faster rate rises is setting in for some traders and that could eventually lead to a taper tantrum which might happen alongside stagflation. Monetary policy is still accommodative for now, but that could quickly change if the Fed delivers a c

21-03-2022 16:34 GMT by Edward Moya

Euro drifting on lack of data

It has been a quiet start to the week, as the euro trades at 1.1040 in the North American session. There are no tier-1 events out of the eurozone or the US, so we can expect limited movement from EUR/USD for the remainder of the day. The US dollar had a rough week, as it retreated against the majors, with the exception of the Japanese yen.

21-03-2022 12:59 GMT by Kenneth Fisher

Dollar/yen closing in on 120 level

It was another dreadful week for the Japanese yen, which fell 1.60%. USD/JPY climbed as high as 119.39 on Friday, its highest level since February 2016.

21-03-2022 10:29 GMT by Kenneth Fisher

Cad. dollar posts best week of 2022

The Canadian dollar is coming off its best week of the year, in which it gained 1.14%. The currency has posted slight gains on Monday, dropping below the 1.26 line for the first time since late January. Retail sales rebound The Canadian dollar has extended its rally on Monday, after posting four straight winning days.

21-03-2022 08:10 GMT by Kenneth Fisher

Currency markets are ranging

Currency markets are ranging Currency markets had another choppy session on Friday, but ultimately, remained content to continue range trading. The US dollar rallied somewhat, despite US yields falling.

21-03-2022 05:53 GMT by Jeffrey Halley

GBPUSD - Drifts lower after Fed and BoE

OANDA Senior Market Analyst Craig Erlam talks about how GBPUSD is trading after the Fed and BoE both raised interest rates.

18-03-2022 19:32 GMT by Craig Erlam

Week Ahead - Accelerated tightening

The global economy is facing an incredible amount of uncertainty at the moment which is continuing to drive the volatility we're seeing in financial markets. Whether it's uncertainty around inflation, interest rates, commodity prices, Covid or Ukraine, the growth outlook has become extremely unclear and is constantly subject to significant revisions.

18-03-2022 15:27 GMT by Craig Erlam

US dollar retreat continue

Ukraine talks weigh on the US dollar Currency markets had a volatile session overnight, with most of the majors trading in quite large ranges. The intraday volatility is a symptom of a market that is searching for a unifying theme and finding it difficult to nail one down.

18-03-2022 04:42 GMT by Jeffrey Halley

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