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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.

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Chasing tails
It was another messy session overnight with energy, equities, precious metals and currencies trading in wide choppy ranges, diverging in price direction, with no unifying sense of theme emerging. Markets are trying to make sense of a hawkish FOMC that announced a dovish rate hike and believes it can tighten aggressively while maintaining growth.
18-03-2022 04:18 GMT by Jeffrey Halley
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EUR/GBP - Can it break the downtrend?
Or are we heading for pre-Brexit vote levels again? The euro has been performing relatively well against the pound recently after a prolonged downward spiral going back to late 2020, but can it keep it up? The pair was given another boost by the Bank of England on Thursday, despite the MPC agreeing on a third consecutive rate hike taking the base rate to 0.75%. What weighed on the pound - and therefore lifted this pair - was the fact that one policymaker, Deputy Governor Jon Cunliffe, voted ag
17-03-2022 13:28 GMT by Craig Erlam
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British pound slips after BoE rate hike
GBP/USD is down 0.28% on Thursday, trading just above the 1.31 line in the North American session. BOE raises rates but sterling falters The Bank of England raised rates by 0.25%, as was widely expected. This was an unprecedented third straight hike from the BoE, but the new record failed to impress investors, as the pound rose steadily prior to the hike, only to fall by 0.8% after the rate move. Why the sour grapes from the markets after a rate hike?
17-03-2022 10:22 GMT by Kenneth Fisher
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Australian dollar punches above 73 line
The Australian dollar has posted strong gains for a second straight day. In the European session, AUD/USD is trading at 0.7338, up 0.65% on the day. We continue to see strong volatility from the Australian dollar.
17-03-2022 09:18 GMT by Kenneth Fisher
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Asia, once again, buys the oil dip
Oil prices held steady overnight, led by the perception of diminishing Ukraine risks and a positive meeting between the leaders of Saudi Arabia and the United Kingdom. The platitudes handed out to Boris Johnson in Riyadh conveniently overlook the fact that the Saudis are committed to OPEC+ and are not able to unilaterally boost production within that framework.
17-03-2022 06:28 GMT by Jeffrey Halley
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US dollar bashed by Ukraine hopes
US dollar falls on China, Ukraine In behaviour reminiscent of equity markets overnight, the US dollar staged a full retreat as stimulus hopes out of China, and an apparent Ukraine agreement inching closer to reality saw a mass exodus out of haven positioning and into full risk-seeking mode. The dollar index fell 0.62% to 98.40 where it remains this morning.
17-03-2022 05:35 GMT by Jeffrey Halley
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Fed React: Powell is finally ready to take on inflation, Retail Sales revisions, Oil lower, Gold tumbles, Bitcoin higher
US stocks went on a rollercoaster ride after a hawkish FOMC statement initially sent risky assets lower, but then turned positive after Fed Chair Powell tentatively convinced markets they will not be too late with fighting inflation. Much of today went as expected with the Fed raising rates by 25 basis points and addressing how the war in Ukraine is driving additional inflationary pressures. The Fed’s 2022 forecast for inflation was raised from 2.6% to 4.3%.
16-03-2022 15:49 GMT by Edward Moya
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NZD extends gains ahead of GDP, FOMC meeting
The New Zealand dollar has extended its gains for a second straight day. NZD/USD is trading just above the 0.68 line in the North American session. All eyes on Federal Reserve The Federal Reserve is poised to raise rates by 0.25% at today's meeting.
16-03-2022 13:17 GMT by Kenneth Fisher
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Canadian dollar rises as CPI surges
The Canadian dollar has extended its gains into a second day. In the North American session, USD/CAD is trading at 1.2697, down 0.52% on the day. Canada's inflation accelerates   Canada's inflation rate shows no signs of slowing down.
16-03-2022 10:16 GMT by Kenneth Fisher
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The US dollar remains firm
Dollar steady ahead of FOMC meeting Currency markets are refusing to buy into the Ukraine talks or a more dovish FOMC story, with the US dollar maintaining its recent gains versus the majors and continuing to grind higher versus key Asian currencies. The dollar index was almost unchanged at 99.01 overnight, although it traded in a choppy 40 point range, easing only slightly to 98.89 in Asia today.
16-03-2022 05:32 GMT by Jeffrey Halley
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Euro rises, flirts with 1.10
The euro has gained ground for a second straight day and broke above the symbolic 1.10 line before retreating. German economic sentiment slides German ZEW Economic Sentiment took a plunge in March, falling from 54.3 to -39.3. The massive decline of 93.6 points was the sharpest on record.
15-03-2022 12:35 GMT by Kenneth Fisher
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Aussie stems slide
The Australian dollar has finally managed to stem the bleeding on Tuesday, after two days of sharp losses. In the North American session, AUD/USD is trading at 0.7225, up 0.56% on the day. With the war continuing to rage in Ukraine, markets remain fragile and risk apprehension is high.
15-03-2022 10:13 GMT by Kenneth Fisher
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Pound higher on strong UK job data
GBP/USD has rebounded on Tuesday after sharp employment numbers. The pound came within a whisker of the symbolic 1.30 line on Monday, dropping to a low of 1.3001. UK employment data outperforms The markets were forecasting good news from the UK employment report, and the data exceeded markets expectations.
15-03-2022 08:25 GMT by Kenneth Fisher
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Oil prices slump in Asia
Oil down over Ukraine hopes, FOMC Oil prices slumped again overnight in New York and have done so again in Asia today. Growth concerns from the Ukraine-Russia stagflation wave, and FOMC hike this week, and hopes that progress will be made in Ukraine-Russia negotiations has seen Brent prices fall nearly USD 40 over the past few sessions.
15-03-2022 05:51 GMT by Jeffrey Halley
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The US dollar rises versus Asia
Rising US yields boost US dollar The US dollar held steady versus most majors overnight, with reduced haven flows on Ukrainian hopes offset by rising US yields. The dollar index finished 0.04% lower at 99.09, before easing another 0.25% to 98.835 in Asia.
15-03-2022 05:40 GMT by Jeffrey Halley
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GBP/USD - Testing support ahead of Fed and BoE
Can it break lower? The pound has been trending lower against the dollar since the Russian invasion of Ukraine as traders have sought the safety of the greenback in times of stress. But what's interesting in recent days is that while market sentiment has improved, the pair has continued to slide. And with it now approaching 1.30 - a major historical psychological barrier - ahead of both the Fed and BoE meetings this week, what's next for the pair? For a bit of context, both central bank
14-03-2022 16:04 GMT by Craig Erlam
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Pound stops the slide
GBP/USD is steady at the start of the week. The pound fell 1.51% last week, marking a third straight week of sharp losses Earlier in the day, GBP/USD touched a low of 1.3009,  as it struggles to remain above the psychologically important 1.30 line, which has held since November 2020. UK job data expected to improve The UK releases key job numbers on Tuesday, with expectations of a strong release.
14-03-2022 12:59 GMT by Kenneth Fisher
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New Zealand dollar under pressure
The New Zealand dollar is down slightly at the start of the week, after falling sharply in the Friday session. NZD/USD is trading at the 0.68 line in European trade. NZ dollar eyes Services PMI We'll get a look at New Zealand Services PMI later in the day.
14-03-2022 08:18 GMT by Kenneth Fisher
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