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.

Market Insights Podcast (Episode 312)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. In today's episode, Asian markets were sprung a Shanghai Surprise (Not the Madonna movie) as Chinese authorities announced a rolling lockdown of the commercial heart of China to manage its omicron outbreak. We look at the impact on Asian markets today, notably equities and oil, as well as discuss China's "Covid-zero" policy.

28-03-2022 03:18 GMT by Jeffrey Halley

Shanghai surprise

It seems appropriate on Oscar’s day that one of the worst films ever made according to critics, Shanghai Surprise, is also dominating Asian markets today. In what was really not much of a Shanghai surprise, Chinese authorities announced over the weekend that Shanghai the city, would enter a two-stage lockdown to stymie surging covid cases and allow mass testing.

28-03-2022 03:16 GMT by Jeffrey Halley

Week Ahead - An encouraging recovery

Are investors correct to be optimistic? Investors appear remarkably calm at the moment given the level of uncertainty we're facing this year, from inflation to interest rates and even Covid, when you consider China is still embracing lockdowns. Throw soaring commodity prices into the mix and there's plenty of reason to be pessimistic. But when you look at financial markets, that isn't what we're seeing.

25-03-2022 17:51 GMT by Craig Erlam

US Close: OANDA - Stocks have another strong week, Oil turns positive after Aramco site hit, Gold edges lower, Bitcoin higher

US stocks posted another week of gains as investors watch developments in Russia’s war in Ukraine and as Fed rate hike expectations continue to grow. It seems the skyrocketing move higher with commodity prices has taken a break and that has allowed investors a chance to pile back into equities. Geopolitical risks remain very elevated and the rally in equities over the past two weeks is impressive.

25-03-2022 16:02 GMT by Edward Moya

Japanese yen rebounds

The Japanese yen has managed to stem the bleeding today, as USD/JPY is trading at 121.66, down 0.54%. USD/JPY climbed almost 1% on Thursday, breaking above the 122 line for the first time since December 2015. Yen pummelled by rate differential March has been miserable for the Japanese yen, which is down a staggering 5.83% this month.

25-03-2022 08:56 GMT by Kenneth Fisher

German business climate dives, euro shrugs

German Ifo Index slides The week wrapped up on a sour note out of Germany, as the Ifo Business Climate Index fell sharply in March. The headline reading came in at 90.8, down from 98.5 in February.

25-03-2022 07:13 GMT by Kenneth Fisher

Pound dips as retail sales contract

The British pound is slightly lower on Friday after disappointing numbers from retail sales and consumer confidence. UK retail sales, consumer confidence fall Consumers held tighter to their pocketbooks in February, as retail sales declined. The headline figure showed a decline of 0.3% MoM, after a gain of 1.9% in January.

25-03-2022 05:53 GMT by Kenneth Fisher

Currency markets remain in holding pattern

Currency markets looking for direction The currency space remained on the sidelines overnight, content to wait and watch for developments elsewhere for its next directional cues. The dollar index rose just 0.16% to 98.77.

25-03-2022 04:47 GMT by Jeffrey Halley

Asia markets mixed despite NY gains

Asian equities ignore New York to price in weekend risk Asian equities are having a mixed day once again, despite another sharp rally in New York overnight. The reasoning behind the rally in New York is tenuous, most especially, the EU declining to sanction Russian energy imports.

25-03-2022 04:37 GMT by Jeffrey Halley

Japan jaw bones USD/JPY Lower

Both Bank of Japan Governor Kuroda, and Minister of Finance Suzuki, have been on the wires this morning with the usual watching FX closely, FX stability important rhetoric. It is the first time in many years they’ve had to resort to this playbook as USD/JPY surged above 122.00 overnight as the US/Japan rate differential widened. The yen has been one of the largest casualties of a hawkish Federal Reserve, even as the rest of the currency space remains in fence-sitting denial.

25-03-2022 04:22 GMT by Jeffrey Halley

Dollar/Yen punches above 122

Yen slides close to 1 per cent The US dollar is pummelling the Japanese yen, as USD/JPY trades at 122.31 in the North American session, up 0.97% on the day. USD/JPY hasn't been at these levels since December 2015.

24-03-2022 14:34 GMT by Kenneth Fisher

Swiss franc steady after SNB meeting

In this topsy-turvy new world of ours, it's reassuring to know that some things stay the same. For example, the Swiss National Bank, which maintained its expansionary monetary policy at today's policy meeting.

24-03-2022 11:28 GMT by Kenneth Fisher

British pound stabilizes at 1.32

The British pound has shown some volatility this week but is flat on Thursday. In the European session, GBP/USD is trading at the round number of 1.3200. The currency markets have been taking a breather and sticking to the sidelines.

24-03-2022 07:35 GMT by Kenneth Fisher

Euro holds steady at 1.10

EUR/USD is calm, trading on both sides of the 1.1000 level. In the European session, the currency is at 1.0988. Roubles only, please The euro continues to trade in choppy waters, unable to maintain any momentum due to the uncertainties over the war in Ukraine.

24-03-2022 06:30 GMT by Kenneth Fisher

Oil surges, lower US yields boost gold

Oil prices soar overnight Russian President Putin shocked the energy markets on Wednesday when he directed that payments for Russian natural gas by “unfriendly nations” must be paid for in roubles. The announcement and the full closure of the Caspian Pipeline Consortium’s (CPC) pipeline by Russia sent European natural gas prices 30% higher, and also aggressively lifted crude prices, helped by lower official US Crude Inventories.

24-03-2022 05:35 GMT by Jeffrey Halley

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

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