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 on talk of Biden/Putin meet

US/Russia summit lifts FX risk sentiment Most of the major currencies appear to be around their year-end levels as the end of the month approaches, having weathered a US dollar storm over the first five weeks of 2022. The prospect of interest rate rises outside of the US, and a stubborn long end of the US curve has seen the US dollar retreat in the past two weeks, as the kitchen sink buy-US dollar-trade was slowly squeezed out.

21-02-2022 04:19 GMT by Jeffrey Halley

The kitchen sink trade passed sooner than expected

A belated good morning from Jakarta where I am on day two of managed isolation and where, unfortunately, my hotel room’s internet ceased functioning last night. Back home in New Zealand, it’s been nearly two months since I looked at the markets closely, but the effects of the pandemic behind the Great Wall of Jacinda have been clear to see and most certainly have played out similarly in other parts of the world. The ham-fisted quantitative easing by the Reserve Bank of New Zealand has caused on

21-02-2022 04:03 GMT by Jeffrey Halley

Pound steady as retail sales rebound

UK retail sales bounce back UK retail sales rebounded in January, with a gain of 1.9% m/m, its highest monthly gain since April 2021. The increase followed a decline of 4.0% in December and beat the consensus of 1.0%.

18-02-2022 04:22 GMT by Kenneth Fisher

Japanese yen rises on Ukraine fears

The Japanese yen has moved higher on Thursday, as tensions are once again rising over the Ukraine crisis. Ukraine crisis escalates Invasions fears have ratcheted upwards, after NATO warned that Russia could use a border skirmish as a pretext for a full-scale invasion of Ukraine. The US has rejected Moscow's claim that it is reducing its military presence on the border and Russia expelled a senior US diplomat from Moscow earlier in the day.

17-02-2022 11:32 GMT by Kenneth Fisher

Sterling extends gains

The British pound has posted gains for a third straight day and punched above the 1.36 line. In the European session, GBP/USD is trading at 1.3616, up 0.25% on the day. A busy week in the UK wraps up on Friday with the release of January retail sales.

17-02-2022 08:36 GMT by Kenneth Fisher

Cdn. dollar dips after FOMC minutes

Canada's inflation hits 30-year high Inflation continues to rise and hit a new 30-year high in January. Headline inflation jumped 5.1% y/y, up from 4.8% a month earlier and above the consensus of 4.8%.

17-02-2022 06:33 GMT by Kenneth Fisher

Aussie shrugs after positive jobs report

Australia's employment report for January was better than expected, but the Australian dollar didn't respond to the positive news. The economy added 12.9 thousand jobs, beating the consensus of a flat zero reading. Unemployment was unchanged at 4.2%, while the participation rate inched upwards to 66.2%, up from 66.1% and above the consensus of 66.0%.

17-02-2022 05:00 GMT by Kenneth Fisher

Japanese yen drifting, Fed minutes next

The Japanese yen continues to have a quiet week and is trading at 115.46 in the North American session, down 0.12% on the day. What next for Ukraine? The US dollar enjoyed a boost earlier in the week as tensions between Russia and the West reached a fever pitch. Now that the situation has stabilized somewhat, investors are breathing easier and the dollar has lost ground.

16-02-2022 10:26 GMT by Kenneth Fisher

Euro steady as Ukraine takes a breath

The euro is flat on Wednesday, as investors keep a close eye on developments on the Ukraine/Russia border. The euro has been acting as a barometer of the crisis, and the currency's lack of movement today reflects a lack of clarity on the part of the markets as to what will happen next. Russia says that it has moved some troops away from attack positions, but the US says there is no proof of this.

16-02-2022 09:43 GMT by Kenneth Fisher

Canadian dollar eyes CPI

Canada's CPI report looms Inflation remains the bane of the economy for many industrialized nations, and Canada has not been immune to this trend. CPI took a step backwards in December, with a reading of -0.1% m/m. However, inflation is expected to have jumped in January, with a consensus of a strong gain of 0.6%.

16-02-2022 07:09 GMT by Kenneth Fisher

Pound edges higher as UK CPI rises

UK inflation rises to 5.5% UK consumers continue to feel the cost-of-living squeeze, as inflation climbed to its highest level in 30 years. January CPI rose to 5.5% y/y, up from 5.4% in December and ticking above the consensus of 5.4%.

16-02-2022 04:59 GMT by Kenneth Fisher

Canadian dollar flat, CPI next

It has been a quiet week for the Canadian dollar, despite the crisis between Ukraine and Russia, which has captivated the world's attention. The lack of movement could change on Wednesday, as Canada releases the inflation report for February. Canada CPI expected to rise Canada's CPI looked weak in December, with a reading of -0.1% m/m.

15-02-2022 09:58 GMT by Kenneth Fisher

Euro rebounds as Ukraine tensions ease

The euro has reversed directions on Tuesday, ending a mini-slide that saw the currency drop over 1%. EUR/USD is trading at 1.1353 in the European session, up 0.41% on the day. For those investors getting a headache from non-stop coverage of the Ukraine crisis on BBC or CNN, may I suggest an alternative.

15-02-2022 08:59 GMT by Kenneth Fisher

Pound edges higher as wages jump

Wage growth a warning sign for BoE The UK employment report showed a slight rise in wage growth, raising fears of a wage-inflation spiral, as the country struggles with inflation at its highest level in 30 years. Wage growth rose to 4.3% in Q4, up from 4.2% beforehand and well above the consensus of 3.8%. The upshot is that even though wage growth is rising, real wages are actually falling because inflation is running at a much higher clip than wage growth.

15-02-2022 06:07 GMT by Kenneth Fisher

Aussie rises after optimistic RBA minutes

The Australian dollar has reversed directions and is in positive territory on Tuesday. AUD/USD is trading at 0.7154 in the European session, up 0.37% on the day. RBA preaches patience on rate hikes The RBA released the minutes of the February meeting earlier today, providing a welcome distraction from the incessant news from the Ukraine.

15-02-2022 04:37 GMT by Kenneth Fisher

Euro extends losses on Ukraine crisis

The euro has started the week in negative territory, after sharp losses on Friday. EUR/USD is struggling to remain above the 1.13 level. Last ditch efforts to avert war The crisis on the Ukraine/Russia border has reached a fever pitch, with the US saying it expects an invasion as early as Wednesday.

14-02-2022 11:57 GMT by Kenneth Fisher

Pound dips as employment data looms

The pound is down at the start of the week, ahead of the January data report on Tuesday. In the European session, GBP/USD is trading at 1.3551, down 0.31% on the day.

14-02-2022 10:58 GMT by Kenneth Fisher

Aussie weakens as risk appetite slides

The Australian dollar slide continues. AUD/USD is down 0.53% at the start of the week and has fallen below the 0.71 level. Ukraine crisis at fever pitch War in Europe?

14-02-2022 07:39 GMT by Kenneth Fisher

Yen extends gains on Ukraine tensions

The yen has started the trading week with gains, with USD/JPY trading just above the 115 line in the European session. Yen rises on Ukraine worries The crisis on the Ukraine/Russia border continues to dictate movement in the global financial markets. Hopes that the situation might be solved diplomatically deteriorated after the US said it expected an invasion on Wednesday and ordered military and diplomatic personnel to evacuate Ukraine.

14-02-2022 04:55 GMT by Kenneth Fisher

GBP/USD - Can it break 1.37?

A major barrier of resistance The next week could be really interesting for cable, with the Fed and BoE being among the two most aggressive central banks and inflation in both countries continuing to rise rapidly. The pair ran into resistance last month around 1.37, where the 200/233-day SMA band crossed the 50 fib level to provide a considerable barrier of resistance. It's been on the rise again over the last couple of weeks but the past five days has seen more volatility than direction. B

11-02-2022 14:57 GMT by Craig Erlam

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