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.

Back to winning ways

How sustainable is it? Another positive session in equity markets as bargain hunters are tempted back in to cap off the first winning week in eight in the US. It's been a rough ride and despite this week's performance, there could still be more pain to come. But at these levels, it's only natural that the vultures are circling.

27-05-2022 17:19 GMT by Craig Erlam

AUD hits 3-week high, retail sales climb

The Australian dollar is showing strong gains today. In the European session, AUD/USD is trading at 0.7145, up 0.66% on the day. Australia released retail sales earlier today, salvaging what had been a lacklustre week for Australian releases.

27-05-2022 08:03 GMT by Kenneth Fisher

Canadian dollar higher on retail sales

The Canadian dollar hasn't made any spectacular daily gains since May 13th, when it shot up 1.1%. The currency has, however, made slow but steady progress against its US cousin.

27-05-2022 07:24 GMT by Kenneth Fisher

Improved risk sentiment sends USD lower

US dollar stuck in choppy waters The choppy range trading of the past few session continued overnight as the US dollar swung on day-to-day moves in risk sentiment. A powerful session by Wall Street, along with almost unchanged closes in US bond markets saw improved risk sentiment send the greenback lower overnight.

27-05-2022 06:28 GMT by Jeffrey Halley

Oil rallies, gold trades sideways

Oil rallies sharply Oil prices rallied sharply overnight as markets continued to fret over tight US galena and diesel supplies ahead of the summer driving season. News that President Biden is investigating restarting mothballed US refineries had zero impact on markets.

27-05-2022 06:25 GMT by Jeffrey Halley

Friendly Friday

Asian equities move higher Asian markets have begun the day in an altogether positive mode after Wall Street outperformed overnight. Driving the equity rally were good results from department store retailers, notably high-end ones.

27-05-2022 04:55 GMT by Jeffrey Halley

AUD drifting ahead of retail sales

The Australian dollar started the week with gains of close to one percent, but has been mostly drifting since then. AUD/USD is trading quietly, just below the 0.71 line. It hasn't been a very good week on the Australian release front, raising concerns that the economy may be slowing down.

26-05-2022 10:20 GMT by Kenneth Fisher

Oil steady, gold dips as US dollar rises

Oil markets slumber Oil prices had another comatose session by their standards, barely rising from the day before. Nevertheless, both Brent crude and WTI have held on to all their recent gains, suggesting the weaker side is the upside in prices for now.

26-05-2022 06:13 GMT by Jeffrey Halley

Currency markets are quiet

US dollar edges higher after FOMC minutes The US dollar staged a modest relief rally overnight after the FOMC Minutes came out. Nevertheless, some decent ranges were seen across the majors.

26-05-2022 06:06 GMT by Jeffrey Halley

Oil higher, gold pares losses after minutes

Oil Crude prices were little changed after the EIA crude oil inventory report showed stockpiles are declining again as refiner activity picked up. The Strategic Petroleum Reserve saw a big draw of 6 million barrels, with crude stocks now at the lowest levels in over thirty years.

25-05-2022 16:14 GMT by Edward Moya

Fed minutes confirm half-point hike expectations for next 2 meetings, another round of soft US data, RBNZ hikes again, bitcoin stuck below USD 30k

US stocks edged higher as investors anticipate a quickly weakening economy will force the Fed into tapping the breaks with their tightening cycle. The FOMC minutes are over three weeks old, but they did give a glimmer of hope that they could adjust their policy tightening stance later in the year. The Fed mostly sees 50 basis point increases appropriate at the next couple of meetings as they are behind the curve with fighting inflation. The Fed is optimistic about the economy, but they are

25-05-2022 16:11 GMT by Edward Moya

Swiss franc rally takes a breather

Swiss banks are traditionally known for avoiding publicity, and the same can be said for the Swiss franc, which is usually fairly steady and doesn't make the headlines. Earlier this month, however, the Swissie hit a milestone, as it achieved parity with the US dollar, the first time that's happened since December 2019. Swiss franc flirts with parity The Swiss franc was steamrolled by the US dollar in April, as USD/CHF surged by 5.48%, its best one-month performance since May 2012.

25-05-2022 11:50 GMT by Kenneth Fisher

Euro rally hits a wall

Euro falls sharply The euro has reversed directions on Wednesday and is sharply lower. In the European session, EUR/USD is trading at 1.0663, down 0.67% on the day.

25-05-2022 09:27 GMT by Kenneth Fisher

NZ dollar jumpy after RBNZ decision

The New Zealand dollar is almost unchanged on Wednesday. NZD/USD posted strong gains in the Asian session but has surrendered most of those gains. RBNZ shows hawkish teeth The Reserve Bank of New Zealand delivered on expectations, with a 0.50% rate hike which brings the cash rate to 2.0%, its highest level since 2016.

25-05-2022 06:54 GMT by Kenneth Fisher

Oil and gold head higher

White House unnerves oil markets Oil prices continued to range trade overnight, finishing almost unchanged in New York. Asia, though, has seen both Brent crude and WTI rise.

25-05-2022 05:33 GMT by Jeffrey Halley

US dollar’s orderly retreat continues

Recession jitters send US dollar lower The US dollar eased once again overnight, as US recession fears continue to lead to a repricing lower of Fed tightening expectations. With quantitative tightening starting next week and no signs of inflation falling, that may be more hope than reality.

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

Least worst choices

RBNZ hikes by 50-bps The Reserve Bank of New Zealand has raised policy rates by 0.50% to 2.0% this morning, with Governor Orr setting a hawkish tone in the press conference afterwards. In the statement itself, the RBNZ’s “least worst choices” policy seemed to imply that although external risks remained, the domestic economy was strong and could tolerate tighter monetary conditions.

25-05-2022 04:32 GMT by Jeffrey Halley

Japanese yen rises on strong BoJ CPI

After several days of trading sideways, the yen has posted strong gains on Tuesday. In the North American session, USD/JPY is trading at 126.58, down 1.02% on the day.

24-05-2022 13:12 GMT by Kenneth Fisher

USD/JPY - Head and shoulders breakout?

Major correction on the cards? The rally in USDJPY from early March to early May was huge, driven by a combination of a soaring greenback and a BoJ determined to support its yield curve control policy tool. But the last couple of weeks have brought some relief in the pair, driven primarily by the dollar paring gains against the broader market. And the pair may have just broken below an interesting technical support level that could signal a more significant correction. A head and shoulders a

24-05-2022 11:34 GMT by Craig Erlam

EUR/GBP - Further gains to come?

Hawkish ECB boost the single currency The euro has caught a strong bid against the pound in recent days on the back of some very hawkish commentary from the ECB and poor economic data in the UK. The ECB will become the latest central bank to concede on the inflation argument and raise rates in July and September, as per President Christine Lagarde's blog, although some support an even more aggressive approach. That's boosted the euro at a time when the UK economy is facing the prospect of a r

24-05-2022 11:05 GMT by Craig Erlam

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