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.

US Close: Stocks edge lower, ADP in-line, Oil pares gains as gas demand continues to fall, Gold rallies as de-escalation optimism fades, Bitcoin hovers

US stocks declined as investors watched March inflation skyrocket in Europe, while waiting for any progress towards a Russia-Ukraine ceasefire deal. Stocks are going to have trouble rallying as geopolitics and inflation risks won't be going away anytime soon.

30-03-2022 15:52 GMT by Edward Moya

Pound gains ground on broad USD retreat

The British pound is finally in positive territory, after a nasty slide over most of the past week. In the North American session, GBP/USD is trading at 1.3145, up 0.39% on the day. On Thursday, the UK releases Final GDP for the fourth quarter, which is expected to confirm the initial reading of 1.0%.

30-03-2022 12:22 GMT by Kenneth Fisher

NZ bus. confidence soft, but NZ dollar rises

The New Zealand dollar has extended its rally as it closes in on the symbolic 70 level. In the European session, NZD/USD is trading at 0.6975, up 0.59% on the day. NZ business confidence remains ice cold Business confidence for March posted a reading deep in negative territory.

30-03-2022 10:09 GMT by Kenneth Fisher

Oil and gold pare losses

Lots of noise, little substance for oil Oil prices did the Neville Chamberlain's “peace in our time” gag reflex overnight after Russia’s “reduced operations” comments. Oil prices traded in a 10-dollar range and initially tumbled after the announcement, Brent crude touching USD 105.00, and WTI USD 98.50 a barrel.

30-03-2022 04:19 GMT by Jeffrey Halley

Dollar falls on higher risk sentiment

Ukraine talks weigh on dollar The US dollar retreated overnight, led by USD/JPY which collapsed to 122.00. Hopes of an improvement in the Ukraine situation, after comments by Russia also lifted market sentiment, reducing the US dollar's haven bid.

30-03-2022 04:10 GMT by Jeffrey Halley

Asia equities are mostly higher

Ukraine talks spark equity stampede The first sign of good news, no matter how tenuous, from the Ukraine-Russia talks resulted in a mass stampede into equities with the FOMO gnomes pricing in “peak-Ukraine.” European markets soared and the rally continued into New York, where excellent data and lower US yields boosted sentiment. The S&P 500 closed 1.23% higher, the Nasdaq jumped by 1.84%, and the Dow Jones finished 0.97% higher.

30-03-2022 03:49 GMT by Jeffrey Halley

USD/JPY - Running into major resistance

Interventions on the way? The rally in USD/JPY has massively accelerated in recent weeks as markets and the Fed have become increasingly hawkish on US interest rates. This has happened at a time when many central banks are heading in that direction, even the ECB which at one point looked years away from interest rates above 0%. While they haven't yet conceded on the kind of rate hikes that the markets are pricing in, they're certainly heading in that direction. The BoJ is the outlier here.

29-03-2022 12:03 GMT by Craig Erlam

Euro surges on Ukraine talks

It's been a dramatic afternoon, as EUR/USD has rocketed in the North American session, gaining 1.16%. The pair is currently trading just above the 1.11 level. Euro flies as peace talks show progress The euro has been showing limited movement for a week, which led me to caption Monday's post as, "Euro looking for direction".

29-03-2022 09:49 GMT by Kenneth Fisher

Ceasefire talks lift stock markets

Stock markets across Europe are rallying on Tuesday, buoyed by positive noises coming from Turkey where Ukraine and Russia may be nearing a ceasefire agreement. While there are reportedly still plenty of gaps in the demands of the two teams, there appear to have been compromises found on some big issues including Ukraine's previous ambitions of NATO membership. The next couple of days could be crucial but the signs are promising which we're seeing reflected in the markets today. There has been

29-03-2022 08:39 GMT by Craig Erlam

Aussie shrugs despite strong retail sales

Australian retail sales outperform Australian retail sales posted a 1.8% gain for a third straight month. The February release beat the consensus estimate of 1.0% and is a further indication that the economic recovery continues. The Australian dollar has sparkled in March, gaining 3.20%.

29-03-2022 07:54 GMT by Kenneth Fisher

Japanese yen settles down

The Japanese yen has stabilized on Tuesday, after starting the week with sharp losses. USD/JPY is trading at 123.60 in the European session. Yen flirts with 125 line The yen took investors on a wild ride on Monday.

29-03-2022 06:14 GMT by Kenneth Fisher

Oil sinks on China concerns, gold tumbles

China worries push oil lower An already nervous oil market saw prices slump overnight as a lack of two-way liquidity in futures markets exacerbated China’s consumption outlook as the lockdown of Shanghai was tightened. Brent crude fell by 8.20% to USD 109.50, while WTI fell by 8.15% to USD 103.45 a barrel.

29-03-2022 04:45 GMT by Jeffrey Halley

US yields support dollar strength

US yields continue underpinning US dollar strength with the dollar index rising by 0.32% to 99.12 overnight, where it remains in Asia today. Weakness in the yen also helped lift the dollar index which traded as high as 99.36 intraday.

29-03-2022 04:34 GMT by Jeffrey Halley

Lower oil lifts Asian equities

New York had a mixed session overnight. Energy and financial sectors suffered as oil prices fell and the US yield curve inversions continued.

29-03-2022 04:28 GMT by Jeffrey Halley

China lockdowns sink oil

China’s Covid-19 lockdown of Shanghai saw oil prices slump overnight, as investors fretted about more sweeping containment measures, which would negatively impact China's energy consumption. Brent crude and WTI plummeted over 8.0% in overnight trading, although the rot had started earlier in the day in Asia.

29-03-2022 04:04 GMT by Jeffrey Halley

Oil slumps ahead of OPEC+, gold dips

Oil slides ahead of OPEC+ meeting Oil prices are down more than 7% at the start of the week, wiping out almost all of last week's gains, as ceasefire talks and Chinese lockdowns take some of the pressure out of the market. Prices have become very elevated and are susceptible to further spikes as Europe looks to pivot away from Russia and sanctions bite. The fact that Russia and Ukraine are holding negotiations doesn't guarantee we'll see any substantial progress as we've seen all too often in

28-03-2022 13:11 GMT by Craig Erlam

Aussie dips ahead of retail sales

Aussie slips below 0.75 line After a strong week, the Australian dollar has reversed directions and dropped below the 0.75 line on Monday. Investors will be keeping an eye on Australian retail sales, which will be released on Tuesday.

28-03-2022 10:03 GMT by Kenneth Fisher

Euro looking for direction

The euro has shown limited movement over the past several days and that trend has continued on Monday. EUR/USD is almost unchanged, trading at 1.0985 in the European session.

28-03-2022 07:37 GMT by Kenneth Fisher

Dollar yen - up, up and away

The misery continues for the Japanese yen, which has plummeted at the start of the week USD/JPY is trading at 124.62 in the European session, up 2.06%. BoJ move sinks yen USD/JPY broke above the symbolic 125 line in the European session, as the yen is seeing all red today. The yen was hammered after the BoJ rushed to defend its yield target today, making two offers to buy unlimited 10-year JGBs at 0.25%, an implicit ceiling for 10-year bonds.

28-03-2022 05:46 GMT by Kenneth Fisher

Oil falls on China fears, gold eases

China worries push oil lower Oil prices consolidated their week’s gain on Friday, Brent crude closing at USD 119.25, and WTI closing at USD 112.65 a barrel. The Shanghai rolling lockdowns have prompted some consumption fears in China and pushed oil prices lower today.

28-03-2022 04:11 GMT by Jeffrey Halley

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