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.

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

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

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

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

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

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

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

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

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

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

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

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

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

Australian dollar slips to 2-week low

The Australian dollar continues to lose ground. After falling 0.91% on Friday, AUD/USD is down 0.68% on Monday and is trading at 0.7238.

14-03-2022 09:52 GMT by Kenneth Fisher

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

The US dollar rallies strongly

Investors eye FOMC rate hike The US dollar’s rapid recovery continued Friday as investors turned to how hawkish the FOMC will be, the US yield curve continued flattening, and investors loaded up on weekend risk protection. The dollar index rallied 0.60% to 99.12 on Friday, rising to 99.17 in Asia.

14-03-2022 05:30 GMT by Jeffrey Halley

EUR/USD - Struggles after ECB

OANDA Senior Market Analyst Craig Erlam discusses EURUSD in the aftermath of the ECB meeting.

11-03-2022 13:46 GMT by Craig Erlam

Week Ahead - Central banks

It's been another volatile week in financial markets with events in and around Ukraine continuing to dominate. Sentiment is still very headline-driven and an enormous amount of uncertainty remains around the outcome of talks between Ukraine and Russia and the sanctions being imposed on the latter by the West.

11-03-2022 13:12 GMT by Craig Erlam

NZ dollar dips despite strong mfg. data

The New Zealand dollar's mini-rally has come to a halt, as NZD/USD has posted slight losses. In the North American session, NZD/USD is trading at 0.6845, down 0.21% on the day. NZ Manufacturing PMI expands New Zealand's manufacturing sector posted strong numbers this week.

11-03-2022 09:11 GMT by Kenneth Fisher

Canadian dollar eyes job data

Will Canadian job data boost loonie? It's been a busy week for the Canadian dollar. USD/CAD started the week with strong gains, but the Canadian dollar has clawed back and recovered most of those losses. The week will wrap up with the Canadian employment report for February.

11-03-2022 06:56 GMT by Kenneth Fisher

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