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.

Pound extends losses to 4-week low

The US dollar has posted strong gains against the majors on Thursday, and GBP/USD has fallen 0.64% on the day, trading below the 1.34 line. It has been a dismal week for the pound, which has lost 1.29% in value. Powell powers the US dollar upwards The FOMC didn't make any changes to policy at Wednesday's meeting, but what the Fed said and didn't say was enough to cause more volatility in the fragile financial markets.

27-01-2022 12:38 GMT by Kenneth Fisher

Euro rattled as Fed sends hawkish message

What started off as a calm week has turned into a rout. The euro is down 0.83% in the North American session and has fallen into 1.11 territory for the first time since June 2020.

27-01-2022 09:23 GMT by Kenneth Fisher

BoC and Fed send CAD for a ride

USD/CAD has edged higher on Thursday and briefly pushed above the 1.27 line for the first time in three weeks. The Canadian dollar continues to lose ground and is down 1% this week. Wednesday was a busy day on the central bank watch, with both the Bank of Canada and the Federal Reserve holding meetings. The BoC meeting was live, with analysts split as to whether the bank would raise rates.

27-01-2022 07:18 GMT by Kenneth Fisher

NZD falls to 11-week low on hawkish Fed

The New Zealand dollar is in negative territory on Thursday, after posting five straight losing sessions. In the Asian session, NZD/USD fell below the 0.66 line for the first time since November 2nd and is down 0.40% on the day. New Zealand CPI hits 5.9% New Zealand consumer inflation surged to 5.9% in Q4, up from 4.9% in the third quarter.

27-01-2022 05:34 GMT by Kenneth Fisher

Fed and BOC Day: Fed sets up March Liftoff, Balance Sheet later, BOC holds

Fed Day: US stocks gave up earlier gains as Treasury yields surged after Fed Chair Powell signaled they will use their tools to make sure inflation does not become entrenched, paving the way for a March liftoff. Earlier, the stock market may have gotten too pessimistic and priced in too much of a slowdown that was going to come from an aggressive Fed tightening cycle.

26-01-2022 16:04 GMT by Edward Moya

GBPCAD - Jumps as BoC resists raising rates

No breakout yet, though The pound has been range-bound against the Canadian dollar for the last week and that remains the case so far today, despite the Bank of Canada holding off on raising interest rates. It had been expected to start the tightening cycle today, with the market's pricing in up to five more over the course of the year after inflation hit a 30-year high and the labour market improved. But with the central bank taking a more patient approach and instead laying the foundations

26-01-2022 11:58 GMT by Craig Erlam

Pound steady ahead of FOMC

The British pound has ticked higher, trading just above the 1.35 line in the North American session. We could see stronger movement from GBP/USD later today, after the release of the FOMC policy decision. The British pound is sensitive to risk, so a strong reaction from the financial markets will likely be reflected in the pound's movement as well. Investors are keeping both eyes on the FOMC policy meeting, although policy makers are not expected to make any changes in monetary policy.

26-01-2022 11:44 GMT by Kenneth Fisher

NZ dollar flat ahead of CPI and the Fed

It has been a quiet week for the New Zealand dollar, but that could change later in the day, with two key releases. The Federal Reserve holds a policy meeting and New Zealand releases CPI for the fourth quarter. The currency markets have been steady this week, in contrast to the equity markets, which have seen sharp drops ahead of today's FOMC meeting, the first in 2022.

26-01-2022 09:46 GMT by Kenneth Fisher

Canadian dollar rises ahead of BoC decision

The Canadian dollar is usually sleepy before the North American session. Today has been unusual, with the currency showing recording steady gains in the Asian and European sessions.

26-01-2022 05:53 GMT by Kenneth Fisher

Euro drifting ahead of FOMC meeting

The euro continues to have a quiet week and is trading just shy of the 1.13 level. All eyes on FOMC It has been a calm week for the euro, but that could change later today when the FOMC releases its policy decision. Fed policy makers are in an unenviable position, as they strive to find that proper balance between responding to the inflation threat while also being careful not to be overly aggressive in raising interest rates. If the markets feel that the Fed has not achieved this delicate ba

26-01-2022 04:08 GMT by Kenneth Fisher

Gold rally, oil higher on geo risks

Gold/FX Gold is rallying as investors run to safety over fears the Fed will aggressively tighten policy and as the list of geopolitical risks continues to grow: The Russian-Ukraine standoff will remain a tense situation for the foreseeable future, North Korea may resume nuclear tests, and Iran nuclear talks are approaching a decisive moment. The dollar edged higher as the Treasury steadied into the start of the two-day FOMC policy meeting. Oil rises over Russia/Ukraine jitters Geopolitical r

25-01-2022 15:21 GMT by Edward Moya

Euro falls, German business climate rebounds

The euro has fallen below the 1.13 level in Tuesday trade. EUR/USD is trading at 1.1266 in the North American session, down 0.55% on the day. Risk appetite down, greenback up The US dollar is higher against all the majors except for the yen, as risk sentiment has taken a tumble.

25-01-2022 10:31 GMT by Kenneth Fisher

Oil picture favourable, gold well supported

Fundamentals remain bullish for oil Oil got caught up in the sell-everything panic at the start of the week, sliding more than 3% at one stage before recovering a little. There wasn't much sense behind the move, but the fact that the dollar was strengthening and crude was already seeing profit-taking after peaking just shy of USD 90, probably contributed to it. The market remains fundamentally bullish and conflict with Russia does nothing to alleviate supply-side pressures.

25-01-2022 09:25 GMT by Craig Erlam

Swiss franc extends slide

The Swiss franc is down sharply on Tuesday, with USD/CHF climbing above the 92 line for the first time in two weeks. In the North American session, USD/CHF is trading at 0.9184, up 0.58% on the day. Investors will be keeping an eye on Swiss Economic Expectations which will be released on Wednesday.

25-01-2022 09:15 GMT by Kenneth Fisher

Dollar pushes yen above 114

The Japanese yen is slightly lower, as USD/JPY is trading at the 114 line in the European session. BoJ Core CPI rises After years of deflation, Japanese inflation indicators continue to point upwards. The latest gauge to confirm the upswing was BoJ core inflation for December, which rose from 0.8% to 0.9% y/y, above the consensus of 0.7%.

25-01-2022 07:33 GMT by Kenneth Fisher

Aussie yawns after inflation surges

The Australian dollar is flat on Tuesday, trading quietly at 0.7140 in the European session. Q4 inflation higher than expected Inflation remains on the move, as fourth-quarter CPI beat expectations. CPI climbed 1.3% q/q (1.0% exp.), up from 0.8% in Q2.

25-01-2022 04:58 GMT by Kenneth Fisher

Oil prices ease, gold pares gains

Oil lower but fundamentals remain bullish Oil prices are lower at the start of the week as we continue to see some profit-taking alongside another hit to risk appetite. It's been a remarkable rally and there's nothing to suggest that prices are peaking.

24-01-2022 11:39 GMT by Craig Erlam

Euro dips despite strong mfg. data

The euro has edged lower at the start of the week and dipped below the 1.13 line in the European session. EUR/USD is trading at 1.1315 in the North American session, down 0.25% on the day, as the US dollar is broadly higher. German PMIs outperform The week started with strong German data, as PMIs pointed to faster expansion in manufacturing and services for January.

24-01-2022 11:19 GMT by Kenneth Fisher

Canadian dollar extends slide

The Canadian dollar has started the week with losses, continuing the downswing we saw on Friday. USD/CAD is up over 1% since Thursday, as the US dollar is broadly higher against the major currencies. The week ended on a sour note for the Canadian dollar, due to weak Canadian data.

24-01-2022 10:23 GMT by Kenneth Fisher

Japanese yen at 5-week high

After gaining ground over three straight sessions, the Japanese yen has paused on Monday, as it trades around 113.80. Markets eye BoJ inflation gauge Inflation indicators continue to garner attention in Japan, which is showing inflationary pressures after years of deflation. December core CPI climbed 0.5% y/y, just shy of the 0.6% forecast.

24-01-2022 07:01 GMT by Kenneth Fisher

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