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.

Commodity and Cryptos: Oil rallies, gold pares weekly gain, Musk pumps up Dogecoin

Crude prices continue to rally on optimism that the oil market will remain tight as COVID pandemic starts to move into the endemic phase. Money managers are turning very bullish with Brent crude, sending bullish bets to an 11-week high. Today’s oil price rally is very impressive given how strong the dollar is today.

14-01-2022 15:18 GMT by Edward Moya

Oil rally, gold resilient, bitcoin unloved

European energy crisis deepens, while oil continues higher Oil prices are higher again on Friday, continuing to trade around the highest levels seen in more than seven years. We could potentially be seeing some signs of exhaustion in the rally, with momentum indicators easing despite price continuing higher, but we're not seeing it to any significant degree.

14-01-2022 09:59 GMT by Craig Erlam

CAD higher ahead of US retail sales

The Canadian dollar is in positive territory and continues to have an excellent week, with gains of 1.28%. The currency is back below 1.25 and is looking to close below this symbolic line for the first time since mid-November. This week's robust rally by the Canadian dollar is more a case of greenback weakness rather than loonie strength, as the US dollar has retreated broadly against the major currencies this week.

14-01-2022 07:15 GMT by Kenneth Fisher

Japanese yen extends gains

The Japanese yen continues to roll, with gains for a third successive day. USD/JPY has fallen below the 114 line and is now at its lowest level since December 21st.

14-01-2022 06:10 GMT by Kenneth Fisher

Pound shrugs off sharp UK data

The British pound has posted very slight gains on Friday. In the European session, GBP/USD is trading at 1.3720, up 0.09% on the day. The pound is yawning despite better than expected UK data today.

14-01-2022 02:59 GMT by Kenneth Fisher

Canadian dollar breaks below 1.25

Canadian dollar climbs despite high US inflation The Canadian dollar has extended its gains for a third consecutive day. USD/CAD has dropped 0.15% on the day, enough to push the pair below the 1.25 level, which has psychological significance, for the first time since mid-November. It has been an excellent week for the Canadian dollar, which has gained 1.27%.

13-01-2022 12:18 GMT by Kenneth Fisher

Earnings to bring normality

It's been a rollercoaster start to the year and as we head into earnings season, it's hard to say exactly where investors stand. Blocking out the January noise is one thing but it's made far more complicated by omicron, inflation, and the rapid evolution of monetary policy. Yesterday's reaction to the inflation data was a case in point.

13-01-2022 11:00 GMT by Craig Erlam

Japanese yen keeps rolling

The Japanese yen has extended its gains as USD/JPY trades at a 3-week low. In the North American session, USD/JPY is trading at 114.25, down 0.35% on the day. Will the yen break into 113-territory before the end of the week? Yen makes most of US dollar retreat The Japanese yen has jumped onto the currency bandwagon this week, taking advantage of a US dollar in retreat.

13-01-2022 10:42 GMT by Kenneth Fisher

New Zealand dollar extends gains

The New Zealand dollar has posted gains for a third straight day. Early in the North American session, NZD/USD is trading at 0.6886, up 0.56% on the day.

13-01-2022 09:04 GMT by Kenneth Fisher

Streaking pound pushes past 1.37

The British pound has extended its gains for a third straight day. In the European session, GBP/USD is trading at 1.3736, up 0.23% on the day. There are no tier-1 events out of the UK today, so market participants will have to wait until Friday for a data damp which includes the monthly GDP report and Manufacturing Production.

13-01-2022 05:20 GMT by Kenneth Fisher

Inflation hits 7% and is nearing peak, stocks whip around, dollar falls, bitcoin rises

US stocks initially rallied after the latest reading of consumer prices showed the biggest gains since 1982, but was nevertheless, in line with expectations. Wall Street was worried that a much hotter inflation report could have not only cemented four Fed rate hikes this year, but potentially made the May FOMC meeting a possibility for when the balance sheet runoff could start. Inflation is not slowing down just yet, but the peak is getting close. Today’s inflation report does two things, it

12-01-2022 12:43 GMT by Edward Moya

Euro jumps to 2-month high after US CPI

The euro has jumped on the currency bandwagon, as the US dollar is in broad retreat. In the North American session, EUR/USD is trading at 1.1438, up 0.63% on the day.

12-01-2022 12:31 GMT by Kenneth Fisher

Surging Canadian dollar hits 8-week high

Canadian dollar climbs despite high US inflation The Canadian dollar continues to flex its muscles, as USD/CAD has dropped to an 8-week low. The pair is pressing very close to the 1.25 line, which has psychological significance. With everybody talking about inflation, including Fed Chair Jerome Powell, today's US CPI report for December could well have been the highlight of the week.

12-01-2022 11:24 GMT by Kenneth Fisher

Risk back on?

Stock markets remain in positive territory on Wednesday after a reassuring appearance from the Chairman of the Federal Reserve and some inflation data. Jerome Powell put in a decent performance on Tuesday but sentiment is clearly very fragile and it may not take much to tip investors over the edge again. Three rate hikes are now heavily priced into the markets this year, with balance sheet reduction perhaps starting in the third quarter. While investors could get on board with that, the situat

12-01-2022 10:39 GMT by Craig Erlam

Aussie snoozes as mini-rally fizzles

The Australian dollar is almost unchanged on Wednesday as it trades just above the 0.72 level. On Tuesday, the Aussie posted strong gains of 0.51%, its best daily performance in a week.

12-01-2022 07:41 GMT by Kenneth Fisher

Risk sentiment recovery pushes dollar lower

Powell testimony weighs on US dollar The Powell-inspired risk sentiment rally overnight saw US yields edge lower and weighed heavily on the US dollar, which staged a broad retreat. The dollar index fell 0.36% to 95.60, just above support at 95.50.

12-01-2022 05:28 GMT by Jeffrey Halley

Yen dips, inflation expectations rise

After several days of gains, the Japanese yen has reversed directions and is in negative territory. In the North American session, USD/JPY is trading at 115.48, up 0.23% on the day. Japanese consumers expect higher inflation The Japanese government is committed to an ultra-easy monetary policy, but it will need stronger consumer spending if it hopes to kickstart the economy.

11-01-2022 10:56 GMT by Kenneth Fisher

Aussie yawns after retail sales jump

The Australian dollar continues to have a quiet week and is unchanged in Tuesday trade. In the European session, AUD/USD is trading at 0.7170. Australia's retail sales soar Australian consumers opened their purse strings in November, as retail sales jumped 7.3%, well above the consensus of 3.6%.

11-01-2022 09:25 GMT by Kenneth Fisher

Euro calm, warning from Bundesbank

It continues to be quiet week for the euro, which is trading around 1.1340 in the European session. The currency markets are nervous and continue to be marked by range trading.

11-01-2022 07:37 GMT by Kenneth Fisher

Currency markets nervously range-trade

US dollar looking for direction The US dollar rallied sharply overnight as US equities headed south, only to give back most of those gains towards the end of the New York session as the Nasdaq recovered. US bond markets provided no direction with yields almost unchanged.

11-01-2022 06:07 GMT by Jeffrey Halley

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