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 dollar jumps on Fed, China growth

US dollar soars on risk-aversion The dollar index soared on Friday, as the UK sterling slumped and investor fear around China growth pummelled Asia FX, and Fed rate hike expectations saw a flight to safety. The dollar index leapt 0.50% to 101.11, taking out resistance at 101.00.

25-04-2022 04:56 GMT by Jeffrey Halley

Week Ahead - A bumper start to the week

Big events keep coming It could be an interesting start to the week depending on who wins the second round of elections in France on Sunday. Marine Le Pen has made significant progress over the last five years and the race for the Presidency is expected to be much closer this time as a result.

22-04-2022 17:58 GMT by Craig Erlam

Oil choppy, gold's rough week, bitcoin blow

Oil choppiness continues Oil remains choppy with China and the Fed creating a bit more two-way price action amid very tight markets. The risks are certainly more tilted to the upside, given the war in Ukraine and a potential embargo on Russian exports, but lockdowns in China and the risk of a Fed-driven economic slowdown are also significant. Central banks may be targeting a soft landing while belatedly combating very high inflation but that is very hard to achieve and there are plenty of reas

22-04-2022 08:47 GMT by Craig Erlam

Powell lifts the US Dollar.

A hawkish Jerome Powell overnight lifted US yields higher and saw a flight to safety in the US Dollar, allowing the dollar index to recapture much of its mid-week losses. Another night of Yuan losses also encouraged some pre-weekend defensive flows into the greenback.

22-04-2022 02:03 GMT by Jeffrey Halley

Euro breaks above 1.09 as CPI surges

The euro has posted considerable gains on Thursday. In the European session, EUR/USD is trading at 1.0906, up 0.47% on the day. Eurozone CPI hits 7.4% The euro has rebounded nicely as it trades at the 1.09 line.

21-04-2022 06:52 GMT by Kenneth Fisher

New Zealand dollar edges lower after CPI

New Zealand rises to 6.9% There was plenty of anticipation ahead of the New Zealand inflation report, which is released each quarter. The consensus was a sharp rise of 7.1% YoY in Q4, compared to the Q3 reading of 5.9%.

21-04-2022 06:12 GMT by Kenneth Fisher

Oil drifting, gold steady

Oil markets are surprisingly quiet Oil markets traded sideways overnight, with China's growth fears offsetting a large drop in official US crude inventories overnight. With the geopolitical news ticker fairly quiet, oil markets contented themselves with consolidating the previous day's gains.

21-04-2022 04:26 GMT by Jeffrey Halley

US dollar falls overnight

Lower US yields send US dollar lower A retreat by US yields overnight set off an uneven long-covering move in currency markets, pushing the dollar index sharply lower by 0.65% to 100.34. Having held resistance at 101.00, and with the relative strength index (RSI) at very overbought levels, the dollar index was vulnerable to a pullback.

21-04-2022 04:08 GMT by Jeffrey Halley

Profit-taking pause for breath

US dollar retreats as US yields fall A wave of profit-taking swept markets overnights as US bond yields gave back some recent gains. That prompted traders to trim long US dollar positions, with the dollar index and USD/JPY having a tough day at the office.

21-04-2022 03:41 GMT by Jeffrey Halley

NZ dollar soars ahead of CPI

The New Zealand dollar has recorded strong gains on Wednesday. In the North American session, NZD/USD is trading at 0.6807, up 1.1% on the day. The US dollar is in full retreat against the majors today.

20-04-2022 12:37 GMT by Kenneth Fisher

Canadian dollar jumps as CPI surges

Canada's inflation outperforms The Canadian dollar is up sharply on Wednesday, as Canada's inflation report was hotter than expected. In the North American session, USD/CAD is trading at 1.2519, down 0.74% on the day. Canada's CPI for March jumped 6.7% YoY, a full percentage point higher than the 5.7% gain in February.

20-04-2022 09:43 GMT by Kenneth Fisher

Japanese yen rebounds on BoJ

It has been a busy day for the Japanese yen. The currency came tantalizingly close to the symbolic 130 level earlier today, but then reversed directions.

20-04-2022 07:47 GMT by Kenneth Fisher

US dollar eases in Asia

BoJ intervention boosts yen The Japanese yen is once again driving the dollar index direction today. Having risen by 0.18% to resistance at 101.00 overnight, it has retreated by 0.28% to 100.71 this morning.

20-04-2022 05:40 GMT by Jeffrey Halley

New Zealand dollar stems the bleeding

The New Zealand dollar is unchanged on Tuesday, but the currency has been under pressure. NZD/USD has managed only one gain in the past two weeks.

19-04-2022 13:35 GMT by Kenneth Fisher

Australian dollar rebounds on hawkish RBA

The Australian dollar is back in positive territory on Tuesday, after four straight losing sessions. In the North American session, AUD/USD is trading at 0.7384, up 0.51% on the day. RBA hints at an earlier rate hike The RBA sent a hawkish message to the markets, as the minutes from the April meeting provided a strong hint that a rate hike is coming sooner than had been expected.

19-04-2022 10:43 GMT by Kenneth Fisher

Yen slides to 128 against dollar

The Japanese yen's downswing has continued full force this week, as the currency can't find its footing. USD/JPY is trading at 128.40 in Europe, up 1.1% on the day. Yen closing in on 130 The yen continues its nasty slide, with the currency having fallen for twelve successive sessions against the dollar.

19-04-2022 07:23 GMT by Kenneth Fisher

A bullard in a China shop

The who can be the most hawkish Federal Reserve President continued overnight as James Bullard came out swinging, suggesting that Fed Funds may need to rise to a “neutral” rate of 3.50%, and suggesting a 0.75% rate hike along the way wasn’t out of the question. The impact of the statements was minimal in the end as it likely doesn’t reflect the views of the FOMC, yet.

19-04-2022 05:34 GMT by Jeffrey Halley

US dollar rally continues

Bullard's hawkish comments boost US dollar The dollar index rose once again overnight, flattered by further losses by the Japanese yen and a slight rise in US yields overnight after the Bullard comments. The dollar index rose 0.32% to 100.80 overnight, adding another 0.18% to 101.00 as the yen tumble continues in Asia.

19-04-2022 05:19 GMT by Jeffrey Halley

Japanese yen extends slide

It was another rough week at the office for the Japanese yen, as USD/JPY fell 1.67%. The crumpling yen hasn't eked out a daily gain since March and has extended its losses today.

18-04-2022 13:26 GMT by Kenneth Fisher

More woes ahead for the euro?

The euro is down slightly on Monday, as EUR/USD trades at the key 1.0800 line in North America. With German and French markets closed for Easter Monday, it's likely to be a quiet day for the euro. Euro struggling at 2-year low The euro continues to lose ground, and last week EUR/USD tested a multi-decade support line at 1.0800.

18-04-2022 11:20 GMT by Kenneth Fisher

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