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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.

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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
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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
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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
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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
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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
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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
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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
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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
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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
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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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US Close: Stocks slump as inflation fears drive Fed rate hike expectations, Dollar follows Treasury yields
US stocks are sliding as surging pricing pressures have the Fed on a fast-track to get rates back to neutral.  Every trader over the weekend read the Goldman note that eyed four Fed rates hikes and balance sheet runoff in July, if not sooner. Surging yields are kryptonite for many tech stocks and that theme won't change until after we get past the first couple rate hikes. Today is all about risk aversion as fears grow that financial markets completely misread the Fed's scramble to battle inflat
10-01-2022 14:23 GMT by Edward Moya
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Aussie steady ahead of retail sales
The Australian dollar is trading quietly at the start of the week. In the North American session, AUD/USD is trading at 0.7172, down 0.14% on the day. US dollar unable to capitalize on soft NFP December job numbers in the US were mixed.
10-01-2022 12:23 GMT by Kenneth Fisher
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Euro edges lower at start of week
The euro is in negative territory at the start of the new trading week. EUR/USD is trading around 1.1320 in the European session. Investment confidence up, unemployment down The week kicked off with positive European events, although the euro was unable to gain any ground.
10-01-2022 07:42 GMT by Kenneth Fisher
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Oil and gold directionless
Oil ignores US jobs data Oil prices were almost unchanged on Friday, with Brent crude and WTI maintaining their gains even as headline US jobs data came in soft. Brent crude edged 0.20% lower to USD 81.80, and WTI fell 1.0% to USD 78.85 a barrel.
10-01-2022 05:23 GMT by Jeffrey Halley
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The US dollar retreats
US dollar dips after weak nonfarm payrolls Perhaps the most surprising move post the US Non-Farm Payrolls, came from the US dollar, which staged a sharp retreat versus major currencies, even as US yields rose. The dollar index slumped 0.52% to 95.74, before recovering to 95.90 in Asia today.
10-01-2022 05:15 GMT by Jeffrey Halley
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Asia struggling for conviction
US jobs data a mixed bag The conflicting hodgepodge of US employment data released on Friday night hasn’t given Asia much in the way of themes to hang their hats on today, complicated by a Japanese holiday reducing liquidity. An underlying theme of caution still permeates the region, but it is a very mixed picture in equity markets across the region, while currency markets look like they are stuck in the mud, going nowhere fast. On Friday, the US Non-Farm Payrolls disappointed, adding only 199
10-01-2022 04:39 GMT by Jeffrey Halley
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Week Ahead - Earnings season is upon us
It's been quite the start to the year, with omicron fears subsiding only to be replaced by interest rate anxiety once more. This could be the theme for the coming months, as policymakers are forced to take inflationary pressures more seriously in the hope that a little now will prevent the need for a lot more later.
07-01-2022 12:50 GMT by Craig Erlam
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