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.

NFP React: Stocks have lackluster start for Q2, another Strong NFP report, ISM feeling supply chain challenges

US stocks are off to a lackluster start to the quarter after an impressive nonfarm payroll report and soft ISM manufacturing report. The labor market remains strong and employers are making progress filling vacancies. The ISM manufacturing report confirmed the great story being told about employment but also showed inflation is getting uglier and activity is slowing as supply chain issues persist. Inflation pressures could soon lead to demand destruction so it might be hard to see equities re

01-04-2022 10:39 GMT by Edward Moya

Euro stems bleeding as CPI hits 7.5%

Inflation sizzling in the eurozone Inflation has been skyrocketing in the US and UK, giving the Fed and BoE plenty of sleepless nights. Inflation levels had been lower in the eurozone, and ECB President Christine Lagarde has not made inflation a priority, arguing that high inflation would ease.

01-04-2022 07:34 GMT by Kenneth Fisher

CAD in holding pattern ahead of NFP

The Canadian dollar has posted small gains, trading just below the symbolic 1.25 line in the European session. We could see stronger movement from the currency when US nonfarm payrolls are released later today. The month of March has brought plenty of turbulence to the financial markets, highlighted by the Ukraine-Russia war, which shows no signs of ending anytime soon.

01-04-2022 06:33 GMT by Kenneth Fisher

Japanese yen slips, NFP next

The Japanese yen has reversed directions and is down sharply on Friday. In the European session, USD/JPY is trading at 122.68, up 0.81% on the day. All eyes are on US nonfarm payrolls, with an estimate of 490 thousand jobs.

01-04-2022 04:10 GMT by Kenneth Fisher

The US dollar reverses losses

Dollar recovers on Russia-Europe energy spat The US dollar rebounded overnight as the energy payment standoff with Russia and Europe took a turn for the worse, and quarter-end demand for US bonds boosted dollar demand. The dollar index rose 0.52% to 98.35, adding another 0.13% to 98.48 in Asia.

01-04-2022 02:55 GMT by Jeffrey Halley

Pound shrugs as UK GDP revised upwards

UK economy up 1.3% in Q4 The British economy performed better than expected in the fourth quarter. Final GDP rose by 1.3% in Q4 of 2021, upwardly revised from the first quarterly estimate of a 1.0% gain.

31-03-2022 13:12 GMT by Kenneth Fisher

Oil pares losses post OPEC+, gold rallies on Putin gas threat

Crude prices pared losses after OPEC+ decided “to stay the course” and maintained the gradual output increase strategy. Oil was down earlier after reports that the Biden administration was considering a record reserve release of up to 180 million barrels from the country’s strategic petroleum reserve (SPR).

31-03-2022 12:38 GMT by Edward Moya

Yen takes a breather

The Japanese yen has settled down after a raucous showing this week. USD/JPY is trading quietly around the 122 line in the European session. Yen stabilizes after wild ride The yen has steadied today, after taking investors on a roller-coaster ride this week.

31-03-2022 06:21 GMT by Kenneth Fisher

US dollar index testing support

The US dollar retreated overnight once again, even as Ukraine hopes faded as quickly as they began. US bond yields moved lower once again, undermining the greenback.

31-03-2022 04:19 GMT by Jeffrey Halley

USD/JPY - BoJ on the defensive

OANDA Senior Market Analyst Craig Erlam talks about USDJPY as the Fed and BoJ head on diverging monetary policy paths.

30-03-2022 16:52 GMT by Craig Erlam

US Close: Stocks edge lower, ADP in-line, Oil pares gains as gas demand continues to fall, Gold rallies as de-escalation optimism fades, Bitcoin hovers

US stocks declined as investors watched March inflation skyrocket in Europe, while waiting for any progress towards a Russia-Ukraine ceasefire deal. Stocks are going to have trouble rallying as geopolitics and inflation risks won't be going away anytime soon.

30-03-2022 15:52 GMT by Edward Moya

Pound gains ground on broad USD retreat

The British pound is finally in positive territory, after a nasty slide over most of the past week. In the North American session, GBP/USD is trading at 1.3145, up 0.39% on the day. On Thursday, the UK releases Final GDP for the fourth quarter, which is expected to confirm the initial reading of 1.0%.

30-03-2022 12:22 GMT by Kenneth Fisher

NZ bus. confidence soft, but NZ dollar rises

The New Zealand dollar has extended its rally as it closes in on the symbolic 70 level. In the European session, NZD/USD is trading at 0.6975, up 0.59% on the day. NZ business confidence remains ice cold Business confidence for March posted a reading deep in negative territory.

30-03-2022 10:09 GMT by Kenneth Fisher

Oil and gold pare losses

Lots of noise, little substance for oil Oil prices did the Neville Chamberlain's “peace in our time” gag reflex overnight after Russia’s “reduced operations” comments. Oil prices traded in a 10-dollar range and initially tumbled after the announcement, Brent crude touching USD 105.00, and WTI USD 98.50 a barrel.

30-03-2022 04:19 GMT by Jeffrey Halley

Dollar falls on higher risk sentiment

Ukraine talks weigh on dollar The US dollar retreated overnight, led by USD/JPY which collapsed to 122.00. Hopes of an improvement in the Ukraine situation, after comments by Russia also lifted market sentiment, reducing the US dollar's haven bid.

30-03-2022 04:10 GMT by Jeffrey Halley

Asia equities are mostly higher

Ukraine talks spark equity stampede The first sign of good news, no matter how tenuous, from the Ukraine-Russia talks resulted in a mass stampede into equities with the FOMO gnomes pricing in “peak-Ukraine.” European markets soared and the rally continued into New York, where excellent data and lower US yields boosted sentiment. The S&P 500 closed 1.23% higher, the Nasdaq jumped by 1.84%, and the Dow Jones finished 0.97% higher.

30-03-2022 03:49 GMT by Jeffrey Halley

USD/JPY - Running into major resistance

Interventions on the way? The rally in USD/JPY has massively accelerated in recent weeks as markets and the Fed have become increasingly hawkish on US interest rates. This has happened at a time when many central banks are heading in that direction, even the ECB which at one point looked years away from interest rates above 0%. While they haven't yet conceded on the kind of rate hikes that the markets are pricing in, they're certainly heading in that direction. The BoJ is the outlier here.

29-03-2022 12:03 GMT by Craig Erlam

Euro surges on Ukraine talks

It's been a dramatic afternoon, as EUR/USD has rocketed in the North American session, gaining 1.16%. The pair is currently trading just above the 1.11 level. Euro flies as peace talks show progress The euro has been showing limited movement for a week, which led me to caption Monday's post as, "Euro looking for direction".

29-03-2022 09:49 GMT by Kenneth Fisher

Ceasefire talks lift stock markets

Stock markets across Europe are rallying on Tuesday, buoyed by positive noises coming from Turkey where Ukraine and Russia may be nearing a ceasefire agreement. While there are reportedly still plenty of gaps in the demands of the two teams, there appear to have been compromises found on some big issues including Ukraine's previous ambitions of NATO membership. The next couple of days could be crucial but the signs are promising which we're seeing reflected in the markets today. There has been

29-03-2022 08:39 GMT by Craig Erlam

Aussie shrugs despite strong retail sales

Australian retail sales outperform Australian retail sales posted a 1.8% gain for a third straight month. The February release beat the consensus estimate of 1.0% and is a further indication that the economic recovery continues. The Australian dollar has sparkled in March, gaining 3.20%.

29-03-2022 07:54 GMT by Kenneth Fisher

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