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.

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

Aussie falls to 2-week low

The Australian dollar is in negative territory to start the week. AUD/USD is down about one percent since Thursday as the pair remains under pressure ahead of the Australian CPI release on Tuesday.

24-01-2022 05:11 GMT by Kenneth Fisher

Pound dips after soft retail sales

The British pound has edged lower in Friday trading. In the European session, GBP/USD is trading at 1.3558, down 0.28% on the day. UK Retail Sales slide UK retail sales had a dismal December.

21-01-2022 07:44 GMT by Kenneth Fisher

USD/JPY dips ahead of Japanese CPI

The Japanese yen has edged higher for a second straight day. In the North American session, USD/JPY is trading at the 114.00 line. In economic news, Japan releases December inflation data and the BoJ will publish the minutes of its December meeting.

20-01-2022 12:09 GMT by Kenneth Fisher

EUR/USD - Making a comeback?

OANDA Senior Market Analyst Craig Erlam discusses EURUSD as it appears to be fighting back following a big decline in 2021.

20-01-2022 11:20 GMT by Craig Erlam

Euro drifting as CPI hits 5%

The euro is steady on Thursday, as EUR/USD trades at 1.1330 in the North American session. Eurozone CPI hits 5.0% Inflation has been the buzzword across the major economies, boosted by soaring energy costs and supply bottlenecks which have resulted in shortages in some products. In the eurozone, inflation ticked up from 4.9% to 5.0% y/y in December.

20-01-2022 10:58 GMT by Kenneth Fisher

CAD edges up as inflation soars

The Canadian dollar has posted slight gains and has pushed USD/CAD back below the 1.25 line. Canadian inflation hits 30-year high Investors are getting accustomed to seeing headlines that inflation has surged to 30-year highs. First, it was US inflation, followed by the UK just this week, and now Canada has joined the club of surging inflation.

20-01-2022 07:52 GMT by Kenneth Fisher

Aussie extends gains on jobs data

The Australian dollar is in positive territory for a second straight day. In the European session, AUD/USD is trading at 0.7233, up 0.30% on the day.

20-01-2022 05:39 GMT by Kenneth Fisher

Rollercoaster stock ride, globally hot CPI reports, earnings, US housing data, BOC to hike, yields reverse, bitcoin struggles

Stocks went on a wild ride as global bond yields reacted to a steady stream of hot global inflation reports, decent earnings, all while the Nasdaq tentatively fell to correction territory. Inflation in both Canada and the UK hit the highest level in three decades. There is a 75% chance the Bank of Canada will hike interest rates next week and the BOE should deliver a second rate hike at the next meeting on February 3rd.

19-01-2022 15:34 GMT by Edward Moya

Market Insights Podcast (Episode 284)

OANDA Senior Market Analyst Ed Moya previews the day's market news with Jonny Hart. They discussed markets, both UK and Canadian CPI data reaching highest level in three decades, recap Goldman Sach's earnings, oil hitting a seven-year high, China's GDP data, and the recent bond market volatility.

19-01-2022 14:52 GMT by Edward Moya

Aussie rises ahead of key employment data

The Australian dollar has reversed directions and pushed above the 72 line. In the North American session, AUD/USD is trading at 0.7224, up 0.54% on the day. Australia will release December employment numbers in Thursday's Asian session.

19-01-2022 11:59 GMT by Kenneth Fisher

Sterling rises as UK inflation jumps

The British pound is in positive territory after falling for three straight days. GBP/USD has pushed above the 1.36 line and is trading at 1.3635 in the North American session, up 0.27% on the day. UK inflation hits 30-year high Anyone reading the news has seen plenty of headlines screaming "US inflation hits 30-year high!".

19-01-2022 10:18 GMT by Kenneth Fisher

Canadian dollar falls below 1.25

The Canadian dollar continues to push higher and USD/CAD has dropped below the symbolic 1.25 line. The pair is currently trading at 1.2476 and is close to 1.2553, its lowest level since November 10th. US Treasury rates continue to move higher.

19-01-2022 07:35 GMT by Kenneth Fisher

NZD rises as US dollar rally pauses

After falling over 1% since late last week, the New Zealand dollar is in positive territory on Wednesday. NZD/USD is trading at 0.6785 in the European session, up 0.19% on the day. ANZ says RBNZ to hike up to 3% The RBNZ has embarked on a series of incremental interest rate hikes, starting with two hikes of 25 bps in the fourth quarter of 2021, bringing the current rate to 0.75%.

19-01-2022 04:44 GMT by Kenneth Fisher

Canadian dollar calm

The Canadian dollar continues to have a quiet week. In the North American session, USD/CAD is trading around 1.2530. Canada's Manufacturing sales climbed for a second consecutive month in November, with a gain of 2.6% that was reflected by higher sales across the sector.

18-01-2022 12:04 GMT by Kenneth Fisher

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