Forex: All News & Analysis

AUD slips below 72, consumer confidence next

The Australian dollar has dropped below the 0.72 level on Tuesday. In the North American session, AUD/USD is trading at 0.7180, down 0.42% on the day. US yields on the move The US dollar is broadly higher today, buoyed by a jump in US bond yields after Monday's holiday in the US.

18-01-2022 10:48 GMT by Kenneth Fisher

Pound edges lower as US Treasuries jump

The British pound has extended its losses as GBP/USD has fallen for a third successive day. The pair has fallen below the 1.35 line in the European session. US yields hit 2-year high The US dollar has received a boost as 10-year yields have pushed above the 1.80% and touched a 2-year high.

18-01-2022 07:40 GMT by Kenneth Fisher

Yen steady after BoJ meeting

The US dollar has posted small gains, as USD/JPY briefly punched above the 115 line in the Asian session. The yen looked golden last week with gains of 1.15%, but has given up half of those gains so far this week. BoJ revises inflation forecast The Bank of Japan's policy meetings are generally uneventful affairs, with the bank reaffirming its monetary policy.

18-01-2022 06:28 GMT by Kenneth Fisher

Euro calm in holiday-thin trade

It's a quiet start to the week for the euro, which is trading just above the 1.14 line in the North American session. The US markets are closed today for Martin Luther King Day, so it's likely to remain an uneventful day for EUR/USD. There are no tier-1 events on the schedule on Monday, but Germany releases the well-respected ZEW Economic Sentiment index for January on Tuesday.

17-01-2022 12:09 GMT by Kenneth Fisher

Japanese yen dips, BoJ meeting next

The US dollar has edged higher at the start of the week. In the European session, USD/JPY is trading at 114.56, up 0.36% on the day.

17-01-2022 11:06 GMT by Kenneth Fisher

Pound drifting, US markets on holiday

The British pound is flat as we start the new trading week. The currency enjoyed another positive week and GBP/USD has now risen for four consecutive weeks, as the US dollar continues to struggle. There are two factors behind which are driving the pound higher.

17-01-2022 07:31 GMT by Kenneth Fisher

CAD edges higher ahead of BoC survey

The Canadian dollar has started the week with gains and could break below the symbolic 1.25 level during the day. US markets are closed for Martin Luther King Day, so I expect a quiet North American session.

17-01-2022 07:15 GMT by Kenneth Fisher

Pound drifting close to 1.37

The British pound is flat as we start the new trading week. The currency enjoyed another positive week and GBP/USD has now risen for four consecutive weeks, as the US dollar continues to struggle. There are two factors behind which are driving the pound higher.

17-01-2022 04:43 GMT by Kenneth Fisher

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

Forex: all news & analysis