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.

Asia shuffles sideways

Holidays in mainland China and Hong Kong are muting activity once again in Asia, which looks content to watch this session from the sidelines. Overnight, Elon Musk stole the headlines, announcing with a swipe of his debit card, the purchase of a 9.20% stake in Twitter worth USD 2.90 billion.

05-04-2022 03:35 GMT by Jeffrey Halley

AUD/USD - Building breakout momentum?

Can it take the next step? The Aussie dollar has performed well against the greenback since early February and while it appeared to have lost some momentum recently, it may have rediscovered that today. The pair ran into resistance around the late-October highs last week and has been in consolidation since but as you can see today, it's spiked higher and the MACD and stochastic on the 4-hour chart suggest there's some momentum behind the move. The fact that we never saw much of a pullback f

04-04-2022 12:41 GMT by Craig Erlam

Yen takes a pause after busy week

The Japanese yen has started the week with slight gains, as USD/JPY is trading at 122.75 in the North American session. It was a rollercoaster week for the yen, which showed strong volatility throughout the week. USD/JPY posted considerable gains on Friday, as the US/Japan rate differential widened on Friday and pushed the yen briefly above the 123 line.

04-04-2022 10:09 GMT by Kenneth Fisher

AUD calm ahead of RBA decision

The Australian dollar has posted slight gains at the start of the week, as AUD/USD trades just above the 0.75 level. Looking back at March, it was an excellent month for the Australian dollar. The currency rose 3.02%, its best month since October 2021.

04-04-2022 08:51 GMT by Kenneth Fisher

Oil eases, gold falls as dollar rises

Oil slightly softer in Asia Oil prices eased slightly on Friday, robust US data and weekend risk supporting prices, while US SPR releases as well as yet to be determined ones from other IEA members capped gains. A UN-brokered two-month ceasefire between Saudi Arabia and Yemen’s Houthi rebels has had no noticeable impact on prices today. The China holiday is definitely muting trading volumes in Asia today, leaving Brent crude unchanged at USD 104.50, and WTI unchanged at USD 99.35.

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

The US dollar continues to rise

The US dollar continued gaining on Friday as firm US data pushed US yields higher. The dollar index rose 0.22% to 98.57 where it remains in Asia, where a China holiday is impacting trading volumes.

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

Week Ahead - Risks mounting

As we head into the second quarter, it seems the list of economic concerns is growing rather than shrinking and yet equity markets find themselves in a very comfortable position. The rebound from the post-invasion lows has been impressive, to say the least, but whether it's sustainable will become clear in the coming weeks.

01-04-2022 11:34 GMT by Craig Erlam

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

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