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.

Oil prices slump in Asia

Oil down over Ukraine hopes, FOMC Oil prices slumped again overnight in New York and have done so again in Asia today. Growth concerns from the Ukraine-Russia stagflation wave, and FOMC hike this week, and hopes that progress will be made in Ukraine-Russia negotiations has seen Brent prices fall nearly USD 40 over the past few sessions.

15-03-2022 05:51 GMT by Jeffrey Halley

The US dollar rises versus Asia

Rising US yields boost US dollar The US dollar held steady versus most majors overnight, with reduced haven flows on Ukrainian hopes offset by rising US yields. The dollar index finished 0.04% lower at 99.09, before easing another 0.25% to 98.835 in Asia.

15-03-2022 05:40 GMT by Jeffrey Halley

GBP/USD - Testing support ahead of Fed and BoE

Can it break lower? The pound has been trending lower against the dollar since the Russian invasion of Ukraine as traders have sought the safety of the greenback in times of stress. But what's interesting in recent days is that while market sentiment has improved, the pair has continued to slide. And with it now approaching 1.30 - a major historical psychological barrier - ahead of both the Fed and BoE meetings this week, what's next for the pair? For a bit of context, both central bank

14-03-2022 16:04 GMT by Craig Erlam

Pound stops the slide

GBP/USD is steady at the start of the week. The pound fell 1.51% last week, marking a third straight week of sharp losses Earlier in the day, GBP/USD touched a low of 1.3009, as it struggles to remain above the psychologically important 1.30 line, which has held since November 2020. UK job data expected to improve The UK releases key job numbers on Tuesday, with expectations of a strong release.

14-03-2022 12:59 GMT by Kenneth Fisher

Australian dollar slips to 2-week low

The Australian dollar continues to lose ground. After falling 0.91% on Friday, AUD/USD is down 0.68% on Monday and is trading at 0.7238.

14-03-2022 09:52 GMT by Kenneth Fisher

New Zealand dollar under pressure

The New Zealand dollar is down slightly at the start of the week, after falling sharply in the Friday session. NZD/USD is trading at the 0.68 line in European trade. NZ dollar eyes Services PMI We'll get a look at New Zealand Services PMI later in the day.

14-03-2022 08:18 GMT by Kenneth Fisher

The US dollar rallies strongly

Investors eye FOMC rate hike The US dollar’s rapid recovery continued Friday as investors turned to how hawkish the FOMC will be, the US yield curve continued flattening, and investors loaded up on weekend risk protection. The dollar index rallied 0.60% to 99.12 on Friday, rising to 99.17 in Asia.

14-03-2022 05:30 GMT by Jeffrey Halley

EUR/USD - Struggles after ECB

OANDA Senior Market Analyst Craig Erlam discusses EURUSD in the aftermath of the ECB meeting.

11-03-2022 13:46 GMT by Craig Erlam

Week Ahead - Central banks

It's been another volatile week in financial markets with events in and around Ukraine continuing to dominate. Sentiment is still very headline-driven and an enormous amount of uncertainty remains around the outcome of talks between Ukraine and Russia and the sanctions being imposed on the latter by the West.

11-03-2022 13:12 GMT by Craig Erlam

NZ dollar dips despite strong mfg. data

The New Zealand dollar's mini-rally has come to a halt, as NZD/USD has posted slight losses. In the North American session, NZD/USD is trading at 0.6845, down 0.21% on the day. NZ Manufacturing PMI expands New Zealand's manufacturing sector posted strong numbers this week.

11-03-2022 09:11 GMT by Kenneth Fisher

Canadian dollar eyes job data

Will Canadian job data boost loonie? It's been a busy week for the Canadian dollar. USD/CAD started the week with strong gains, but the Canadian dollar has clawed back and recovered most of those losses. The week will wrap up with the Canadian employment report for February.

11-03-2022 06:56 GMT by Kenneth Fisher

Japanese yen falls to five-year high

The US dollar continues to pummel the Japanese yen. USD/JPY pushed above the 117 line earlier today for the first time since January 2017.

11-03-2022 05:46 GMT by Kenneth Fisher

US dollar bounces back

US dollar climbs on CPI, risk aversion The US dollar rebounded sharply after 40-year highs in inflation data and as risk sentiment soured once again over Easter Europe and the news tickers remained quiet on OPEC+ increases. US long-dated yields resumed their climb, despite a well-bid 30-year auction overnight, providing more support to the greenback.

11-03-2022 04:07 GMT by Jeffrey Halley

Stocks sink as high-level talks disappoint, inflation at highest in 40 years, ECB to end QE sooner, bitcoin falls

US stocks declined after both high-level talks did not produce a stop in fighting and as investors worry that war in Ukraine could lead to higher inflation for much longer. Today’s inflation report showed widespread pricing pressures before the full impact of the global shock from the Russian invasion of Ukraine. Energy costs, soft commodities, and metals will continue to see upward pressure and that will start to be sticky as wages soften.

10-03-2022 16:16 GMT by Edward Moya

Pound falls, US inflation jumps

GBP/USD has reversed directions on Thursday, giving up most of the gains from a day earlier. In the North American, session, GBP/USD is trading at 1.3132, down 0.41% on the day. US inflation accelerates to 7.9% In the US, headline CPI continued to accelerate, with a gain of 7.9% for February YoY.

10-03-2022 11:03 GMT by Kenneth Fisher

Dollar pushes wobbly yen above 116

The Japanese yen continues to lose ground to the US dollar. USD/JPY has climbed above the 116 line for the first time since early February.

10-03-2022 09:54 GMT by Kenneth Fisher

Euro rally pauses as ECB stays pat

ECB maintains interest rates, reduces APP The ECB held its key interest rate at 0.00% at today's meeting, as was expected. The central bank reduced purchases under the Asset Purchase Program (APP), which had been set in February at EUR 40 billion throughout the second quarter.

10-03-2022 07:53 GMT by Kenneth Fisher

US dollar retreats on Ukraine hopes

US dollar eases In keeping with the price action in other asset classes, the US dollar staged a sharp retreat overnight on Ukrainian and energy hopes. The dollar index tumbled by 1.10% to 98.00, before creeping up with oil prices this morning to 98.13.

10-03-2022 05:42 GMT by Jeffrey Halley

Sterling moves higher as dollar dips

The British pound is in positive territory, as the US dollar has retreated against the major currencies for the first time in five days. GBP/USD is trading at 1.3169 in the North American session, up 0.52% on the day. The US dollar has had its way with the pound in recent sessions, but GBP/USD has reversed directions today.

09-03-2022 11:36 GMT by Kenneth Fisher

Euro surges on broad dollar retreat

The euro has posted sharp gains and punched above the symbolic 1.10 level. In the North American session, EUR/USD is trading at 1.1031, up 1.24% on the day. We continue to see significant volatility in the currency markets. The euro plunged 3.0% per cent last week but has reversed directions, as the US dollar has dropped against the major currencies today for the first time in five days.

09-03-2022 09:58 GMT by Kenneth Fisher

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