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.

Yen hovers just below 116

All eyes are on US nonfarm payrolls, perhaps the monthly highlight on the economic calendar. An interesting prelude to nonfarm payrolls was the ADP employment report on Wednesday.

07-01-2022 04:37 GMT by Kenneth Fisher

Oil rises on supply disruptions, gold slides

Oil rallies impressively As mentioned yesterday, oil’s price action is bullish, as it shrugged off a series of seemingly bearish news inputs over the last 48 hours. That news swung the other way overnight, with domestic protests disrupting local production, and with the arrival of Russian paratroopers to restore order.

07-01-2022 03:43 GMT by Jeffrey Halley

Yen edges below 116, inflation next

The Japanese yen has edged higher and is back below the 116 level. Still, the yen remains vulnerable, especially with US treasury yields moving higher.

06-01-2022 12:43 GMT by Kenneth Fisher

Euro yawns as German factory orders jump

The euro is showing little movement, as it trades just above the 1.13 line. German Factory Orders recovered in November, with a robust gain of 3.7% m/m. This follows a sharp decline of -5.8% m/m in October.

06-01-2022 10:03 GMT by Kenneth Fisher

Oil and gold trading sideways

Oil is bid despite its fall today Oil prices were almost unchanged overnight, despite a massive 10 million barrel increase in US Gasoline Inventories, distillates rising by 4.4 million barrels and Crude Inventories falling only 2.5 million barrels, with Cushing Stocks climbing by about the same. That should all have been bad news for oil prices, implying that omicron is weighing on mobility and consumption.

06-01-2022 05:33 GMT by Jeffrey Halley

The US dollar holds steady

US dollar recovers on hawkish FOMC minutes The US dollar spent most of last night under pressure from the omi-gone rally, until the release of the hawkish FOMC minutes. The committee members felt inflation risks were more persistent and to the upside, and there was general agreement that the taper should be accelerated with three tentative rate hikes pencilled in. With US yields rising after that, the US dollar reversed most of its losses intra-day, leaving it only slightly lower and marking th

06-01-2022 05:10 GMT by Jeffrey Halley

The street was clearly long Omi-gone

US tech stocks sink after FOMC minutes Greetings from day four of managed isolation in New Zealand, and no, I’m not a tennis player. All the chatter overnight was about the implosion on tech stocks in New York after seemingly hawkish FOMC minutes from the December meeting.

06-01-2022 04:34 GMT by Jeffrey Halley

Euro recaptures 1.13, German PMI declines

The euro started the New Year with sharp losses, but the currency has rebounded on Wednesday, posting gains of 0.44% and punching above the 1.13 level. German Services PMI contracts Germany's service sector showed contraction in December, falling below the 50-level for the first time in eight months. The PMI fell from 52.7 to 48.7 points.

05-01-2022 12:11 GMT by Kenneth Fisher

Pound edges higher on Johnson Covid remarks

The British pound has posted slight gains on Wednesday. GBP/USD rose to 1.3557 on Tuesday, marking a 7-week high. Johnson says no to further restrictions The British pound ended 2021 on a strong note, gaining more than 2% in the last two weeks of the year.

05-01-2022 10:15 GMT by Kenneth Fisher

USD/CAD - building permits, FOMC minutes next

The Canadian dollar is trading slightly above the 1.27 line in the European session. Looking at today's schedule, Canada Building Permits for November is expected to accelerate to 2.3%, up from 1.3% a month earlier.

05-01-2022 07:16 GMT by Kenneth Fisher

Oil rallies, gold gains ground

OPEC+ can’t dent oil Oil prices rallied overnight, despite OPEC+ announcing its pre-planned 400,000 bpd increase in monthly production. The omicron is omi-gone trade continued to hold sway, with its brighter outlook for world growth and oil consumption lifting oil prices, aided by larger than expected drawdown from private US API Crude Inventories. Brent crude rose by 1.60% to USD 80.15 overnight, with WTI climbing by 1.60% as well to USD 77.20 a barrel.

05-01-2022 05:28 GMT by Jeffrey Halley

A mixed US dollar performance

US dollar gets lift from rising US bond yields The US dollar had a mixed night, rising versus the major currencies and the Asian currency grouping, as firm US bond yields sparked yield differential nerves. Conversely, the same post-omicron sentiment propelling stock markets and bond yields higher had a positive effect on the usual sentiment barometers.

05-01-2022 05:15 GMT by Jeffrey Halley

US Close: ISM shows pricing pressures ease, Jolts show the Great Resignation continues, Fed's dove sees 2 hikes in 2022

It wasn’t much of a rally, but we did get a Santa rally. The second trading day of the New Year marks the end of the Santa rally and more importantly the latest updates over how quickly global supply constraints are easing, but sadly that might not last due to omicron. US stocks could not hold onto earlier gains as tech stocks got pummeled over fears that Treasury yields will go much higher.

04-01-2022 15:54 GMT by Edward Moya

Oil extends gains, gold vulnerable

Oil well supported after OPEC+ assessment Oil prices are extending gains after the OPEC+ meeting today, at which producers agreed to continue to increase output by 400,000 barrels per day, next month. At the last meeting, the group agreed to continue with planned increases in January but made clear it could make adjustments at any point if omicron proves to be a significant drag on demand. It's clear based on today's meeting that downside risks to demand from the new variant never materialized

04-01-2022 14:54 GMT by Craig Erlam

CAD climbs on soft US data, risk-on mood

The Canadian dollar continues to show strong movement early in the New Year. USD/CAD is currently trading at 1.2674, down 0.56% on the day. ISM Manufacturing underperforms The first tier-1 events in 2022 out of the US disappointed, missing their estimates.

04-01-2022 11:33 GMT by Kenneth Fisher

Euro dips below 1.13 as Treasury yields rise

The euro has started the New Year on the left foot, as EUR/USD has fallen close to 1% already this week. The dollar is showing broad strength, boosted by the jump in US bond yields.

04-01-2022 09:31 GMT by Kenneth Fisher

Yen slips to 5-year low

The Japanese yen continues its downswing early in the New Year. USD/JPY is trading at 115.95 in the European session, its highest level since January 2017. US Treasury yields weigh on yen The US dollar has brought in the New Year with a bang, rallying sharply against the major currencies.

04-01-2022 07:02 GMT by Kenneth Fisher

US dollar rises sharply on higher yields

US 10-year bond yield boosts greenback The US dollar rallied sharply against the major currencies overnight as US 10-year bond yields surged back above 1.60%. The dollar index of major currencies rose sharply by 0.58% to 96.22 overnight, more than offsetting the previous day's falls and leaving major technical support at 95.50 intact once again. EUR/USD has fallen 0.70% to 1.1300 and has traced out a number of failures ahead of 1.1400 resistance.

04-01-2022 05:26 GMT by Jeffrey Halley

Omicron Becomes Omigone

Markets party despite Omicron You would be hard pushed to find a reason not to be in a jubilant mood as an investor as financial markets dished out the happy new year’s overnight, the first trading day of the year. I spent it on a series of almost empty flights on the trek to managed isolation in New Zealand, but for the rest of the world, the New York session finished with plenty of New Year’s goodies.

04-01-2022 02:49 GMT by Jeffrey Halley

Canadian dollar slides as US yields jump

Volatility continues for Canadian dollar After ending 2o21 with strong gains, the Canadian dollar didn't miss a beat and continued to show volatility on the first day of the New Year, this time posting sharp losses. In the North American session, USD/CAD is trading at 12761, up 0.95% on the day. The US dollar is showing broad strength on Monday, courtesy of a surge in US Treasury yields.

03-01-2022 11:52 GMT by Kenneth Fisher

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