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.

Canadian dollar eyes CPI

Canada's CPI report looms Inflation remains the bane of the economy for many industrialized nations, and Canada has not been immune to this trend. CPI took a step backwards in December, with a reading of -0.1% m/m. However, inflation is expected to have jumped in January, with a consensus of a strong gain of 0.6%.

16-02-2022 07:09 GMT by Kenneth Fisher

Pound edges higher as UK CPI rises

UK inflation rises to 5.5% UK consumers continue to feel the cost-of-living squeeze, as inflation climbed to its highest level in 30 years. January CPI rose to 5.5% y/y, up from 5.4% in December and ticking above the consensus of 5.4%.

16-02-2022 04:59 GMT by Kenneth Fisher

Canadian dollar flat, CPI next

It has been a quiet week for the Canadian dollar, despite the crisis between Ukraine and Russia, which has captivated the world's attention. The lack of movement could change on Wednesday, as Canada releases the inflation report for February. Canada CPI expected to rise Canada's CPI looked weak in December, with a reading of -0.1% m/m.

15-02-2022 09:58 GMT by Kenneth Fisher

Euro rebounds as Ukraine tensions ease

The euro has reversed directions on Tuesday, ending a mini-slide that saw the currency drop over 1%. EUR/USD is trading at 1.1353 in the European session, up 0.41% on the day. For those investors getting a headache from non-stop coverage of the Ukraine crisis on BBC or CNN, may I suggest an alternative.

15-02-2022 08:59 GMT by Kenneth Fisher

Pound edges higher as wages jump

Wage growth a warning sign for BoE The UK employment report showed a slight rise in wage growth, raising fears of a wage-inflation spiral, as the country struggles with inflation at its highest level in 30 years. Wage growth rose to 4.3% in Q4, up from 4.2% beforehand and well above the consensus of 3.8%. The upshot is that even though wage growth is rising, real wages are actually falling because inflation is running at a much higher clip than wage growth.

15-02-2022 06:07 GMT by Kenneth Fisher

Aussie rises after optimistic RBA minutes

The Australian dollar has reversed directions and is in positive territory on Tuesday. AUD/USD is trading at 0.7154 in the European session, up 0.37% on the day. RBA preaches patience on rate hikes The RBA released the minutes of the February meeting earlier today, providing a welcome distraction from the incessant news from the Ukraine.

15-02-2022 04:37 GMT by Kenneth Fisher

Euro extends losses on Ukraine crisis

The euro has started the week in negative territory, after sharp losses on Friday. EUR/USD is struggling to remain above the 1.13 level. Last ditch efforts to avert war The crisis on the Ukraine/Russia border has reached a fever pitch, with the US saying it expects an invasion as early as Wednesday.

14-02-2022 11:57 GMT by Kenneth Fisher

Pound dips as employment data looms

The pound is down at the start of the week, ahead of the January data report on Tuesday. In the European session, GBP/USD is trading at 1.3551, down 0.31% on the day.

14-02-2022 10:58 GMT by Kenneth Fisher

Aussie weakens as risk appetite slides

The Australian dollar slide continues. AUD/USD is down 0.53% at the start of the week and has fallen below the 0.71 level. Ukraine crisis at fever pitch War in Europe?

14-02-2022 07:39 GMT by Kenneth Fisher

Yen extends gains on Ukraine tensions

The yen has started the trading week with gains, with USD/JPY trading just above the 115 line in the European session. Yen rises on Ukraine worries The crisis on the Ukraine/Russia border continues to dictate movement in the global financial markets. Hopes that the situation might be solved diplomatically deteriorated after the US said it expected an invasion on Wednesday and ordered military and diplomatic personnel to evacuate Ukraine.

14-02-2022 04:55 GMT by Kenneth Fisher

GBP/USD - Can it break 1.37?

A major barrier of resistance The next week could be really interesting for cable, with the Fed and BoE being among the two most aggressive central banks and inflation in both countries continuing to rise rapidly. The pair ran into resistance last month around 1.37, where the 200/233-day SMA band crossed the 50 fib level to provide a considerable barrier of resistance. It's been on the rise again over the last couple of weeks but the past five days has seen more volatility than direction. B

11-02-2022 14:57 GMT by Craig Erlam

US Close: Wall Street rattled on reports US expects Russia to invade Ukraine next week. Yen, Oil, and Gold pop higher, while Stocks, yields, and Bitcoin drop

Wall Street has an inflation hangover as higher rates continue to drag tech stocks down. US stocks were trying to stabilize as yields came in. Yesterday’s inflation shocker has many bond traders believing the Fed is behind the curve and will be delivering several rate hikes. Many Fed members feel inflation will meaningfully decelerate later this year and that is why calls for seven rate hikes might be too aggressive. US stocks were supposed to have a period of calm this afternoon as Treasury

11-02-2022 14:54 GMT by Edward Moya

NZD dips as inflation expectations rise

The New Zealand dollar is down 0.38% on the day, as it trades at 0.6650 in the European session. NZD/USD went for a ride on Thursday, rising close to 1% before retreating and giving up these gains. This was a common thread for most of the major currencies, as the US dollar softened after the hot US inflation report but managed to recover most of these losses by the end of the day. RBNZ Inflation Expectations rises New Zealand has not been immune to surging inflation.

11-02-2022 06:50 GMT by Kenneth Fisher

Pound yawns after UK GDP as expected

The pound is slightly lower on Friday, after taking investors on a roller-coaster ride a day earlier. GBP/USD was up over 100 points on Thursday after the US inflation report, but the pound surrendered almost all of these gains later in the day. The UK treated the markets to data dump on Friday, but the pound shrugged.

11-02-2022 03:42 GMT by Kenneth Fisher

NZD rises, inflation expectations looms

It has been a banner week for the New Zealand dollar, which has climbed 1.79% and gained over a cent. The US dollar is broadly lower on Thursday, and NZD/USD has gained 0.71% on the day, after posting gains every day this week. New Zealand has been hit with high inflation as the country continues to emerge from Covid.

10-02-2022 12:42 GMT by Kenneth Fisher

Inflation shock, Stocks pare losses as Wall Street eyes half point March Fed rate hike, bitcoin

A hot inflation release has Wall Street bracing for a half-point Fed rate hike in March, with a full percentage point of hikes by July. Everything got more expensive in January and fears remain that it will get worst.

10-02-2022 12:27 GMT by Edward Moya

Pound jumps as US inflation jumps

The British pound finally woke up this week and has punched past the 1.36 level. GBP/USD is trading at 1.3615, up 0.78% on the day. The highly anticipated US inflation reading did not disappoint, coming in a 7.5% y/y for January.

10-02-2022 11:50 GMT by Kenneth Fisher

Canadian dollar edges higher

The Canadian dollar has posted slight gains on Wednesday. There are no Canadian tier-1 events on the calendar this week, so we can expect US releases will have a magnified impact on the movement of the Canadian dollar this week. With the Fed poised to launch a series of rate hikes starting in March and inflation surging in Canada, it's unlikely that the Bank of Canada will simply fold its hands.

09-02-2022 13:01 GMT by Kenneth Fisher

Aussie rises as risk appetite rises

The Australian dollar has extended its rally for a third straight day. In the North American session, AUD/USD is trading at 0.7179, up 0.49% on the day.

09-02-2022 09:37 GMT by Kenneth Fisher

Will sterling stir on yield differential?

The British pound continues to have a quiet week and is looking for direction. There is plenty of political uncertainty both in the UK and abroad, but the pound remains in calm waters.

09-02-2022 06:09 GMT by Kenneth Fisher

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