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.

Bank of Canada expects inflation to ease

Inflation has been rising in Canada, with December CPI hitting 4.8% y/y, a 30-year high. The Bank of Canada is keeping a watchful eye on inflation but has a new problem to worry about.

03-02-2022 12:19 GMT by Kenneth Fisher

Aussie steady as rally fizzles

The Australian dollar headed lower earlier in the day before recovering. In the North American session, AUD/USD is trading at 0.7137, down 0.01% on the day. The RBA policy meeting went as expected, with the bank winding up its bond asset programme while preaching caution.

03-02-2022 10:05 GMT by Kenneth Fisher

Euro rally pauses ahead of ECB

The ECB is expected to maintain monetary policy at today's meeting, but investors have been snapping up euros ahead of the meeting, with EUR/USD up 1.26% this week. The upswing in eurozone inflation, which was reinforced by the January record-breaking CPI report, has raised expectations that the ECB will implement a rate hike before the end of 2022.

03-02-2022 04:55 GMT by Kenneth Fisher

GBP in holding pattern as BoE meets

The British pound has put together an impressive rally this week, with gains of 1.11%. The currency has taken a pause ahead of a key BoE policy meeting later today. BoE expected to hike rates The Bank of England is widely expected to raise rates by 0.25% at today's meeting.

03-02-2022 04:12 GMT by Kenneth Fisher

Canadian dollar yawns despite solid GDP

The Canadian dollar is flat on Wednesday, trading at 1.2685 in the North American session. Canada GDP beats consensus Canada's GDP outperformed in November, but the positive news wasn't enough to move the sleepy Canadian dollar. GDP expanded by 0.6%, above the consensus of 0.4%.

02-02-2022 12:01 GMT by Kenneth Fisher

Euro climbs as inflation outperforms

We are seeing plenty of volatility in the currency markets, and the euro is no exception. EUR/USD has climbed 1.37% this week, recapturing the lion's share of last week's losses. It's a safe bet that ECB President Christine Lagarde was not pleased with the January eurozone inflation report for December, which was released just ahead of Thursday's ECB policy meeting.

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

Australian dollar extends gains

We continue to see strong movement from the Australian dollar, which has gained ground for a third successive day. The currency has gained 2.2% this week, recovering most of last week's losses. Lowe preaches patience After an RBA meeting that contained no surprises, the markets were hoping to gain some insights when Governor Lowe spoke at an event on Wednesday which included a Q&A session.

02-02-2022 07:55 GMT by Kenneth Fisher

NZ dollar pauses after mixed jobs data

The New Zealand dollar has been showing plenty of volatility over the past week but is steady on Wednesday. After plunging 2.56% last week, the currency has rebounded, recovering about half of those losses this week.

02-02-2022 06:23 GMT by Kenneth Fisher

Market Insights Podcast (Episode 289)

OANDA Senior Market Analyst Ed Moya previews the day's market news with Jonny Hart. They discussed markets, discuss the RBA rate decision, preview what the BOE might do, and provided some insight to why energy traders closely followed Exxon's earnings results.

01-02-2022 21:05 GMT by Edward Moya

Stocks lower after US data, patient RBA, GBP testing 1.35 ahead of BOE, , Bitcoin hovers

US stocks are getting pulled all over the place as investors digest both a wrath of economic data and a chorus of Fed speak that has de-escalated aggressive tightening fears for now. Impressive earnings from UPS and Exxon helped risk appetite early but that faded quickly as traders remain fixated over everything about inflation. For about 10-minutes much of Wall Street took a break to hear the news that Tom Brady announced his retirement.

01-02-2022 10:59 GMT by Edward Moya

GBP extends gains, pushes above 1.35

The British pound is up for a third straight day, as GBP/USD has rebounded after last week's sharp losses. The pair is trading just above the 1.35 level in the North American session. BoE expected to raise rates Financial markets are predicting that the BoE will hit the rate trigger at Thursday's policy meeting.

01-02-2022 10:40 GMT by Kenneth Fisher

Aussie rises as RBA maintains rates

The Aussie has rebounded nicely this week, recovering half the losses from last week, when it tumbled 2.5%. AUD/USD has edged higher and is trading just below the 0.71 level in the European session. RBA holds rates, winds up QE There were no surprises from the RBA policy meeting earlier today.

01-02-2022 06:25 GMT by Kenneth Fisher

US Close: Rough waters ahead, Strong January Finish for stocks, Dollar weakens

US stocks finished the month on a nice note, but rough waters still could be ahead over global tightening pressures. Some of the smart money on Wall Street is still looking to fade every rally as valuations won’t live up to their expectations. It seems the Fed will struggle to reach a clear consensus over how aggressive the March liftoff will be, so aggressive ‘buying the dip’ won’t be happening anytime soon. Economic conditions are still looking good this year but repositioning over valuat

31-01-2022 15:06 GMT by Edward Moya

Euro takes breather after rough week

The euro is calm on Monday, after enduring a brutal week. The US dollar was broadly higher last week and steamrolled over the euro, as EUR/USD fell 1.72%.

31-01-2022 09:15 GMT by Kenneth Fisher

Swiss franc losses piling up

The US dollar was a perfect five-for-five last week, as USD/CHF rose every day of last week, surging 2.09% on the week. The upswing has continued on Monday, as the Swiss franc touched its lowest level since November 26th earlier in the day. The US dollar has shined of late as the Federal Reserve is poised to begin raising rates.

31-01-2022 08:29 GMT by Kenneth Fisher

Canadian dollar starts week higher

It was a week to forget for the Canadian dollar. USD/CAD jumped 1.51%, marking the Canadian dollar's worst weekly performance since mid-August.

31-01-2022 06:22 GMT by Kenneth Fisher

Aussie storms higher, RBA next

We continue to see significant volatility from the Australian dollar. Last week, AUD/USD plunged 2.51%, its worst week since mid-August.

31-01-2022 04:46 GMT by Kenneth Fisher

Week Ahead - RBA, BOE, ECB, OPEC+, and NFP in focus

After a rollercoaster January, Wall Street is now expecting the Fed to aggressively raise interest rates over the course of the year as they scramble to control inflation. The US dollar is once again king as most economists are now expecting the Fed to deliver anywhere between 3-7 rate hikes this year. The upcoming week is filled with a few big rate decisions from the RBA, BOE, and ECB.

28-01-2022 16:29 GMT by Edward Moya

NZ dollar extends slide - how low will it go?

New Zealand dollar slides to 4-month low The New Zealand dollar is in trouble. NZD/USD is down 0.57% on Friday, after posting losses for six consecutive days.

28-01-2022 07:53 GMT by Kenneth Fisher

US dollar pummelling Swissie

The US dollar is running roughshod over the Swiss franc this week. USD/CHF has shot up 2.16% this week, rising to its highest level since November.

28-01-2022 04:34 GMT by Kenneth Fisher

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