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 rises ahead of BoC decision

The Canadian dollar is usually sleepy before the North American session. Today has been unusual, with the currency showing recording steady gains in the Asian and European sessions.

26-01-2022 05:53 GMT by Kenneth Fisher

Euro drifting ahead of FOMC meeting

The euro continues to have a quiet week and is trading just shy of the 1.13 level. All eyes on FOMC It has been a calm week for the euro, but that could change later today when the FOMC releases its policy decision. Fed policy makers are in an unenviable position, as they strive to find that proper balance between responding to the inflation threat while also being careful not to be overly aggressive in raising interest rates. If the markets feel that the Fed has not achieved this delicate ba

26-01-2022 04:08 GMT by Kenneth Fisher

Gold rally, oil higher on geo risks

Gold/FX Gold is rallying as investors run to safety over fears the Fed will aggressively tighten policy and as the list of geopolitical risks continues to grow: The Russian-Ukraine standoff will remain a tense situation for the foreseeable future, North Korea may resume nuclear tests, and Iran nuclear talks are approaching a decisive moment. The dollar edged higher as the Treasury steadied into the start of the two-day FOMC policy meeting. Oil rises over Russia/Ukraine jitters Geopolitical r

25-01-2022 15:21 GMT by Edward Moya

Euro falls, German business climate rebounds

The euro has fallen below the 1.13 level in Tuesday trade. EUR/USD is trading at 1.1266 in the North American session, down 0.55% on the day. Risk appetite down, greenback up The US dollar is higher against all the majors except for the yen, as risk sentiment has taken a tumble.

25-01-2022 10:31 GMT by Kenneth Fisher

Oil picture favourable, gold well supported

Fundamentals remain bullish for oil Oil got caught up in the sell-everything panic at the start of the week, sliding more than 3% at one stage before recovering a little. There wasn't much sense behind the move, but the fact that the dollar was strengthening and crude was already seeing profit-taking after peaking just shy of USD 90, probably contributed to it. The market remains fundamentally bullish and conflict with Russia does nothing to alleviate supply-side pressures.

25-01-2022 09:25 GMT by Craig Erlam

Swiss franc extends slide

The Swiss franc is down sharply on Tuesday, with USD/CHF climbing above the 92 line for the first time in two weeks. In the North American session, USD/CHF is trading at 0.9184, up 0.58% on the day. Investors will be keeping an eye on Swiss Economic Expectations which will be released on Wednesday.

25-01-2022 09:15 GMT by Kenneth Fisher

Dollar pushes yen above 114

The Japanese yen is slightly lower, as USD/JPY is trading at the 114 line in the European session. BoJ Core CPI rises After years of deflation, Japanese inflation indicators continue to point upwards. The latest gauge to confirm the upswing was BoJ core inflation for December, which rose from 0.8% to 0.9% y/y, above the consensus of 0.7%.

25-01-2022 07:33 GMT by Kenneth Fisher

Aussie yawns after inflation surges

The Australian dollar is flat on Tuesday, trading quietly at 0.7140 in the European session. Q4 inflation higher than expected Inflation remains on the move, as fourth-quarter CPI beat expectations. CPI climbed 1.3% q/q (1.0% exp.), up from 0.8% in Q2.

25-01-2022 04:58 GMT by Kenneth Fisher

Oil prices ease, gold pares gains

Oil lower but fundamentals remain bullish Oil prices are lower at the start of the week as we continue to see some profit-taking alongside another hit to risk appetite. It's been a remarkable rally and there's nothing to suggest that prices are peaking.

24-01-2022 11:39 GMT by Craig Erlam

Euro dips despite strong mfg. data

The euro has edged lower at the start of the week and dipped below the 1.13 line in the European session. EUR/USD is trading at 1.1315 in the North American session, down 0.25% on the day, as the US dollar is broadly higher. German PMIs outperform The week started with strong German data, as PMIs pointed to faster expansion in manufacturing and services for January.

24-01-2022 11:19 GMT by Kenneth Fisher

Canadian dollar extends slide

The Canadian dollar has started the week with losses, continuing the downswing we saw on Friday. USD/CAD is up over 1% since Thursday, as the US dollar is broadly higher against the major currencies. The week ended on a sour note for the Canadian dollar, due to weak Canadian data.

24-01-2022 10:23 GMT by Kenneth Fisher

Japanese yen at 5-week high

After gaining ground over three straight sessions, the Japanese yen has paused on Monday, as it trades around 113.80. Markets eye BoJ inflation gauge Inflation indicators continue to garner attention in Japan, which is showing inflationary pressures after years of deflation. December core CPI climbed 0.5% y/y, just shy of the 0.6% forecast.

24-01-2022 07:01 GMT by Kenneth Fisher

Aussie falls to 2-week low

The Australian dollar is in negative territory to start the week. AUD/USD is down about one percent since Thursday as the pair remains under pressure ahead of the Australian CPI release on Tuesday.

24-01-2022 05:11 GMT by Kenneth Fisher

Pound dips after soft retail sales

The British pound has edged lower in Friday trading. In the European session, GBP/USD is trading at 1.3558, down 0.28% on the day. UK Retail Sales slide UK retail sales had a dismal December.

21-01-2022 07:44 GMT by Kenneth Fisher

USD/JPY dips ahead of Japanese CPI

The Japanese yen has edged higher for a second straight day. In the North American session, USD/JPY is trading at the 114.00 line. In economic news, Japan releases December inflation data and the BoJ will publish the minutes of its December meeting.

20-01-2022 12:09 GMT by Kenneth Fisher

EUR/USD - Making a comeback?

OANDA Senior Market Analyst Craig Erlam discusses EURUSD as it appears to be fighting back following a big decline in 2021.

20-01-2022 11:20 GMT by Craig Erlam

Euro drifting as CPI hits 5%

The euro is steady on Thursday, as EUR/USD trades at 1.1330 in the North American session. Eurozone CPI hits 5.0% Inflation has been the buzzword across the major economies, boosted by soaring energy costs and supply bottlenecks which have resulted in shortages in some products. In the eurozone, inflation ticked up from 4.9% to 5.0% y/y in December.

20-01-2022 10:58 GMT by Kenneth Fisher

CAD edges up as inflation soars

The Canadian dollar has posted slight gains and has pushed USD/CAD back below the 1.25 line. Canadian inflation hits 30-year high Investors are getting accustomed to seeing headlines that inflation has surged to 30-year highs. First, it was US inflation, followed by the UK just this week, and now Canada has joined the club of surging inflation.

20-01-2022 07:52 GMT by Kenneth Fisher

Aussie extends gains on jobs data

The Australian dollar is in positive territory for a second straight day. In the European session, AUD/USD is trading at 0.7233, up 0.30% on the day.

20-01-2022 05:39 GMT by Kenneth Fisher

Rollercoaster stock ride, globally hot CPI reports, earnings, US housing data, BOC to hike, yields reverse, bitcoin struggles

Stocks went on a wild ride as global bond yields reacted to a steady stream of hot global inflation reports, decent earnings, all while the Nasdaq tentatively fell to correction territory. Inflation in both Canada and the UK hit the highest level in three decades. There is a 75% chance the Bank of Canada will hike interest rates next week and the BOE should deliver a second rate hike at the next meeting on February 3rd.

19-01-2022 15:34 GMT by Edward Moya

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