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.

Currency markets nervously range-trade

US dollar looking for direction The US dollar rallied sharply overnight as US equities headed south, only to give back most of those gains towards the end of the New York session as the Nasdaq recovered. US bond markets provided no direction with yields almost unchanged.

11-01-2022 06:07 GMT by Jeffrey Halley

US Close: Stocks slump as inflation fears drive Fed rate hike expectations, Dollar follows Treasury yields

US stocks are sliding as surging pricing pressures have the Fed on a fast-track to get rates back to neutral. Every trader over the weekend read the Goldman note that eyed four Fed rates hikes and balance sheet runoff in July, if not sooner. Surging yields are kryptonite for many tech stocks and that theme won't change until after we get past the first couple rate hikes. Today is all about risk aversion as fears grow that financial markets completely misread the Fed's scramble to battle inflat

10-01-2022 14:23 GMT by Edward Moya

Aussie steady ahead of retail sales

The Australian dollar is trading quietly at the start of the week. In the North American session, AUD/USD is trading at 0.7172, down 0.14% on the day. US dollar unable to capitalize on soft NFP December job numbers in the US were mixed.

10-01-2022 12:23 GMT by Kenneth Fisher

Canadian dollar dips as US dollar recovers

The Canadian dollar has started the week in negative territory. In the North American session, USD/CAD is trading slightly below the 1.27 line.

10-01-2022 11:01 GMT by Kenneth Fisher

Euro edges lower at start of week

The euro is in negative territory at the start of the new trading week. EUR/USD is trading around 1.1320 in the European session. Investment confidence up, unemployment down The week kicked off with positive European events, although the euro was unable to gain any ground.

10-01-2022 07:42 GMT by Kenneth Fisher

Oil and gold directionless

Oil ignores US jobs data Oil prices were almost unchanged on Friday, with Brent crude and WTI maintaining their gains even as headline US jobs data came in soft. Brent crude edged 0.20% lower to USD 81.80, and WTI fell 1.0% to USD 78.85 a barrel.

10-01-2022 05:23 GMT by Jeffrey Halley

The US dollar retreats

US dollar dips after weak nonfarm payrolls Perhaps the most surprising move post the US Non-Farm Payrolls, came from the US dollar, which staged a sharp retreat versus major currencies, even as US yields rose. The dollar index slumped 0.52% to 95.74, before recovering to 95.90 in Asia today.

10-01-2022 05:15 GMT by Jeffrey Halley

Asia struggling for conviction

US jobs data a mixed bag The conflicting hodgepodge of US employment data released on Friday night hasn’t given Asia much in the way of themes to hang their hats on today, complicated by a Japanese holiday reducing liquidity. An underlying theme of caution still permeates the region, but it is a very mixed picture in equity markets across the region, while currency markets look like they are stuck in the mud, going nowhere fast. On Friday, the US Non-Farm Payrolls disappointed, adding only 199

10-01-2022 04:39 GMT by Jeffrey Halley

Week Ahead - Earnings season is upon us

It's been quite the start to the year, with omicron fears subsiding only to be replaced by interest rate anxiety once more. This could be the theme for the coming months, as policymakers are forced to take inflationary pressures more seriously in the hope that a little now will prevent the need for a lot more later.

07-01-2022 12:50 GMT by Craig Erlam

NFP React: Wages and Unemployment suggest March is a go for the Fed, Yields rise

A big deceleration in hiring will do little to change the Fed’s hawkish course. Today's nonfarm payroll report required a good look at all the numbers and not just the headline miss.

07-01-2022 12:11 GMT by Edward Moya

Oil rally, bullish gold case weak, bitcoin lower

Oil at two month high as OPEC struggles to hit quotas Oil prices are continuing to climb at the end of the week as unrest in Kazakhstan and lower output from Libya further hamper producers' ability to gradually return to pre-pandemic levels. We are already seeing OPEC+ struggle to deliver the agreed 400,000 barrel per day increase and this is further exacerbating the problem. And it's happening at a time when demand is expected to remain strong thanks to omicron symptoms being mild by comparison

07-01-2022 11:50 GMT by Craig Erlam

Pound steady as markets eye NFP

UK Construction PMI cools off The UK Construction PMI for December indicated that growth at cooled off and fallen to a 3-month low. The PMI slowed to 54.3, down from 55.5 in November.

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

Canadian dollar calm ahead of job reports

The Canadian dollar is on a holding pattern ahead of key Canadian and US employment reports later today. Currently, USD/CAD is trading just above the 1.27 line. Nonfarm payrolls could shake up US dollar It could be an active North American session for the Canadian dollar, with the release of Canada's job creation numbers and the US nonfarm payrolls.

07-01-2022 06:30 GMT by Kenneth Fisher

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

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