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.

Weekly Market Outlook: Central Banks, US Rates, and Trade War Impact
This week's market outlook analyzes key central bank decisions, with the Fed and BoE in focus. We also examine US equity fund flows, inflation data, and trade war impacts. Discover support and resistance levels for the S&P 500 and insights into FX and oil markets. Stay informed with our weekly financial market review.
by Zain Vawda
New Zealand dollar climbs as manufacturing improves
The New Zealand dollar is in positive territory on Friday.  NZD/USD is trading at 0.5722 in the European session, up 0.46% on the day. NZ Manufacturing PMI rises to near-three year high New Zealand's manufacturing sector improved in February, as Manufacturing PMI rose to 53.9, up from 52.5 in January.  This was the highest level since August 2022.  All sub-index values recorded increases, including production, new orders and employment.  The Manufacturing PMI has now recorded expansi
by Kenneth Fisher
GBP/USD shrugs as UK GDP unexpectedly declines
The British pound has edged lower against the US dollar on Friday.  GBP/USD is trading at 1.2928 in the European session, down 0.13% on the day. UK economy declines 0.1% in January The UK economy barely registered any growth in the second half of 2024, rising 0.1% in the third quarter and flatlining in the third quarter.  The New Year hasn't seen any improvement, as GDP contracted 0.1% m/m in January, after a 0.4% gain in December and missing the market estimate of 0.1%.
by Kenneth Fisher
Canadian dollar rises as BoC trims rates
The Canadian dollar is steady on Thursday.  In the European session, USD/CAD is trading at 1.4379, up 0.06% on the day. Bank of Canada lowers rates to 2.75% There was no surprise from the Bank of Canada, which lowered rates by a quarter-point, bringing the cash rate to 2.75% and giving a boost to the Canadian dollar.  The BoC has lowered rates at seven consecutive meetings and has chopped 225 basis points since last June. Behind the modest quarter-point cut, there is growing alarm at the Bank o
by Kenneth Fisher
US dollar climbs against yen on soft US CPI report
The Japanese yen has lost ground against the dollar for a second straight day.  In the North American session, USD/JPY is trading at 143.39, up 0.43% on the day.  Earlier, USD/JPY rose as much as 0.96% but pared much of those gains. US inflation lower than expected US inflation surprised on the upside in February.  Headline inflation eased to 0.2% m/m from 0.5% and below the market estimate of 0.3%. Annually, headline inflation dropped to 2.8% from 3% and below the market estimate of 2.9%. It w
by Kenneth Fisher
Canadian dollar calm ahead of BoC, US inflation
The Canadian dollar posted gains earlier but couldn't consolidate.  In the European session, USD/CAD is trading at 1.4439, up 0.03% on the day. Bank of Canada likely to cut by 25 bps It's decision day at the Bank of Canada, which is widely expected to lower rates by 25 basis points. This would lower the cash rate to 2.75%, its lowest level since July 2022.  The BoC has been aggressive and has lowered rates at six straight meetings, chopping 200 basis points during that time. The economy remains
by Kenneth Fisher
Markets steady after Monday sell-off
Join OANDA Market Analyst Kenny Fisher & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world.   https://open.spotify.com/episode/3KogqzdfyMS0rU7pk1ECUa?si=adfc29ef8f3745de
by Kenneth Fisher
Will Gold Rally? XAU/USD Price Outlook Amidst Economic Uncertainty
Gold prices are under pressure at the start of the week due to market caution surrounding rising tariffs, recessionary fears, and geopolitical uncertainty. US CPI data is expected later in the week, with potential for higher inflation to further impact market sentiment. Technical analysis indicates mixed signals for gold (XAU/USD), with a current downtrend on the H4. Most Read: Weekly Market Outlook: Trigger Uncertainty, Nasdaq in Correction & US CPI Data Ahead Gold is feeling a bit of pressure
by Zain Vawda
Canadian dollar drops after soft Canadian jobs report
The Canadian dollar is steady at the start of  the week. USD/CAD is trading at 1.4356, down 0.11% on the day.  The Canadian dollar declined 0.50% on Friday after Canada's job report  was weaker than expected. Canada's job growth grinds to a halt Canada's economy gained only 1.1 thousand jobs in February, well short of the market estimate of 20 thousand and following a strong gain of 76 thousand in January.  The labor market showed a burst of hiring over the past three months but fell flat in Feb
by Kenneth Fisher
Weekly Market Outlook: Trigger Uncertainty, Nasdaq in Correction & US CPI Data Ahead
Markets experienced turmoil this week, driven by investor concerns over the Trump administration's tariff policies. The US dollar is on track for its worst week in over a year, Nasdaq entered a correction. The Bank of Canada may cut rates due to tariff impacts and economic concerns. US CPI is also due in the week ahead, will it rescue the ailing US Dollar? Read More: Bitcoin’s (BTC/USD) Wild Ride – Open Interest, ETF Flows Amid Trump’s Crypto Remarks Week in Review: Fear is Rising but US Labor
by Zain Vawda
Yen extends gains, markets eye US nonfarm payrolls
Japanese yen extends rally for a third consecutive day BoJ's Uchida says rate hikes still on the table despite tariff concerns US nonfarm payrolls expected to edge slightly The Japanese yen has extended its gains on Friday.  In the European session, USD/JPY is trading at 147.79, down 0.13% on the day. It was a light calendar in Japan this week but that didn't stop the yen from taking advantage of a broadly weaker US dollar.  The yen has posted gains of 1.9% against the US dollar this week and
by Kenneth Fisher
US, Canada release job numbers - will Canadian dollar's rally continue?
The Canadian dollar is on a three-day winning streak, gaining 1.2% during that time.  USD/CAD is trading quietly at 1.4316 in the European session, up 0.14% on the day.  We could see volatility from the pair later today, as both Canada and the US releases employment reports. Canada's job growth expected to drop sharply Canada's economy remains weak but the labor market has been surprisingly resilient. The economy added 76 thousand jobs in January and 90.9 thousand a month earlier.
by Kenneth Fisher
EUR/USD keeps rolling after ECB rate cut
Euro rally continues ECB lowers rates by 25 bps to 2.5% ECB's Lagarde warns of growing risks and uncertainty US nonfarm payrolls expected to rise slightly to 160 thousand The euro has posted strong gains on Friday after taking a pause a day earlier.  EUR/USD is trading at 1.0858 in the European session, up 0.69% on the day.  It's been a remarkable week for the euro, which has soared 4.7% against the US dollar. ECB cuts but Lagarde warns of uncertainty The ECB lowered rates by 25 basis points on
by Kenneth Fisher
NFP Preview: February 2025 Jobs Report and US Dollar Impact
The US Bureau of Labor Statistics will release the non-farm payroll (NFP) and jobs data for February 2025 on Friday, March 7th, 2025. Economists are predicting 170,000 jobs added and the unemployment rate holding steady at 4.0%. Key factors influencing February's jobs report include potential federal job cuts, changes in trade policies, a strong services sector, and mild weather conditions. Technical analysis of the US Dollar Index (DXY) shows it at a crossroads, where to next? Most Read: Dow J
by Zain Vawda
ECB Expected to Cut Rates: What It Means for the Euro and Markets
A 25 basis point cut to the ECB deposit facility rate is widely anticipated, marking the seventh cut in the current cycle. The ECB continues to cut rates amid slow Eurozone growth, while the Federal Reserve pauses, creating a notable divergence in monetary policy. What next for EUR/USD? Most Read: Dow Jones (DJIA) Holds Support: Tariffs, Data & US Auto Tariff Exemption A 25 basis point cut to the ECB deposit facility rate is fully expected today. However, the chances of another cut in April are
by Zain Vawda
Canadian dollar higher as US suspends auto tariffs
The Canadian dollar is steady on Thursday after gaining around 1% over the past two days.  In the European session, USD/CAD is trading at 1.4351, up 0.07% on the day.  We could see some volatility from the Canadian dollar over the next two days, with the release of the Ivey PMI today and the employment report on Friday. US suspends auto tariffs but trade tensions with Canada remain The Trump tariff saga took a twist on Wednesday, as the US announced it would exempt automakers in Canada and Mexic
by Kenneth Fisher
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