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.

Markets Weekly Outlook - Inflation Data & Geopolitics to Dominate

Weak PMI data from Europe and the UK raise concerns about global economic outlook and sent the EUR and GBP tumbling. Escalating tensions in Russia-Ukraine and the Middle East add to market uncertainty. Upcoming PCE inflation data will influence Fed policy and market sentiment. Read More: Gold Price Analysis: Is the $2,600 Breakout a Bullish Signal or a Temporary Retracement? Week in Review: DXY Continues Advance, as EU and UK Growth Struggles Continue Europe and the UK are the biggest losers t

22-11-2024 12:24 GMT by Zain Vawda

USD/CAD flirting with 140, retail sales next

The Canadian dollar is lower on Friday. In the North American session, USD/CAD is trading at 1.3998 at the time of writing, up 0.16% on the day.

22-11-2024 05:43 GMT by Kenneth Fisher

British retail sales decline, pound extends losses

The British pound is lower for a straight third trading day on Friday. In the North American session, GBP/USD is trading at 1.2543, down 0.36% on the day. UK retail sales weaker than expected UK retail sales disappointed in October, with a sharp decline of 0.7% m/m.

22-11-2024 04:22 GMT by Kenneth Fisher

British pound falls to 6-month low, retail sales next

The British pound has lost ground on Thursday. In the North American session, GBP/USD is trading at 1.2506, down 0.44% on the day.

21-11-2024 16:03 GMT by Kenneth Fisher

Yen jumps as BoJ’s Ueda hints at rate hike

The Japanese yen has posted strong gains on Thursday. In the European session, USD/JPY is trading at 154.34, down 0.70% on the day. Ueda says rate decision will depend on data Bank of Japan Governor Ueda’s remarks are always closely monitored and often move the financial markets.

21-11-2024 08:18 GMT by Kenneth Fisher

Euro slides after ECB financial stability review

The euro is down sharply on Wednesday. In the North American session, EUR/USD is trading at 1.0510, down 0.80% on the day at the time of writing. ECB Financial Stability Review warns of debt crisis Financial stability reviews seldom make the headlines, unless the message is a stark one.

20-11-2024 11:44 GMT by Kenneth Fisher

UK inflation jumps to 2.3% in October

The British pound has edged lower on Wednesday. In the North American session, GBP/USD is trading at 1.2653, down 0.21% at the time of writing. UK inflation higher-than-expected UK inflation rose to 2.3% year-on-year in October, compared to 1.7% in September and above the market estimate of 2.2%.

20-11-2024 10:22 GMT by Kenneth Fisher

GBP/USD, GBP/JPY Price Action Ideas Post UK Inflation Release

UK Inflation rises to a 6-month high of 2.3% in October, driven by services inflation. GBP/USD faces downside pressure but could rally if the daily candle closes above 1.2680. GBP/JPY shows mixed technical signals with a potential for upside in the short term. Most Read: Gold Price Analysis: Is the $2,600 Breakout a Bullish Signal or a Temporary Retracement? The GBP received a shot in the arm this morning owing to an uptick in UK inflation data. Market participants immediately repricing their r

20-11-2024 05:58 GMT by Zain Vawda

UK inflation expected to jump to 2.2%

The British pound is steady on Tuesday. In the North American session, GBP is trading at 1.2678 at the time of writing, unchanged on the day.

19-11-2024 12:48 GMT by Kenneth Fisher

USD/CAD lower after Cad. CPI rises to 2%

The Canadian dollar is higher on Tuesday. In the North American session, USD/CAD is trading at 1.3975 at the time of writing, down 0.29% on the day. Canadian inflation hits 2%, higher than expected Canada’s inflation rate rose to 2% y/y in October, higher than the 1.6% gain in September, which was a three-year low.

19-11-2024 11:03 GMT by Kenneth Fisher

Aussie shrugs after RBA says no rush to ease

The Australian dollar is showing limited movement on Tuesday. In the European session, AUD/USD is trading at 0.6501, down 0.14% on the day.

19-11-2024 07:50 GMT by Kenneth Fisher

Japanese yen declines on BoJ’s Ueda cautious remarks

The Japanese yen is lower on Monday. In the European session, USD/JPY is trading at 155.08, up 0.51% on the day. Ueda says 'maybe' to rate hike Bank of Japan Governor Ueda sent mixed signals about a rate hike in December, leaving investors unclear and sending the yen lower against the US dollar.

18-11-2024 11:58 GMT by Kenneth Fisher

Will the Fed-ECB Policy Gap Sink the Euro? EUR/USD Analysis

EUR/USD faces pressure due to a strong US Dollar and concerns about the ECB's policy direction. The US election and potential trade war concerns are weighing on the Euro. The interest rate differential between the Fed and ECB is a key factor to watch. Most Read: Markets Weekly Outlook – PMI Data, UK Inflation and the Soft Landing Conundrum The US Dollar bulls continue to hold firm at the start of the week following signs that some weakness may materialize.

18-11-2024 08:08 GMT by Zain Vawda

New Zealand dollar slips to one-year low on weak Services PSI

The New Zealand dollar has started the trading week with losses. In the European session, NZD/USD is trading at 0.5837, down 0.50% on the day.

18-11-2024 07:14 GMT by Kenneth Fisher

Markets Weekly Outlook - PMI Data, UK Inflation and the Soft Landing Conundrum

US Dollar Index rally continues and the impact of a strong US dollar on global markets. Examining upcoming PMI data from the Euro Area and UK CPI figures, and their potential market implications. Assessing the likelihood of further rate cuts by the Federal Reserve and the Bank of England. Providing insights on market trends and potential volatility in the coming week.

15-11-2024 12:44 GMT by Zain Vawda

Aussie stabilizes, China retail sales rise

The Australian dollar is steady after a five-day slide, which saw the currency fall by 3.5% during that period. In the European session, AUD/USD is trading at 0.6471, up 0.28% on the day. China retail sales beats expectations China retail sales, a key indicator of domestic consumption, jumped 4.8% y/y in October, up sharply from 3.2% in September and above the market estimate of 3.8%.

15-11-2024 06:03 GMT by Kenneth Fisher

UK economy contracts in September, pound shrugs

The British pound has stabilized on Friday after four straight losing sessions. In the European session, GBP is trading at 1.2666, up 0.02%.

15-11-2024 04:39 GMT by Kenneth Fisher

Japan GDP beats forecast, yen ends skid

The Japanese yen is in positive territory today, putting the brakes on a four-day skid. In the European session, USD/JPY is trading at 155.54 down 0.45% on the day. Japan GDP climbs 0.9% Japan’s economy expanded by 0.9% in the third quarter, below the revised 2.2% gain in Q2 but above the market estimate of 0.7%.

15-11-2024 03:50 GMT by Kenneth Fisher

Trading USD/CHF: What to Expect After the US Dollar's Multi-Month Highs

USD/CHF is facing resistance at the 0.8900 handle after breaking above the 200-day MA. The US Dollar Index (DXY) is also at multi-month resistance, raising questions about a potential pullback. The Swiss Franc's recent weakness will be welcomed by Swiss exporters and eases pressure on the Swiss National Bank (SNB). Most Read: Stock Market Today: Earnings Drive Disney Up, Cisco Down; S&P 500, Nasdaq Await Fed Signals USD/CHF has run into resistance around the 0.8900 handle having broken above th

14-11-2024 13:52 GMT by Zain Vawda

USD/JPY hit 15-week high, Japan GDP next

The Japanese yen is lower for a fourth straight trading day and has declined 2.1% during that time. In the North American session, USD/JPY is trading at 155.85 up 0.25% on the day. Japan GDP expected to decelerate in Q3 The markets are braced for a sharp slowdown in third-quarter GDP, which will be released early Friday.

14-11-2024 12:01 GMT by Kenneth Fisher

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