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.

Sterling starts New Year with sharp losses

The British pound has started 2025 with sharp losses. In the North American session, GBP/USD is currently trading at 1.2373, down 1.1% on the day. British pound can't find its footing The US dollar has flexed its muscles in recent months and the pound has faltered, sliding 8% since October 1.

02-01-2025 11:53 GMT by Kenneth Fisher

Euro slides to lowest level in over two years

The euro has taken a tumble on Thursday. In the North American session, EUR/USD is currently trading at 1.0246, down 1.06% on the day.

02-01-2025 10:53 GMT by Kenneth Fisher

A December to forget for the yen

As the global markets reopen have the New Years' Day, Japanese markets are closed for a holiday. It's a very light economic calendar today, with no Japanese releases and only one US tier event - unemployment claims.

02-01-2025 07:19 GMT by Kenneth Fisher

EUR/USD Tug-of-War Continues, US Dollar Index (DXY) Steady

EUR/USD remains range bound as the year comes to a close, with the pair trading just above 1.0400. ECB policymakers are cautious about future rate cuts due to a sluggish Euro. The US Dollar Index (DXY) held its gains last week, supported by positive US data. The lack of liquidity may mean that upcoming US economic data (Pending Home Sales and Chicago Purchasing Managers Index) has little impact on the US Dollar.

30-12-2024 04:47 GMT by Zain Vawda

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Markets Weekly Outlook - PMI Data and Increased Liquidity to Drive Markets

US equities experience volatility amid tech and growth stock fluctuations, ending the Santa Rally week with marginal gains. Japanese Yen strengthens due to expected Bank of Japan policy changes, while US Dollar continues its advance. Key data releases next week include Chinese PMI data and US manufacturing PMI, with market focus on potential economic recovery signs in China and continued US resilience.

27-12-2024 13:21 GMT by Zain Vawda

Japan's corporate service inflation rises, yen steady

The Japanese yen is showing little movement on Christmas Day. Japanese markets are open but with most global markets closed for the holiday, the currency markets will be very quiet today.

25-12-2024 05:16 GMT by Kenneth Fisher

USD/JPY calm as BoJ Core CPI rises

The Japanese yen is showing limited movement on Tuesday. In the North American session, USD/JPY is trading at 157.33, up 0.11% on the day at the time of writing. The yen is having a dreadful time as it continues to lose ground against the strong US dollar.

24-12-2024 12:26 GMT by Kenneth Fisher

Canada's economy contracts in November

The Canadian dollar is showing little movement on Tuesday. In the North American session, USD/CAD is trading at 1.4385, up 0.08% at the time of writing. Canada's GDP declines for first time in 11 months The GDP report on Tuesday was a good news-bad news event.

24-12-2024 11:01 GMT by Kenneth Fisher

RBA more confident about rate cut, Aussie shrugs

The Australian dollar has posted slight losses on Tuesday. In the European session, AUD/USD is trading at 0.6247, down 0.18% at the time of writing. RBA minutes hint at rate cut The Reserve Bank of Australia minutes from the December meeting were significant although they didn't have much impact on the Australian dollar. The minutes signaled that the RBA is increasingly confident that inflation is moving sustainably towards the Bank's target range of 2% to 3%.

24-12-2024 06:20 GMT by Kenneth Fisher

Gold (XAU/USD) Technical Analysis: Bullish Structure Emerges

Gold prices start the week lower as the US Dollar strengthens due to averted government shutdown and expectations of a stronger dollar in 2025. Gold's safe haven appeal may be tested by geopolitical risks in Syria and the ongoing Russia-Ukraine conflict. Technical analysis suggests a bullish structure for Gold on a four-hour timeframe, with a potential for further upside if the "Golden Ratio" price level holds.

23-12-2024 11:47 GMT by Zain Vawda

AUD/USD lower ahead of RBA minutes

The Australian dollar has posted losses on Monday. Early in the North American session, AUD/USD is trading at 0.6227, down 0.31% at the time of writing. Market hopes for rate path hints from RBA minutes It's a very light calendar week, with the Christmas holiday just around the corner.

23-12-2024 11:30 GMT by Kenneth Fisher

Canadian dollar eyes GDP

The Canadian dollar posted its fourth straight losing week, declining about 1%. In Monday's European session, USD/CAD is trading at 1.4397, up 0.16% at the time of writing. Canada's GDP expected to remain at 0.1% The market is keeping expectations low for today's GDP report, with a forecast of 0.1% m/m for October after a 0.1% gain in September.

23-12-2024 06:15 GMT by Kenneth Fisher

Markets Weekly Outlook - S&P 500 in Focus as Markets Brace for Holiday Lull

The Federal Reserve's policy change and economic projections have significantly impacted markets, leading to a rise in US yields. The US PCE data released on Friday rose less than expected, alleviating some selling pressure on US equities. The Bank of Japan held rates steady, defying expectations of a rate cut, while the risk of a U.S. government shutdown increased. The upcoming week is expected to have thin liquidity and range-bound trade due to the Christmas holiday and a bank holiday in the U

20-12-2024 12:26 GMT by Zain Vawda

Yen rises on stronger inflation

The Japanese yen has reversed directions on Friday after sharp losses a day earlier. Early in the North American session, USD/JPY is trading at 156.54, down 0.53% on the day at the time of writing.

20-12-2024 09:01 GMT by Kenneth Fisher

Swiss franc higher, Swiss CPI next

The Swiss franc has started the week with gains. In the North American session, USD/CHF is trading at 0.9048, down 0.40% on the day at the time of writing.

20-12-2024 08:10 GMT by Kenneth Fisher

USD/CAD steady ahead of retail sales

The Canadian dollar is showing limited movement on Friday. In the European session, USD/CAD is trading at 1.4384, down 0.11% at the time of writing.

20-12-2024 05:57 GMT by Kenneth Fisher

British pound stabilizes as retail sales edge up

The British pound has steadied on Friday, after sliding 1.6% in the past two days. In the European session, GBP/USD is trading at 1.2510, down 0.10% on the day at the time of writing. Retail sales point to weak Christmas spending UK retail sales posted a small gain of 0.2% m/m in November.

20-12-2024 04:42 GMT by Kenneth Fisher

BoE holds rates, pound surrenders gains

The British pound rose as much as 0.70% today but has given up almost all of these gains. In the North American session, GBP/USD is trading at 1.2560, down 0.10% on the day at the time of writing. BoE stays on the sidelines, says cuts will be 'gradual' The Bank of England joined the parade of central bank rate announcements earlier today.

19-12-2024 10:47 GMT by Kenneth Fisher

USD/JPY hits 5-mth high after BoJ holds rates

The Japanese yen continues its rapid descent and is sharply lower on Thursday. In the North American session, USD/JPY is trading at 156.82, up 1.3% on the day.

19-12-2024 09:10 GMT by Kenneth Fisher

NZ dollar plunges after hawkish Fed, soft NZ GDP

The New Zealand dollar had a miserable Wednesday, plummeting 2.3%. NZD/USD has reversed directions Thursday and is trading at 0.5659 in the European session, up 0.66% on the day at the time of writing.

19-12-2024 07:14 GMT by Kenneth Fisher

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