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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.

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Japanese GDP revised upwards, US NFPs jump
The Japanese yen has edged lower on Monday. In the European session, USD/JPY is trading at 150.42, up 0.26% on the day. Japan's GDP revised upwards in Q3 Japan's economy expanded in the third quarter by 0.3% q/q, according to the final estimate.
09-12-2024 06:25 GMT by Kenneth Fisher
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Markets Weekly Outlook - Central Bank Focus as US Inflation Looms
US Jobs report all but confirms a December rate cut, with markets pricing in an 80% probability. Nasdaq nears 22,000 as US equities continue their strong performance, with the S&P 500 also hitting record highs. Global markets await US CPI and ECB decisions, with expectations of a 25 bps rate cut from the ECB. Focus for the week ahead includes US CPI, ECB decision, and Chinese inflation data. Read More: EUR/USD: Additional accommodative monetary policy guidance from the ECB may be forthcoming We
06-12-2024 15:00 GMT by Zain Vawda
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USD/CAD steady ahead of Can. job growth, US NFP
The Canadian dollar is showing small gains on Friday.  In the European session, USD/CAD is trading at 1.4041, up 0.12% at the time of writing. Canada's job growth expected to climb Canada releases job growth for November later today. The market estimate stands at 25 thousand, compared to 14.5 thousand in October. The modest growth in job creation has not kept pace with the labor force, which has rapidly expanded as a result of high immigration to Canada.
06-12-2024 07:11 GMT by Kenneth Fisher
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Euro rally ends, Eurozone GDP expected to accelerate
The euro is steady on Friday after jumping 0.7%  a day earlier. In the European session, EUR/USD is trading at 1.0581, down 0.06% at the time of writing. The eurozone wraps up the week with the GDP and job growth reports and the market is expecting an improvement.  Third-quarter GDP is expected to improve to 0.4% q/q from o.2% in the second quarter.
06-12-2024 05:51 GMT by Kenneth Fisher
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EUR/USD: Additional accommodative monetary policy guidance from the ECB may be forthcoming
Pronounced weakness in manufacturing activities in Germany may spread to the broader Eurozone. ECB may be forced to remove its “restrictive monetary policy” forward guidance next Thursday and evolve into a “recession fighting” move. The medium-term downtrend of EUR/USD remains intact but a mean reversion corrective rebound may occur first below 1.0770 key medium-term resistance.
06-12-2024 04:17 GMT by Kelvin Wong
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US Jobs Report Preview: Implications for DXY and Gold (XAU/USD)
US jobs report (NFP) is highly anticipated, with market expectations for a 200k payroll figure. The unemployment rate is also a key focus, with a potential slight uptick to 4.2%. A print in line with expectations could lead to short-lived US Dollar reactions. Gold prices are currently range-bound between $2600-$2660, with the 2655-2660 zone being a key resistance area. Goldman analyst forecasts and impacts of the NFP report.
06-12-2024 01:05 GMT by Zain Vawda
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British pound rises as UK Construction PMI jumps
The British pound has extended its gains for a third straight trading day. In the North American session, GBP/USD is trading at 1.2757, up 0.45% on the day. British UK Construction PMI accelerates in November The UK Construction sector rose to 55.2 in November, up from 54.3 in October and above the market estimate of 53.4.
05-12-2024 12:20 GMT by Kenneth Fisher
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Euro steady as France’s government collapses
The euro has been drifting most of this week and remains steady on Thursday. In the European session, EUR/USD is trading at 1.0533, up 0.22% at the time of writing. France in political chaos as government collapses France’s coalition government has collapsed after a no-confidence vote against the government passed on Wednesday.
05-12-2024 05:37 GMT by Kenneth Fisher
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EUR/USD Hugs 1.0500 Ahead of French No-Confidence Vote, Breakout Incoming?
EUR/USD hovers near 1.0500 as traders await the outcome of the French no-confidence vote. ECB policymakers suggest a 25 bps rate cut is likely in December. Technical analysis indicates key support and resistance levels for EUR/USD. Most Read: USD/JPY Technical Analysis: Is a Short-Term Pullback Imminent Despite USD/JPYs Slide? The 1.0500 continues to serve as a magnet for EUR/USD with the pair moving higher or lower for brief periods before finding its way back to the psychological level. It ap
04-12-2024 08:34 GMT by Zain Vawda
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Euro shrugs after eurozone services PMI contracts
The euro is almost unchanged on Wednesday. In the European session, EUR/USD is trading at 1.0506, up 0.02% at the time of writing. Eurozone Services PMI falls into contraction in November The monthly eurozone Services PMI reports can be viewed as report cards for business activity and the news wasn’t good in November.
04-12-2024 07:16 GMT by Kenneth Fisher
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USD/JPY Technical Analysis: Is a Short-Term Pullback Imminent Despite USD/JPYs Slide?
USD/JPY continues its decline, with a fresh low around 148.797. Bank of Japan (BoJ) Governor Ueda's hawkish rhetoric suggests a potential rate hike sooner than later. Technical analysis indicates a potential short-term pullback towards 150.00, despite the overall downward trend. Most Read: OPEC+ Meeting in Focus: Will Oil Production Cuts Continue Through March 2025? USD/JPY has continued its decline today having displayed some resilience with a brief pullback in part of the Asian and early Euro
03-12-2024 11:06 GMT by Zain Vawda
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Australian dollar eyes GDP
The Australian dollar is drifting on Tuesday. In the North American session, AUD/USD is trading at 0.6461, down 0.20% on the day at the time of writing. Australia’s GDP expected to improve in Q3 Australia’s economy is expected to improve in the third quarter, with a market estimate of 0.4% q/q.
03-12-2024 10:42 GMT by Kenneth Fisher
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Swiss CPI declines in November
The Swiss franc has edged upwards on Tuesday. In the European session, USD/CHF is trading at 0.8846, down 0.21% on the day. Is Switzerland facing deflation?
03-12-2024 07:20 GMT by Kenneth Fisher
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EUR/CHF: French’s political fiasco may trigger a major bearish breakdown
A no-confidence vote to remove French PM Barnier pushed out by the far-right National Rally party may topple the French government this week. A current political fiasco in France has triggered an increase in the credit risk premium on longer-term French sovereign bonds. A further uptick in French sovereign bonds’ credit risk premium may lead to a major bearish breakdown on the more risk-sensitive EUR/CHF cross pair. This is a follow-up analysis of our prior report, “EUR/CHF: Another potential d
03-12-2024 03:03 GMT by Kelvin Wong
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Euro slides on soft Eurozone Mfg. PMIs
The euro has started the trading week with sharp losses. In the European session, EUR/USD is trading at 1.0466, down 1%. Eurozone manufacturing depression deepens The eurozone manufacturing sector continues to decline and is slowing down the eurozone recovery.
02-12-2024 11:05 GMT by Kenneth Fisher
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