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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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Markets Weekly Outlook - US Elections and Central Banks Lead the Way
Global markets experienced a mixed week, influenced by geopolitical risks and US jobs data revisions. The week ahead focuses on China's Standing Committee meeting, the US election and Central Bank Meetings. Wall Street indexes struggled, potentially due to high valuations and AI capital spend. Read More: GBP/USD Technical: Trendline Break Sets the Stage for Further Downside Week in Review: US Jobs Revised Downward After Positive GDP A mixed week comes to a close as markets deal with renewed geo
01-11-2024 12:27 GMT by Zain Vawda
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GBP/USD Technical: Trendline Break Sets the Stage for Further Downside
GBP/USD has broken below a long-term ascending trendline, signaling potential further downside. UK budget concerns and a drop in manufacturing PMI have contributed to the Pound's struggle. UK budget concerns and a drop in manufacturing PMI have contributed to the Pound's struggle. Most Read: Apple (AAPL), Amazon (AMZN) Earnings Preview: AI Capital Spending and iPhone Sales in Focus Cable has struggled this week following the UK budget. Pound Sterling should have appreciated against the greenbac
01-11-2024 06:52 GMT by Zain Vawda
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USD/JPY bounces back ahead of US jobs report
The Japanese yen is in negative territory on Friday after rising 0.89% a day earlier. In the European session, USD/JPY is trading at 152.82 at the time of writing, up 0.52% on the day. Markets brace for super-soft nonfarm payrolls The US releases the October employment report later today and the markets are bracing for a soft nonfarm payroll report of just 113 thousand.
01-11-2024 05:44 GMT by Kenneth Fisher
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EUR/USD shrugs as eurozone CPI rises to 2%
The euro is flat on Thursday after three straight winning days. In the European session, EUR/USD is unchanged on the day, trading at 1.0854. Eurozone CPI hits 2% target Eurozone inflation rose to 2% y/y in October, up from 1.7% in September and above the market estimate of 1.9%.
31-10-2024 11:50 GMT by Kenneth Fisher
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USD/JPY eyes Bank of Japan meeting
The Japanese yen continues to have a quiet week. In the North American session, USD/JPY is trading at 153.25, at the time of writing, down 0.07% on the day. Bank of Japan expected to stay on sidelines The Bank of Japan concludes its two-day meeting on Thursday and is widely expected to maintain policy settings, including its benchmark rate at 0.25%.
30-10-2024 14:21 GMT by Kenneth Fisher
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Australian dollar rises as CPI falls to 3.5-year low
The Australian dollar has broken a three-day skid and is in positive territory on Wednesday. In the North American session, AUD/USD is trading at 0.6577, up 0.26%. Australian inflation falls below 3% Australia’s inflation rate fell below 2.8% y/y in the third quarter, down sharply from 3.8% in the second quarter.
30-10-2024 12:42 GMT by Kenneth Fisher
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EUR/USD rises as German GDP beats forecast
The euro is up for a third straight day on Wednesday. In the European session, EUR/USD is trading at 1.0839 at the time of writing, up 0.20% on the day. Germany’s GDP for the third quarter surprised on the upside with a modest 0.2% gain.
30-10-2024 06:16 GMT by Kenneth Fisher
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UK Budget Preview: GBP/USD, GBP/JPY and EUR/GBP Price Action Ideas
UK Autumn Budget anticipation mounts as markets remain calm, unlike during the 'Trussonomics' era. GBP/USD faces a critical juncture at the 1.3000 level, with potential for both upside and downside breaks. GBP/JPY nears the 200.00 handle, a daily close above could trigger a run towards July highs. READ MORE: This article follows my previous GBP Price Action Ideas Piece on October 16. The GBP has steadily gained ground against the majority of G7 counterparts with the exception of the US Dollar a
29-10-2024 14:17 GMT by Zain Vawda
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Gold (XAU/USD) Price Reclaims $2750/oz Amid Record $3 Billion Inflows into Gold Funds
Gold prices surge past $2750 per ounce on record inflows into gold funds. Gold ETFs saw a massive $3 billion investment last week, the second-largest increase ever. Year-to-date gains for gold are at 33%, setting the stage for its best year since 1979. Despite a strong US dollar, gold's rally remains unfazed, with safe-haven appeal outweighing dollar strength amid rising global uncertainties.
29-10-2024 07:25 GMT by Zain Vawda
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Markets Weekly Outlook - ‘Magnificent 7’ Earnings, BoJ Meeting and US Jobs Data
Markets are in a holding pattern as investors weigh risks and uncertainties ahead of a busy week filled with key events. The US election is drawing closer, and markets may react to the possibility of a Trump victory, which could lead to a rise in the US Dollar and inflation expectations. The Bank of Japan (BoJ) meeting is a highlight in Asia, with market expectations leaning towards no rate hike. In the UK, the first budget by the Labor Party under Chancellor Rachel Reeves is highly anticipat
25-10-2024 12:43 GMT by Zain Vawda
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Pound higher despite weak PMI data
The British pound is steady on Friday. In the European session, GBP/USD is trading at 1.2986, up 0.07% on the day. UK PMIs decelerate in October UK PMI releases on Thursday pointed to weaker activity in October in the manufacturing and services sectors.
25-10-2024 08:22 GMT by Kenneth Fisher
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Tokyo Core CPI complicates BoJ’s rate plans
The Japanese yen is showing limited movement on Friday. In the European session, USD/JPY is trading at 151.94, up 0.09%. Tokyo Core CPI falls below BoJ's target Tokyo Core CPI, a leading indicator of inflation trends in Japan, fell to 1.8% y/y in October, down from 2% in September and just above the market estimate of 1.7%.
25-10-2024 05:21 GMT by Kenneth Fisher
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USD/JPY Technical: 4-week of JPY persistent weakness led by political factors
The recent movement of the USD/JPY has been influenced primarily by political factors. The JPY has weakened significantly due to the growing risk that the current LDP-led coalition may lose its majority seats after this Sunday, 27 October snap election. Watch the 151.10 key short-term support on the USD/JPY. This is a follow-up analysis of our prior report “USD/JPY Technical: Potential bearish reversal in US dollar strength below 200-day moving average” published on 21 October 2024. Click here
25-10-2024 05:18 GMT by Kelvin Wong
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