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.

Australian dollar dips, services PMI beats estimate
The Australian dollar has snapped a three-day rally on Thursday.  In the European session, AUD/USD is trading at 0.6266, down 0.27% on the day.  After sliding to a 5-year low on Monday, the Aussie has recovered and gain 0.9% this week. Australia's PMI stronger than expected It's been a good week for Australian PMIs.  On Monday, Manufacturing PMI climbed back into positive territory in January and rose to a revised 50.2
by Kenneth Fisher
GBP/USD Technical: BoE’s hawkish cut is being priced in, but GBP bulls are now approaching a key resistance
GBP/USD has rallied by 2.1% from Monday, 3 February swing low. The 2-year yield premium shrinkage between UK sovereign fixed income over the US Treasury Note may trigger a bearish reversal on the GBP/USD. Watch the key medium-term resistance of 1.2610 on the GBP/USD. Since its swing low of 1.2249 printed on Monday, 3 February, the GBP/USD has rallied for three consecutive sessions with a gain of 2.1% and hit an intraday high of 1.2550 on Wednesday, 5 February.
by Kelvin Wong
GBP/USD Analysis: Bank of England Decision Looms - What to Expect?
The Bank of England (BoE) is expected to announce a 25 bps rate cut on February 6, 2025. Weak UK Data and ongoing trade war and geopolitical risks pose threat to BoE policy. Key levels to watch are 1.2500 (resistance) and 1.2466 (support). Governor Bailey comments and press conference are key to future policy hints. The Bank of England (BoE) is to announce its latest monetary policy decision on February 6, 2025, in what is shaping up to be one of the most closely watched meetings recently
by Zain Vawda
Market Insights Podcast - US services growth slows, oil slide continues
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. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets.
by Kenneth Fisher
USD/JPY Trading Outlook: Testing Support at 100 & 200-day MA
USD/JPY is testing a crucial support level. BOJ rate hike expectations are growing on the back of strong data. Key support levels are at 151.53 and 150.00, while resistance levels are at 153.91, 155.00, and 156.27. Most Read: Brent Crude Oil Analysis: Iran Tensions, OPEC+ and Price Trends USD/JPY has found some support following a 150 pip drop during the Asian and early European sessions. The pair has found some support at a key confluence level where both the 100 and 200-day MA rests.  Will we
by Zain Vawda
Gold: Stagflation fears are supporting fresh new all-time highs
5-year and 10-year US breakeven inflation rates have just staged a major bullish breakout from a two-year plus of basing formation. Trade War 2.0 involves the US and other major trading partners that may disrupt international trade and dampen global economic growth. The resurgence of stagflation risk has triggered bullish movements on Gold (XAU/USD). Watch the US$2,716 key medium-term support on Gold (XAU/USD).
by Kelvin Wong
New Zealand dollar eyes NZ employment
The New Zealand dollar is trading at 0.5608 in the European session, down 0.35% on the day. On Monday, NZD/USD fell as much as 1.2% but managed to recover most of these losses. New Zealand employment expected to decline New Zealand releases its employment report on a quarterly basis and we'll get a look at data for the fourth quarter 2024 later today.  The market estimate stands at -0.2% q/q, following a reading of -0.5% in the third quarter.  Unemployment has been climbing and is expecte
by Kenneth Fisher
Bloodshed in commodities currencies (AUD and CAD) as Trade War 2.0 starts, more weakness ahead or bullish reversal on sight?
Trade War 2.0 may trigger a stagflation narrative as it involves not only US-China trade but with other major trading partners. Commodities currencies may face further headwinds due to deteriorating global economic growth prospects. Watch the 0.6330 key medium-term resistance on the AUD/USD and the 1.4300 key medium-term support on the USD/CAD. On 1 February, US President Trump officially “fired” his flagship trade tariffs policy by imposing 25% tariffs on goods from Canada and Mexico and a 10
by Kelvin Wong
Tokyo core inflation hits one-year high, yen lower
The Japanese yen has reversed directions on Friday and has edged lower. In the European session, USD/JPY is trading at 154.73, up 0.28% on the day. Tokyo core CPI rises 2.5% Japan's Tokyo's core inflation rate accelerated to 2.5% y/y in January, up from 2.4% in December and in line with market expectations.
by Kenneth Fisher
Tech Earnings Mixed, ECB Cuts Rates
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. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets.
by Kenneth Fisher
ECB expected to trim rates, euro edges lower
The euro has edged lower ahead of today's rate annoucement from the European Central Bank. In the European session, EUR/USD is currently trading at 1.0396, down 0.23% on the day. ECB projected to lower rates to two-year low The European Central Bank is widely expected to deliver a 25-basis point rate cut at today's meeting, which would bring the deposit rate to 2.75%.
by Kenneth Fisher
US Dollar Index (DXY) Analysis: Hawkish FOMC Pause, Trump's Fed Criticism, and Technical Outlook
The Federal Reserve held interest rates steady and signaled a "wait and see" approach as uncertainties remain. US Commerce Secretary Nominee Lutnick expressed support for sweeping tariffs, claiming they don't impact inflation. President Trump blamed the Fed for inflation, escalating tension between him and the central bank. The US Dollar Index (DXY) experienced volatility following the FOMC, but struggles at key resistance level.
by Zain Vawda
BoE's Bailey warns about debt, pound steady
The British pound is showing little movement on Wednesday. In the North American session, GBP/USD is trading at 1.2440, up 0.02% on the day. Bailey says UK debt could spiral higher Bank of England Governor testified before the Treasury Select Committee today and warned that the UK needed to address the increase in government debt levels.
by Kenneth Fisher
Australian dollar extends losses on soft Aussie CPI
The Australian dollar is down for a third straight trading day and has declined 1.3% this week. In the North American session, AUD/USD is trading at 0.6228, down 0.37% on the day.  Australian CPI falls to 2.4% Australia's annual inflation rate dropped to 2.4% in the fourth quarter of 2024 from 2.8% in Q3.
by Kenneth Fisher
FOMC, ECB Rate Decisions Amid Tariff Threats: Market Analysis & Technical Outlook
Talking Points FOMC Rate Decision: Market expectations for a rate cut are low due to concerns about slower disinflation and tariff impacts. Traders will watch for Jerome Powell's comments on tariffs and inflation. ECB Rate Decision: A rate cut is widely expected, with concerns about potential US tariffs on the EU weighing on the Euro. Tariff Threats and Market Uncertainty: Markets are volatile due to uncertainty surrounding potential US tariffs on Canada, Mexico, China, and the EU.
by Moheb Hanna
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