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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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Brent Oil Price Analysis: Sanctions, Production Forecasts, and Technical Outlook
Oil prices are showing surprising resilience despite trade war fears, buoyed by ongoing sanctions on Russian and Iranian oil supplies. The EIA has raised its 2025 forecast for US oil production. A host of factors are influencing Oil price dynamics and is likely to keep market participants guessing. Most Read: Gold (XAU/USD) Outlook: $3000/oz Target Possible as Safe Haven Demand Rises Oil prices continued their recovery today running into a key resistance level.
11-02-2025 15:11 GMT by Zain Vawda
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Australian dollar drifting after mixed confidence data
The Australian dollar is showing little movement on Tuesday.  In the European session, AUD/USD is trading at 0.6279, up 0.05% on the day. Australian business confidence jumps, consumer confidence stagnant Australian confidence indicators were mixed on Tuesday.  The Westpac consumer sentiment index climbed 0.1% in February to 92.2 points, which means a majority of the surveyed consumers were pessimistic about econmic conditions.
11-02-2025 05:35 GMT by Kenneth Fisher
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Gold (XAU/USD) Outlook: $3000/oz Target Possible as Safe Haven Demand Rises
Gold (XAU/USD) has broken above $2900/oz, fueled by safe-haven demand amid new tariff announcements. The World Gold Council report indicates that geopolitical risks significantly contribute to gold's rise. Additionally, European ETF inflows have been substantial. A sharp rise in US inflation could either push prices down or further increase safe-haven demand, creating a complex market situation.
10-02-2025 15:39 GMT by Zain Vawda
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Australia dollar eyes confidence data
The Australian dollar has started the week with gains.  In the North American session, AUD/USD is trading at 0.6275, up 0.60% on the day. Australia releases business and consumer confidence on Tuesday, with the markets expecting some improvement.  Westpac Consumer Sentiment is expected to rebound and gain 0.4% in February after a 0.7% decline in January.  The National Australian Bank business confidence index is projected to improve to zero in January, after a -2 reading in December. China's i
10-02-2025 12:54 GMT by Kenneth Fisher
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Can. dollar shrugs after strong Can. jobs report
The Canadian dollar is drifting on Monday.  In the European session, USD/CAD is trading at 1.4334, down 0.11% on the day. Canada's employment blows past market estimate Canada posted stronger-than-expected growth on Friday, but the Canadian dollar showed little reaction.  The economy created 76 thousand jobs in January, crushing the market estimate of 25 thousand and following a December gain of 90 thousand.  This marked the sixth straight monthly increase as the labor market remains strong desp
10-02-2025 06:28 GMT by Kenneth Fisher
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Can. dollar lower ahead of US, Canada jobs data
The Canadian dollar is showing limited movement for third consecutive day.  In the European session, USD/CAD is trading at 1.4328, up 0.14% on the day. The week wraps up with January employment reports from both Canada and the US, which could mean USD/CAD will be active in the North American session.  Canada and the US are coming off sparkling job growth numbers in December and it will be interesting to see how the market reacts to the January data, which is expected to be much lower. Employme
07-02-2025 06:30 GMT by Kenneth Fisher
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Yen eyes US payrolls, Japan household spending jumps
The Japanese yen is in negative territory on Friday.  This follows a two-day rally which saw the  yen jump  1.9% and hit a three-month high.  In the European session, USD/JPY is trading at 151.94, up 0.39% on the day.  On the data front, Japan's household spending was much stronger than expected and the US releases nonfarm payrolls. Japan's household spending hits 2.5-year high Japan's household spending has been struggling as inflation remains relatively high.  This made the December report a p
07-02-2025 05:28 GMT by Kenneth Fisher
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US Dollar Index (DXY) and the NFP Jobs Report: What to Expect
Consensus forecasts predict an increase of 169,000 jobs, with the unemployment rate expected to remain at 4.1%. Strong numbers (over 190,000 jobs) could strengthen the dollar, while weak numbers (less than 135,000 jobs) could weaken it.  (DXY) currently has support levels around 107.00, 106.13, and 105.76, and resistance levels at 108.00, 108.49, and 109.52.
06-02-2025 16:37 GMT by Zain Vawda
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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
06-02-2025 07:11 GMT by Kenneth Fisher
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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.
06-02-2025 04:45 GMT by Kelvin Wong
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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
06-02-2025 03:46 GMT by Zain Vawda
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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.
05-02-2025 13:14 GMT by Kenneth Fisher
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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
05-02-2025 10:27 GMT by Zain Vawda
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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).
05-02-2025 04:59 GMT by Kelvin Wong
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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
04-02-2025 06:04 GMT by Kenneth Fisher
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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
04-02-2025 05:56 GMT by Kelvin Wong
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