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.

AUD/USD: The recent rally of the Aussie dollar may face a ceiling below 0.6900

The recent 7.4% rally in the AUD/USD from its 5 August 2024 low has been driven by a resurgence of risk-on behaviour and the US Fed’s dovish pivot. Weak China’s manufacturing PMI data and housing market are likely to be in the driving seat now to potentially dictate the sentiment of the AUD/USD. Further weakness in Iron Ore futures prices may trigger a negative feedback loop into AUD/USD. Watch the key medium-term resistance of 0.6900 on the AUD/USD with intermediate supports at 0.6700 and 0.660

02-09-2024 06:58 GMT by Kelvin Wong

Markets Weekly Outlook - NFP Jobs Data to Rule Out 50 bps Fed Rate Cut?

US PCE data keeps Fed rate cut hopes alive as inflation moves towards 2% target. Commodity prices fluctuate on geopolitical fears and OPEC+ production plans. US jobs data release is key market-moving event in the week ahead, with potential to impact Fed rate cut decisions.

30-08-2024 15:23 GMT by Zain Vawda

Canadian dollar unmoved as Can. GDP ticks higher

The Canadian dollar is almost unchanged on Friday. In the North American session, USD/CAD is trading at 1.3483 at the time of writing, down 0.01% on the day. BoC expected to cut for third consecutive time The Bank of Canada is likely to lower rates for a third time in as many meetings on Sept.

30-08-2024 09:14 GMT by Kenneth Fisher

AUD/USD – Australian retail sales flat, Aussie shrugs

The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6804 in the European session, up 0.09% today at the time of writing. Australian retail sales stagnate Consumer spending in Australia has been weak, which has chilled economic activity.

30-08-2024 01:57 GMT by Kenneth Fisher

Yen dips after US GDP revised upwards

The Japanese yen is considerably lower on Thursday. In the North American session, USD/JPY rose as much as 0.69% today but has pared most of those gains and is trading at 144.93, up 0.25%. Tokyo Core CPI projected to remain at 2.2% With inflation heading lower, major central banks have entered a new cycle of lowering interest rates.

29-08-2024 13:26 GMT by Kenneth Fisher

Aussie rises to 8-month high, retail sales next

The Australian dollar has posted considerable gains on Thursday. AUD/USD is trading at 0.6816 in the European session, up 0.47% on the day at the time of writing.

29-08-2024 08:30 GMT by Kenneth Fisher

EUR/USD - ECB eyeing German, eurozone CPI

The euro has extended its decline on Thursday. In the European session, EUR/USD is trading at 1.1095 at the time of writing, down 0.22% on the day.

29-08-2024 06:25 GMT by Kenneth Fisher

Euro declines ahead of German inflation, US GDP

The euro is sharply lower on Wednesday. In the European session, EUR/USD is trading at 1.1116 at the time of writing, down 0.60% on the day.

28-08-2024 09:55 GMT by Kenneth Fisher

Gold Price Outlook: $2500/oz Back in Focus as US Dollar Index (DXY) Bounces

Gold prices hover around $2500/oz as the DXY strengthens, with markets awaiting key data amidst geopolitical tensions. Gold ETFs see continued inflows, marking a fourth consecutive month of gains, signaling sustained investor interest. Technical analysis reveals a bearish triangle pattern on the Gold chart, suggesting a potential price decline.

28-08-2024 08:18 GMT by Zain Vawda

Australian CPI falls but markets not impressed

The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6796 in the European session, up 0.06% on the day at the time of writing. Australian CPI dips to 3.5% Australia’s inflation rate continued to decelerate in July, although the markets were hoping for more.

28-08-2024 06:11 GMT by Kenneth Fisher

Euro calm despite soft German data

The euro is showing limited movement on Tuesday. In the North American session, EUR/USD is trading at 1.1179 at the time of writing, up 0.16% on the day.

27-08-2024 13:38 GMT by Kenneth Fisher

S&P 500, Nasdaq 100 - Caution Reigns Ahead of Nvidia Earnings

The S&P 500 and Nasdaq 100 are trading cautiously ahead of Nvidia earnings and US PCE data. Nvidia's earnings this week could significantly impact the AI sector and set the tone for the stock market for the weeks ahead.

27-08-2024 12:09 GMT by Zain Vawda

Australian dollar drifting ahead of Aussie CPI

The Australian dollar is calm on Tuesday. AUD/USD is trading at 0.6773 in the North American session, up 0.03% on the day at the time of writing. Australian CPI expected to drop to 3.4% Australia’s CPI, which will be released early Wednesday, is expected to continue to decelerate.

27-08-2024 10:35 GMT by Kenneth Fisher

British Pound (GBP) Price Action Ideas: Sterling Set for Correction? GBP/USD, EUR/GBP and GBP/JPY

The British pound has been one of the best-performing currencies in recent weeks, driven by a good run of UK data and expectations that the Bank of England will not cut interest rates at its upcoming meeting. However, there are signs that a correction may be imminent, as the GBP/USD pair is trading in overbought territory and the RSI is flashing a warning sign. Other GBP pairs, such as GBP/JPY and EUR/GBP, are also worth watching in the near term. Most Read: Markets Weekly Outlook – Powell Deli

27-08-2024 07:57 GMT by Zain Vawda

Market Insights Podcast - Dollar weak on jobs data revision, Jackson Hole Preview

Join OANDA Senior Market Analysts & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves.

27-08-2024 07:48 GMT by Kenneth Fisher

Yen shrugs as inflation BoJ core CPI dips

The Japanese yen has edged lower on Tuesday. In the European session, USD/JPY is trading at 144.76, up 0.17% on the day at the time of writing. BoJ Core CPI slips to 1.8% Is Japanese inflation falling?

27-08-2024 07:20 GMT by Kenneth Fisher

GBP/USD Technical: Sterling bulls are in control

BoE Governor Bailey’s speech at the Jackson Hole Symposium reiterated BoE’s cautionary dovish monetary policy stance. Short-term interest rate markets are likely to price in a shallower and slower interest rate cut cycle in the UK. The potential further widening of the 2-year yield premium of UK gilts over US Treasury notes may support a further upmove in the GBP/USD. Watch the 1.3000 key medium-term support on the GBP/USD to maintain its ongoing medium-term uptrend phase. The British pound ste

27-08-2024 06:30 GMT by Kelvin Wong

EUR/USD dips as German business climate falls

The euro is in negative territory on Monday. In the European session, EUR/USD is trading at 1.1156 at the time of writing, down 0.32% on the day.

26-08-2024 09:48 GMT by Kenneth Fisher

Yen soars as Powell signals rate cuts on the way

The Japanese yen has started the week with slight gains. In the European session, USD/JPY is trading at 144.15, down 0.16% on the day at the time of writing. On Friday, the yen shot up 1.3%, as the US dollar was pummeled by the major currencies following Federal Chair Jerome Powell’s speech at the Jackson Hole Symposium. Powell says Fed poised to cut rates The markets eagerly awaited Jerome’s Powell’s speech at Jackson Hole and heard what they were looking for – an endorsement for a milestone

26-08-2024 07:50 GMT by Kenneth Fisher

Markets Weekly Outlook - Powell Delivers with Nvidia Earnings, PCE Data Next

Fed Chair Powell signals policy adjustments are needed, emphasizing concerns about labor market weakness. The impact of Powell's remarks on the FX space saw GBP/USD and EUR/USD reach new highs. Markets are pricing in a 34.5% chance of a 50 bps cut and 65.5% of a 25 bps cut at the Federal Reserve's September meeting. US PCE and EU Inflation data are highlights.

23-08-2024 13:13 GMT by Zain Vawda

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