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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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Gold (XAU/USD) Eyes Consolidation Above $2500/oz. Will Bulls Hold the Line?
Gold prices surpassed the $2500/oz level on Friday despite a decrease in the likelihood of a 50 bps cut at the Federal Reserve's September meeting. The rally in gold prices is attributed to dovish remarks by Federal Reserve policymakers and concerns over rising tensions in the Middle East. From a technical standpoint, the weekly chart indicates a strong bullish trend for gold, but a retracement towards the 2450 mark is possible.
19-08-2024 06:44 GMT by Zain Vawda
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Markets Weekly Outlook - Gold Hits New ATH Ahead of Jackson Hole Symposium
Gold reaches a new all-time high as markets reassess rate cut expectations after evaluating resilient US data. The Jackson Hole Symposium will be a key event next week, with central bankers discussing strategies for growth and monetary policy. It's a data-heavy week in Europe and the US, with the release of FOMC minutes, PMI data, and speeches from Fed Chair Powell and BoE Governor Bailey.
16-08-2024 16:54 GMT by Zain Vawda
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Euro edges higher, US dollar under pressure
The euro has edged higher on Friday. In the European session, EUR/USD is trading at 1.0994, up 0.21% on the day at the time of writing. The US dollar is under pressure and the euro rose as much as 1.2% this week before paring about half of those gains.
16-08-2024 07:45 GMT by Kenneth Fisher
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New Zealand dollar stems slide
The New Zealand dollar has rebounded on Friday after a 1.4% slide over the past two days. NZD/USD is trading at 0.6017, up 0.70% in the European session at the time of writing. Solid US numbers raises risk appetite Exactly two weeks ago, a soft employment report out of the US panicked investors and caused a meltdown across global stock markets.
16-08-2024 06:44 GMT by Kenneth Fisher
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Japanese yen slides after hot US release sales
The Japanese yen is sharply lower on Thursday. In the North American session, USD/JPY is trading at 149.02, up 1.1% on the day. Japan’s economy bounces back in second quarter Japan’s economy jumped 3.1% y/y in the second quarter, an impressive turnaround from the revised 2.3% decline in the first quarter and above the market estimate of 2.1%.
15-08-2024 13:20 GMT by Kenneth Fisher
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GBP/USD dips after strong US retail sales
The British pound posted losses earlier but has clawed back and is in positive territory. GBP/USD is trading at 1.2846 in the North American session, up 0.20% on the day. UK GDP rises for second straight quarter After sustaining a technical session in the second half of 2023, the UK economy is on a rebound.
15-08-2024 10:37 GMT by Kenneth Fisher
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Gold (XAU/USD) Bounces Back After US CPI, DXY Faces Challenges
Gold prices rebounded after a post-CPI selloff, aided by a struggling US Dollar Index. A sustained move above $2500/oz for gold may require an additional catalyst, like geopolitical risks. The DXY faces challenges and is likely to remain subdued, with technical indicators suggesting a potential retracement. Will it Materialize?
15-08-2024 05:36 GMT by Zain Vawda
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GBP/USD shrugs as UK CPI rises less than expected
The British pound is showing limited movement on Wednesday. GBP/USD is trading at 1.2844 in the European session, down 0.15% on the day. UK inflation report supports case for September rate cut Headline inflation in the UK rose 2.2% y/y in July, up from 2% in June but below the market estimate of 2.3%.
14-08-2024 08:25 GMT by Kenneth Fisher
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New Zealand dollar tumbles as RBNZ cuts rates
The New Zealand dollar is down 1% on Wednesday, after the Reserve Bank lowered interest rates today. NZD/USD is trading at 0.6017 in the European session at the time of writing. RBNZ lower rates for first time in four years The Reserve Bank of New Zealand had investors on edge right up to the wire of today’s rate announcement.
14-08-2024 07:36 GMT by Kenneth Fisher
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US CPI Preview: US Inflation to Confirm September Cut by the Fed?
Market expectations for July's US CPI data release are centered around a 0.2% month-over-month increase and a 3% year-over-year increase. Different CPI outcomes will have varying effects on the markets with each potential outcome broken down. The US Dollar Index (DXY) is currently testing support at 102.40 and faces immediate resistance at 103.00. Will the Inflation print solidify a September rate cut?
14-08-2024 06:25 GMT by Zain Vawda
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AUD/NZD: A dovish RBNZ may maintain Aussie outperformance over Kiwi
New Zealand's core inflation trend has decelerated at a faster pace than Australia. RBNZ may use tomorrow’s monetary policy meeting to offer dovish guidance and bring forward its projected first interest rate cut in H1 2025. A dovish hold by RBNZ may reinforce the continuation of the AUD/NZD medium-term bullish trend with key support at 1.0890/0840. On Wednesday, 14 August, the New Zealand central bank, RBNZ will announce its monetary policy decision.
13-08-2024 07:27 GMT by Kelvin Wong
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GBP/USD Edges Higher as Wage Growth Hits Lowest Level in 2 Years
Unemployment rate fell to 4.2%, with a decrease in both short-term and long-term unemployment. UK wage growth slowed to its lowest level in two years, yet surpassed market expectations. Despite positive jobs data, BoE policymakers warn of potential inflation rebound in H2 2024, supported by a slight increase in grocery inflation. Cable edged higher but key resistance levels up ahead. Most Read: Brent Crude – Oil Advances as OPEC Cuts Demand Forecast Cable has continued to edge higher this morni
13-08-2024 04:57 GMT by Zain Vawda
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New Zealand dollar higher, focus on RBNZ
The New Zealand dollar has started the week with gains. NZD/USD is trading at 0.6026 in the North American session, up 0.45% at the time of writing. Will the RBNZ lower rates this week? The Reserve Bank of New Zealand meets on Wednesday and it’s a live meeting as the decision is expected to be a close call.
12-08-2024 11:09 GMT by Kenneth Fisher
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British pound calm ahead of UK jobs report
The British pound is drifting on Monday. GBP/USD is trading at 1.2768 early in the North American session, up 0.08% on the day. Wage growth expected to slide The UK releases the employment report for the three months to June and we could see signs of a cooling labour market.
12-08-2024 10:39 GMT by Kenneth Fisher
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Australian dollar gains ground, eyes wage growth
The Australian dollar has started the week in positive territory. AUDUSD is trading at 0.6596 in the European session, up 0.41% on the day at the time of writing. Australian dollar recovers as markets stabilize The Australian dollar has quickly recovered from the recent turbulence which routed global stock markets.
12-08-2024 05:28 GMT by Kenneth Fisher
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Markets Weekly Outlook - US CPI to Test Markets Following Tumultuous Week
US equities rebounded from a selloff earlier in the week, ending slightly higher. However, caution remains due to upcoming economic data releases. The Japanese Yen is heading for its first losing week in six, impacted by a peak in short-position unwinding and dovish BoJ comments. The upcoming week features significant data releases, including US and UK inflation, Chinese economic figures, and the RBNZ interest rate decision.
09-08-2024 14:39 GMT by Zain Vawda
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Gold (XAU/USD) Remains Strong Above $2400/oz as Fed Hints at Upcoming Rate Cuts
Despite a stronger US Dollar yesterday, gold's upward trend continued, bolstered by the rate cut narrative. The technical outlook for gold indicates further upside potential, with prices possibly reaching between 2440 and 2450 during the US session. The longer-term outlook is supportive of gold prices as geopolitics, ETF flows and Central Bank Buying remain in play.
09-08-2024 07:37 GMT by Zain Vawda
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