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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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EUR/USD Tug-of-War Continues, US Dollar Index (DXY) Steady
EUR/USD remains range bound as the year comes to a close, with the pair trading just above 1.0400. ECB policymakers are cautious about future rate cuts due to a sluggish Euro. The US Dollar Index (DXY) held its gains last week, supported by positive US data. The lack of liquidity may mean that upcoming US economic data (Pending Home Sales and Chicago Purchasing Managers Index) has little impact on the US Dollar.
30-12-2024 04:47 GMT by Zain Vawda
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Markets Weekly Outlook - PMI Data and Increased Liquidity to Drive Markets
US equities experience volatility amid tech and growth stock fluctuations, ending the Santa Rally week with marginal gains. Japanese Yen strengthens due to expected Bank of Japan policy changes, while US Dollar continues its advance. Key data releases next week include Chinese PMI data and US manufacturing PMI, with market focus on potential economic recovery signs in China and continued US resilience.
27-12-2024 13:21 GMT by Zain Vawda
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USD/JPY calm as BoJ Core CPI rises
The Japanese yen is showing limited movement on Tuesday. In the North American session, USD/JPY is trading at 157.33, up 0.11% on the day at the time of writing. The yen is having a dreadful time as it continues to lose ground against the strong US dollar.
24-12-2024 12:26 GMT by Kenneth Fisher
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Canada's economy contracts in November
The Canadian dollar is showing little movement on Tuesday. In the North American session, USD/CAD is trading at 1.4385, up 0.08% at the time of writing. Canada's GDP declines for first time in 11 months The GDP report on Tuesday was a good news-bad news event.
24-12-2024 11:01 GMT by Kenneth Fisher
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RBA more confident about rate cut, Aussie shrugs
The Australian dollar has posted slight losses on Tuesday. In the European session, AUD/USD is trading at 0.6247, down 0.18% at the time of writing. RBA minutes hint at rate cut The Reserve Bank of Australia minutes from the December meeting were significant although they didn't have much impact on the Australian dollar. The minutes signaled that the RBA is increasingly confident that inflation is moving sustainably towards the Bank's target range of 2% to 3%.
24-12-2024 06:20 GMT by Kenneth Fisher
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Gold (XAU/USD) Technical Analysis: Bullish Structure Emerges
Gold prices start the week lower as the US Dollar strengthens due to averted government shutdown and expectations of a stronger dollar in 2025. Gold's safe haven appeal may be tested by geopolitical risks in Syria and the ongoing Russia-Ukraine conflict. Technical analysis suggests a bullish structure for Gold on a four-hour timeframe, with a potential for further upside if the "Golden Ratio" price level holds.
23-12-2024 11:47 GMT by Zain Vawda
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AUD/USD lower ahead of RBA minutes
The Australian dollar has posted losses on Monday. Early in the North American session, AUD/USD is trading at 0.6227, down 0.31% at the time of writing. Market hopes for rate path hints from RBA minutes It's a very light calendar week, with the Christmas holiday just around the corner.
23-12-2024 11:30 GMT by Kenneth Fisher
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Canadian dollar eyes GDP
The Canadian dollar posted its fourth straight losing week, declining about 1%. In Monday's European session, USD/CAD is trading at 1.4397, up 0.16% at the time of writing. Canada's GDP expected to remain at 0.1% The market is keeping expectations low for today's GDP report, with a forecast of 0.1% m/m for October after a 0.1% gain in September.
23-12-2024 06:15 GMT by Kenneth Fisher
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Markets Weekly Outlook - S&P 500 in Focus as Markets Brace for Holiday Lull
The Federal Reserve's policy change and economic projections have significantly impacted markets, leading to a rise in US yields. The US PCE data released on Friday rose less than expected, alleviating some selling pressure on US equities. The Bank of Japan held rates steady, defying expectations of a rate cut, while the risk of a U.S. government shutdown increased. The upcoming week is expected to have thin liquidity and range-bound trade due to the Christmas holiday and a bank holiday in the U
20-12-2024 12:26 GMT by Zain Vawda
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Yen rises on stronger inflation
The Japanese yen has reversed directions on Friday after sharp losses a day earlier. Early in the North American session, USD/JPY is trading at 156.54, down 0.53% on the day at the time of writing.
20-12-2024 09:01 GMT by Kenneth Fisher
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British pound stabilizes as retail sales edge up
The British pound has steadied on Friday, after sliding 1.6% in the past two days. In the European session, GBP/USD is trading at 1.2510, down 0.10% on the day at the time of writing. Retail sales point to weak Christmas spending UK retail sales posted a small gain of 0.2% m/m in November.
20-12-2024 04:42 GMT by Kenneth Fisher
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BoE holds rates, pound surrenders gains
The British pound rose as much as 0.70% today but has given up almost all of these gains. In the North American session, GBP/USD is trading at 1.2560, down 0.10% on the day at the time of writing. BoE stays on the sidelines, says cuts will be 'gradual' The Bank of England joined the parade of central bank rate announcements earlier today.
19-12-2024 10:47 GMT by Kenneth Fisher
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Brent Crude Oil Prices Toil as Market Awaits Fed Decision. Range Trading Ahead?
Oil prices rose due to lower-than-expected US crude oil stockpiles, but demand concerns remain. OPEC+ is worried about a potential increase in US oil output under a Trump presidency. From a technical perspective, oil prices are range-bound, and range trading might remain in play heading into 2025. Most Read: USD/JPY rises ahead of BoJ meeting Oil prices arrested a two day s;ump today to trade around 1% higher heading into the FOMC meeting.
18-12-2024 13:02 GMT by Zain Vawda
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