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.

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

Canadian dollar jumps on retail sales rebound

The Canadian dollar is showing some strength on Friday. In the North American session, USD/CAD is trading at 1.3532 at the time of writing, down 0.60% on the day.

23-08-2024 10:24 GMT by Kenneth Fisher

NZ dollar higher despite weak retail sales

The New Zealand dollar is in positive territory on Friday. Early in the North American session, NZD/USD is trading at 0.6158 at the time of writing, up 0.28% on the day.

23-08-2024 09:41 GMT by Kenneth Fisher

Gold (XAU/USD) Retests $2500/oz Ahead of Powell’s Jackson Hole Remarks

Gold prices retest $2500/oz ahead of Fed Chair Powell's Jackson Hole speech. Gold's rebound in the European session and technical analysis suggest bullish momentum. September rate cuts likely already priced in. What impact will Powell's remarks have? Most Read: Japanese Yen Price Action Ideas: USD/JPY, EUR/JPY Gold prices are back at $2500/oz following a long awaited retracement which materialized during Thursdays US session.

23-08-2024 08:33 GMT by Zain Vawda

Yen edges higher on BoJ’s Ueda hawkish remarks

The Japanese yen is in positive territory on Friday. In the European session, USD/JPY is trading at 146.06, down 0.14% on the day.

23-08-2024 07:50 GMT by Kenneth Fisher

Japanese yen slides ahead of Core CPI, Jackson Hole

The US dollar has rebounded today after a nasty slide against the yen. In the North American session, USD/JPY is trading at 146.45, up 0.83% on the day.

22-08-2024 13:43 GMT by Kenneth Fisher

NZ dollar slips ahead of retail sales, Powell’s speech

The New Zealand dollar is drifting on Thursday. In the North American session, NZD/USD has fallen to 0.6132 at the time of writing, down 0.41% on the day. The New Zealand dollar continues to have its way with its US counterpart and has soared 4% since July 29. New Zealand retail sales expected to slide The markets are braced for a downturn in retail sales for the second quarter, with a market estimate of -1%, following a 0.5% gain in the first quarter.

22-08-2024 10:45 GMT by Kenneth Fisher

Japanese Yen Price Action Ideas: USD/JPY, EUR/JPY

The Japanese Yen has seen significant volatility in recent weeks, influenced by factors like US Dollar recovery and mixed Japanese economic data. USD/JPY shows potential for retesting the 150.00 level, with resistance at 146.37 and support around 143.60. EUR/JPY mirrors USD/JPY's movements, with resistance at 163.50 and the potential for a 200-pip rally if it breaches the 200-day MA. Most Read: Bitcoins (BTC/USD) Steady Range: Mt Gox Impact and Future Outlook JPY Fundamental Overview The Japan

22-08-2024 10:18 GMT by Zain Vawda

Euro edges lower on mixed eurozone PMI

The euro is steady on Thursday. In the European session, EUR/USD is trading at 1.1136 at the time of writing, down 0.11% on the day. Eurozone services accelerates, manufacturing dips down There was mixed news from the eurozone PMIs, which provide a monthly report card for the services and manufacturing sectors.

22-08-2024 07:25 GMT by Kenneth Fisher

US Dollar Index (DXY) Tumbles as BLS Revises Job Growth Downward, Rate Cuts Loom

US Dollar Index Plummets on Revised Jobs Data and Dovish Fed Minutes BLS Revises US Job Growth Downward. Biggest Downward Revision Since the Global Financial Crisis. Fed Rate Cuts Priced In?

22-08-2024 03:30 GMT by Zain Vawda

Bitcoins (BTC/USD) Steady Range: Mt Gox Impact and Future Outlook

Bitcoin prices are currently range-bound, the range between 56,561 and 61,750 is keeping both buyers and sellers cautious. Mt. Gox moved 13,265 Bitcoins totaling and estimated $780 million.

21-08-2024 10:56 GMT by Zain Vawda

GBP/USD hits 1-month high, UK PMIs next

The British pound is showing limited movement on Wednesday, after a four-day rally in which it surged 1.7% against the retreating US dollar. GBP/USD is trading at 1.3047 in the North American session at the time of writing, up 0.1% on the day. All eyes on Jerome Powell The annual meeting at Jackson Hole has added significance this year as the Federal Reserve is expected to deliver a milestone rate cut in September.

21-08-2024 09:25 GMT by Kenneth Fisher

Euro drifting as investors eye Fed minutes

The euro is calm on Wednesday after an impressive 3-day rally which saw EUR/USD jump 1.4%. Will the upswing continue?

21-08-2024 06:30 GMT by Kenneth Fisher

Canadian dollar shrugs as Can. CPI drops to 3-year low

The Canadian dollar is almost unchanged on Tuesday after posting gains over the past two days. In the North American session, USD/CAD is trading at 1.3636 at the time of writing. Canada’s inflation eases to 2.5% Canada’s headline CPI rose to 2.5% year-on-year in July, down from 2.7% in June and matching the market estimate.

20-08-2024 13:16 GMT by Kenneth Fisher

Euro extends gains, hits new high for 2024

The euro rally has run out of steam on Tuesday after rallying 1% over the past two days. In the North American session, EUR/USD is trading at 1.1110, up 0.22% on the day at the time of writing.

20-08-2024 11:29 GMT by Kenneth Fisher

Australian dollar's rally runs out of steam

The Australian dollar has steadied after pummeling the US dollar over the past two sessions. AUD/USD is trading at 0.6729 in the European session, down 0.04% on the day at the time of writing. RBA minutes: Rates will remain steady The RBA minutes from the meeting earlier this month reiterated that interest rates aren’t expected to fall anytime soon.

20-08-2024 07:06 GMT by Kenneth Fisher

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