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.

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

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

Swiss franc higher, Swiss CPI next

The Swiss franc has started the week with gains. In the North American session, USD/CHF is trading at 0.9048, down 0.40% on the day at the time of writing.

20-12-2024 08:10 GMT by Kenneth Fisher

USD/CAD steady ahead of retail sales

The Canadian dollar is showing limited movement on Friday. In the European session, USD/CAD is trading at 1.4384, down 0.11% at the time of writing.

20-12-2024 05:57 GMT by Kenneth Fisher

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

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

USD/JPY hits 5-mth high after BoJ holds rates

The Japanese yen continues its rapid descent and is sharply lower on Thursday. In the North American session, USD/JPY is trading at 156.82, up 1.3% on the day.

19-12-2024 09:10 GMT by Kenneth Fisher

NZ dollar plunges after hawkish Fed, soft NZ GDP

The New Zealand dollar had a miserable Wednesday, plummeting 2.3%. NZD/USD has reversed directions Thursday and is trading at 0.5659 in the European session, up 0.66% on the day at the time of writing.

19-12-2024 07:14 GMT by Kenneth Fisher

New Zealand slides after Fed rate cut, NZ GDP next

The New Zealand dollar has declined sharply on Wednesday. In the North American session, NZD/USD is trading at 0.5685, down 1.2% on the day.

18-12-2024 14:34 GMT by Kenneth Fisher

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

USD/JPY rises ahead of BoJ meeting

The Japanese yen has edged lower on Wednesday. In the North American session, USD/JPY is trading at 154.08, up 0.37% on the day.

18-12-2024 12:22 GMT by Kenneth Fisher

UK inflation jumps to 8-mth high, pound shrugs

British pound is showing little movement on Wednesday. Early in the North American session, GBP/USD is trading at 1.2679, down 0.07% on the day. UK inflation climbs to 2.6% Inflation in the UK climbed to 2.6% in November, its highest level since March.

18-12-2024 08:43 GMT by Kenneth Fisher

FOMC Preview: What to Expect and How Will it Impact the US Dollar?

The FOMC meeting today is highly anticipated due to uncertainty surrounding future US monetary policy. Markets expect a 25 bps rate cut today and a slower pace of easing in 2025 due to President-elect Trump's policies. The Fed's reverse repo rate may be adjusted, potentially impacting the US Dollar's strength. Most Read: Gold (XAU/USD) Traders Await Fed Meeting: Will Prices Rally or Fall? The FOMC meeting today is key as interest rate meetings tend to be from the US. However, today's meeting is

18-12-2024 05:17 GMT by Zain Vawda

Canadian dollar falls to 9-month line, US CPI next

The Canadian dollar continues to lose ground. In the North American session, USD/CAD is trading at 1.4315, up 0.48% at the time of writing.

17-12-2024 12:18 GMT by Kenneth Fisher

Australian dollar slips on soft consumer confidence

The Australian dollar is down sharply on Tuesday. In the North American session, AUD/USD is trading at 0.6337, down 0.52% at the time of writing. Consumer confidence slides Australia's Westpac consumer confidence index declined by 2% in December, from 94.6 to 92.2.

17-12-2024 10:55 GMT by Kenneth Fisher

Pound steady after hot UK wage growth, CPI next

The British pound is showing little movement on Tuesday, after jumping 0.57% a day earlier. In the European session, GBP/USD is trading at 1.2698, up 0.13% on the day. UK wage growth higher than expected UK wage growth excluding bonuses climbed 5.2% y/y in the three months to October, up from an upwardly revised 4.4% in the previous period and well above the market estimate or 4.6%.

17-12-2024 07:31 GMT by Kenneth Fisher

EUR/USD drifting after Euro PMI reports

The euro is slightly higher on Monday. In the North American session, EUR/USD is trading at 1.0500, up 0.02% at the time of writing. Mixed PMI eurozone report There was mixed news from Eurozone PMIs today.

16-12-2024 11:29 GMT by Kenneth Fisher

BoJ Rate Hike in Focus: USD/JPY, GBP/JPY Technical Analysis

Markets are pricing in a less than 20% chance of a BoJ rate hike this Thursday, despite earlier expectations of a 70% probability. JPY weakness has resumed as rate hike expectations have fallen, potentially pushing the BoJ to act. USD/JPY shows strong bullish momentum, but a BoJ hike could lead to a significant decline. A surprise rate hike by the BoJ could strengthen the JPY significantly, with more room for gains against the GBP than the USD.

16-12-2024 09:29 GMT by Zain Vawda

Pound higher as Services PMI rises, job report next

The British pound has moved higher on Monday, after declining 1% last week. In the European session, GBP/USD is trading at 1.2747, up 0.30% on the day. UK Services improves, manufacturing slips The UK Services PMI rose to 51.4 in December, up from 50.8 in November, which was a 13-month low.

16-12-2024 07:07 GMT by Kenneth Fisher

Gold Technical: A less dovish Fed may reinforce a medium-term corrective decline

The proposed policies of Trumponomics 2.0 may ignite a further uptick in inflationary expectations in the US. Market-transacted inflationary expectations gauge, the 5-year and 10-year US breakeven inflation rates have been trending higher since September 2024. The Fed may switch its current dovish monetary policy to a “wait and see” pivot stance on 18 December FOMC. Watch the US$2,716 key medium-term resistance on Gold (XAU/USD).

16-12-2024 05:38 GMT by Kelvin Wong

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