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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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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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USD/CAD Consolidates at Support Ahead of Canadian Employment Data
USD/CAD found support ahead of Canadian employment data release. Positive US jobless claims data boosted sentiment and USD. Bank of Canada hopes for moderation in unemployment rate following 50 basis points of cuts. Most Read: Japanese Yen (JPY) Price Action: Following Dovish BoJ Comments, What Does Price Action Tell Us? USD/CAD seems to have found support ahead of crucial employment data set for release tomorrow. The Canadian economy, particularly its job market, has struggled more than its co
08-08-2024 10:05 GMT by Zain Vawda
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Aussie jumps as RBA says rates could rise
The Australian dollar has had a busy week and is showing strong gains on Thursday. In the European session, AUD/USD is trading at 0.6550, up 0.50% at the time of writing. RBA’s Bullock says rate hikes still on table Two days after the Reserve Bank of Australia held the cash rate, Governor Bullock reinforced her hawkish stance on monetary policy.
08-08-2024 09:32 GMT by Kenneth Fisher
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Japanese Yen (JPY) Price Action: Following Dovish BoJ Comments, What Does Price Action Tell Us?
The Bank of Japan (BoJ) released their summary of opinions, accompanied by bearish comments from BoJ policymakers. Geopolitical concerns could bolster the Yen, but the safe haven appeal might be divided among the US Dollar, Yen, and Swiss Franc. From a technical perspective, USD/JPY, GBP/JPY, and EUR/JPY have all rebounded strongly and formed an imperfect morning star candlestick pattern, which typically signals a bullish move. Most Read: S&P 500, Nasdaq 100 Technical Outlook: Sig
08-08-2024 06:35 GMT by Zain Vawda
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Yen slides as BoJ dampens rate hike hopes
The Japanese yen’s rally came to crashing halt on Wednesday. USD/JPY has jumped 2.1%, trading at 147.41 in the North American session at the time of writing. BoJ deputy governor says no hikes during market unrest The Japanese yen has been on a tear, rising a massive 10.7% since July 11, prior to today.
07-08-2024 13:50 GMT by Kenneth Fisher
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Canadian dollar keeps rally alive despite weak Ivey PMI
The Canadian dollar has rallied for a third straight day on Wednesday. In the North American session, USD/CAD is trading at 1.3729, down 0.41% on the day at the time of writing. Canada’s Ivey PMI decelerates Canada’s Ivey PMI, a useful gauge of economic activity, fell to 57.6 in July, down from 60.0 in June and shy of the market estimate of 62.5.
07-08-2024 11:48 GMT by Kenneth Fisher
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NZ dollar surges on strong employment data
The New Zealand dollar has soared today. In the European session, NZD/USD is trading at 0.6018, up an impressive 1.1% at the time of writing. New Zealand job growth surprises on the upside New Zealand’s labour market has been cooling off due to elevated interest rates and the markets were braced for a soft jobs report for the second quarter.
07-08-2024 08:03 GMT by Kenneth Fisher
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USD/CAD Targets 1.3740 Support as Canada's Trade Balance Surges
The USD/CAD pair is declining due to the anticipation of aggressive rate cuts by the US Federal Reserve, which could narrow the interest rate differential between the US and Canada Canada's better-than-expected trade surplus in June, driven by increased crude oil and gold exports, further strengthened the Canadian dollar. BoC summary of deliberations and job data releases expected to provide insights into the central bank's views and the employment situation.
06-08-2024 11:34 GMT by Zain Vawda
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Gold (XAU/USD) Steadies After Volatile Monday; DXY Bounces Back
Gold prices rebounded above $2,400/oz after a dip to $2,364/oz, showing resilience despite a strengthening US Dollar. Gold benefits from expectations of more aggressive rate cuts and its safe-haven status. Geopolitical and economic risks in the second half of 2024, along with anticipated rate cuts, should theoretically support the gold rally, but a Middle East peace agreement could complicate the outlook.
06-08-2024 08:48 GMT by Zain Vawda
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AUD/USD remains under pressure as RBA holds rates
The Australian dollar gained ground earlier but has reversed directions and has edged lower. In the European session, AUD/USD is trading at 0.6778, down 0.24% at the time of writing. RBA maintains cash rate at 4.35% The Reserve Bank of Australia held the cash rate at 4.35% for a seventh straight time today.
06-08-2024 06:54 GMT by Kenneth Fisher
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AUD/USD Technical: Dropped towards 0.6360 key range support ahead of RBA
AUD/USD has been the worst performer among the major currencies in the past 4 weeks due to a double whammy slow-down growth effect from the US and China. RBA's “hawkish hold” monetary policy stance on Tuesday may offer a relief for the AUD/USD. The recent 6.6% decline in the AUD/USD has almost reached an extreme oversold condition since December 2021.
05-08-2024 08:30 GMT by Kelvin Wong
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Global Stock Rout as Nasdaq 100 Futures Falls 6%, Safe Havens Bid
Global markets extend losses, Nikkei plummets, Nasdaq 100 enters correction territory. Selloff attributed to recession fears, profit-taking, and geopolitical tensions. Goldman Sachs raises recession odds, Australian government increases terrorism threat level. Nasdaq 100 technical analysis indicates potential for further decline or dip-buying rebound. Most Read: Markets Weekly Outlook – Rising US Job Fears, Geopolitics in the Spotlight Global markets extended their losses in Asian trading as co
05-08-2024 05:19 GMT by Zain Vawda
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