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.

EUR/USD Technical: Overstretched decline heading into ECB meeting

A 25bps cut by the ECB is likely to have been fully priced in. The current high expectation of another ECB rate cut in December faces an increased repricing risk. Watch the 1.0780/0750 key medium-term support on the EUR/USD. In the past four weeks, the EUR/USD has plummeted by 3.3% from its 25 September high of 1.1214 to today’s current intraday low of 1.0849 at this time of the writing ahead of the European Central Bank (ECB) monetary policy decision.

17-10-2024 07:25 GMT by Kelvin Wong

GBP Price Action Ideas: GBP/USD, GBP/JPY and EUR/GBP

The GBP has been declining against the USD due to softer-than-expected UK economic data, leading to expectations of more aggressive rate cuts by the Bank of England. GBP/USD is at a crucial level of 1.3000, a break below which could lead to further downside. GBP/JPY is showing signs of a potential breakout, with price coiling between the 100 and 200-day moving averages. EUR/GBP is near the YTD low, with immediate resistance at 0.8400. The pair's future direction will depend on the GBP's strength

16-10-2024 14:08 GMT by Zain Vawda

US Dollar Index (DXY) Outlook: DXY Breaches the 100-day MA, Will the Rally Continue?

The US Dollar Index (DXY) continues to advance due to a lack of impactful US data and expectations of robust retail sales. Donald Trump's comments on tariffs and the Federal Reserve's independence. The DXY faces technical challenges, with the RSI in overbought territory, but the overall outlook remains bullish. Most Read: The US Dollar Index (DXY) continues its advance with the lack of high impact US data keeping the greenback on the front foot. A move lower in the DXY may need a batch of soft

16-10-2024 09:13 GMT by Zain Vawda

Canadian dollar breaks nine-day slide as CPI falls

The Canadian dollar is showing limited movement on Wednesday. In the European session, USD/CAD is trading at 1.3786 at the time of writing, up 0.09%.

16-10-2024 07:17 GMT by Kenneth Fisher

GBP/USD drops below 1.30 on soft inflation report

The British pound has finally showed some movement on Wednesday after a week of limited movement. In the European session, GBP/USD is trading at 1.2992, down 0.62% on the day.

16-10-2024 04:51 GMT by Kenneth Fisher

GBP/USD - will inflation data shake up the pound?

The British pound has been showing limited movement for over a week. In Tuesday’s North American session, GBP/USD is trading at 1.3086, up 0.13% on the day. UK inflation expected to decline to 1.9% The Bank of England has largely won the battle against inflation, which has fallen from double digits at its peak to just 2.2% in August and July.

15-10-2024 12:42 GMT by Kenneth Fisher

Canadian dollar can’t find its footing, Can. CPI next

The Canadian dollar has declined against the US dollar for a tenth consecutive trading day and has fallen 2.1% in October. In Tuesday’s session, USD/CAD is trading at 1.3811 at the time of writing, up 0.11%. Canada’s inflation rate expected to fall below 2% Is the tough battle against inflation finally over?

15-10-2024 05:38 GMT by Kenneth Fisher

Canada’s job growth sparkles but Canadian dollar falls

The Canadian dollar can’t find its footing and is trading at nine-week low against the US dollar. In the North American session, USD/CAD is trading at 1.3792 at the time of writing, up 0.21%.

14-10-2024 10:31 GMT by Kenneth Fisher

Pound eyes UK employment data

The British pound is coming off a quiet week and the lack of activity has continued on Monday. Early in the North American session, GBP/USD is trading at 1.3040, down 0.14% on the day. It’s a busy week in the UK, with the release of employment, inflation and retail sales.

14-10-2024 09:19 GMT by Kenneth Fisher

AUD/USD: Under downside pressure from China’s weak inflation

China's latest set of inflationary data for September increases the risk of a deflationary spiral being entrenched. China policymakers continued to use rhetoric to push out new fiscal stimulus policies but lacked details in terms of the amount and scope of implementation. An erosion of confidence in China's policymaking process may trigger a negative feedback loop into the AUD/USD. This is a follow-up analysis of our prior report “AUD/USD: The recent rally of the Aussie dollar may face a ceili

14-10-2024 07:11 GMT by Kelvin Wong

NZ Dollar under pressure as services data disappoints

The New Zealand dollar is lower on Monday. In the European session, NZD/USD is trading at 0.6082, down 0.44%. Services PMI contracts for seventh straight month New Zealand’s economy has been struggling, and a key factor has been the contraction in the services sector.

14-10-2024 06:40 GMT by Kenneth Fisher

Markets Weekly Outlook - ECB to Deliver 25 bps Rate Cut? Bank Earnings in Focus

Market expectations for a Federal Reserve rate cut decreased following mixed US data signals. The European Central Bank's interest rate decision is a key event, with a 25 bps cut highly anticipated. The week ahead features CPI releases from several countries, including China and New Zealand, while US earnings season gathers pace with major banks reporting. Can the S&P 500 rally continue? Technical breakdown provided.

11-10-2024 13:34 GMT by Zain Vawda

USD/CAD pushes higher, Canadian employment next

The Canadian dollar has edged lower on Friday. In the European session, USD/CAD is trading at 1.3767 at the time of writing, up 0.19%. The Canadian dollar has hit a rough patch and is on a seven-day slide in which it has fallen 1.6%.

11-10-2024 07:07 GMT by Kenneth Fisher

Pound shrugs as UK economy grew by 0.2%

The British pound is showing little movement on Friday in what has been a very quiet week for the currency. In the European session, GBP/USD is trading at 1.3071, up 0.10% on the day and its lowest level. The UK economy showed slight improvement in August with a 0.2% m/m gain, after no growth in both June and July.

11-10-2024 05:57 GMT by Kenneth Fisher

US Dollar Index (DXY) Outlook: Dollar Bulls to Take a Breath or PPI Data to Extend Rally?

The US Dollar Index (DXY) is in an intriguing position after mixed price action and ahead of PPI data. The future of the dollar may be influenced by external factors like oil prices and Middle East tensions. Technically, the DXY is facing resistance and a potential pullback, but underlying fundamentals remain supportive.

11-10-2024 05:52 GMT by Zain Vawda

Euro lower as US inflation dips slightly

The euro is lower on Thursday. In the North American session, EUR/USD is trading at 1.0908, down 0.28%. The German economy has been struggling but there was positive news as German retail sales rose 1.6% in August and 1.5% in July, after declines of 1.1% in June and 1.4% in May.

10-10-2024 12:58 GMT by Kenneth Fisher

Gold (XAU/USD) Prices Hold Above $2600/oz.. Will US CPI Lead a Recovery in Price?

Gold prices are consolidating above $2600/oz, supported by uncertainty in the Middle East. Upcoming US CPI data will impact gold prices, with a softer print potentially boosting gold and a higher print strengthening the USD. Technically, gold is rangebound, with immediate resistance at 2624 and support at 2600. The geopolitical situation and CPI data will likely provide short-term clarity.

10-10-2024 08:23 GMT by Zain Vawda

GBP/USD Technical: Potential bullish reversal after 4-week slide as US CPI looms

This is a follow-up analysis of our prior report “GBP/USD Technical: Sterling bulls are in control” published on 27 August 2024. Click here for a recap. Since our last publication, the price actions of the GBP/USD have rallied and hit the lower limit of the first medium-term resistance zone of 1.3400/3505 (printed an intraday high of 1.3434 on 26 September).

10-10-2024 06:55 GMT by Kelvin Wong

USD/JPY steady after Fed minutes

The yen is calm on Thursday after sharp losses a day earlier. In the European session, USD/JPY is trading at 148.88, down 0.28%. Fed minutes: next cut will likely be 25 bps The Federal Reserve released the minutes from the September meeting on Wednesday.

10-10-2024 06:27 GMT by Kenneth Fisher

Australian dollar extends losses, Fed minutes loom

The Australian dollar continues to decline and is down for a fifth straight day. In the North American session, AUD/USD is trading at 0.6725, down 0.31%.

09-10-2024 12:07 GMT by Kenneth Fisher

1 … 73 74 75 … 237