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.

Brent Crude - Oil Slides 2% in European Trade Before a Recovery, OPEC+ Meeting Next

Oil prices fell by 2.4% in early European trade, possibly due to demand concerns and rebalancing. Concerns about China's economic recovery and the possibility of increased Libyan oil production are also weighing on oil prices. From a technical perspective, the H4 chart showing RSI divergence. Higher prices ahead?

01-10-2024 08:28 GMT by Zain Vawda

Japanese yen slips as Powell signals small cuts

USD/JPY is calm on Tuesday after the US dollar jumped 1.03% a day earlier. In the European session, the yen is trading at 143.76 at the time of writing, up 0.10%. Japan's parliament elects Ishiba Prime Minister Japan’s political drama continued on Tuesday with the election of a new prime minister, Shigeru Ishiba.

01-10-2024 06:46 GMT by Kenneth Fisher

NZD at 14-mth high as NZ business confidence jumps

The New Zealand dollar is higher for a third straight day. NZD/USD is trading at 0.6374 at the time of writing, up 0.53% on the day. New Zealand business confidence hits 10-year high The week started on a positive note as New Zealand’s ANZ business confidence surged to 60.9 in September, up sharply from 50.6 in August and crushing the forecast of 43.0.

30-09-2024 13:34 GMT by Kenneth Fisher

Gold (XAU/USD) Prices Slide as Q3 Draws to a Close

Gold prices fell due to a stronger dollar and end-of-quarter flows, despite being on track for the best quarter since Q1 2016. The market is awaiting US jobs data on Friday, which could impact rate cut expectations and the US dollar. Gold remains extremely overbought at present, will the NFP report inspire a deeper correction?

30-09-2024 11:01 GMT by Zain Vawda

Euro steady as Germany’s CPI lower than expected

The euro is steady at the start of the trading week. EUR/USD is trading at 1.1170 in the North American session at the time of writing, up 0.06% on the day. Germany’s CPI eases to 1.6% Inflation in Germany slowed to 1.6% y/y in September, down from 1.9% in August and shy of the market estimate of 1.7%.

30-09-2024 10:20 GMT by Kenneth Fisher

Japanese yen soars on Japan’s political drama

The Japanese yen has steadied on Monday after posting huge gains on Friday. USD/JPY is trading at 142.43 in the European session, up 0.15%. Incoming PM Ishiba says he’ll call snap election The yen soared on Friday but it was in response to political rather than economic developments.

30-09-2024 07:54 GMT by Kenneth Fisher

Markets Weekly Outlook - Will the NFP Report Validate Rate Cut Optimism?

Fed policymakers maintain a dovish stance, and market participants are pricing in a potential 50 basis point rate cut in November. The US dollar hit a fresh YTD low, while Gold and Silver continued to advance. The week ahead features key data releases, including Eurozone inflation and US nonfarm payrolls, which could shape central bank policies and market sentiment.

27-09-2024 13:20 GMT by Zain Vawda

US Dollar Index (DXY) Slides to Fresh Lows Post PCE Data

US Dollar Index hits new yearly low after PCE inflation report came in softer than expected. PCE data shows personal income rose less than expected, PCE price index increased by 0.1% MoM, and core PCE increased by 0.1%, below expectations. DXY is on the edge of a cliff as rate cut bets and dovish Fed rhetoric weigh on the greenback.

27-09-2024 10:16 GMT by Zain Vawda

USD/CAD eyes Canada’s GDP

The Canadian dollar is steady on Friday. In the European session, USD/CAD is trading at 1.3476 at the time of writing, up 0.08%. Canada’s GDP expected to remain unchanged Canada’s GDP for July is expected at 0.1% m/m, unchanged from June.

27-09-2024 07:15 GMT by Kenneth Fisher

Japanese yen soars as Tokyo Core CPI falls to 2%

The Japanese yen is sharply higher on Friday. USD/JPY is trading at 143.49 in the European session, down a massive 1.1%. Tokyo Core CPI matches BoJ's target Tokyo Core CPI, which excludes fresh food, slowed to 2% in September, down from 2's.4% in August and matching the market estimate.

27-09-2024 06:12 GMT by Kenneth Fisher

Japanese yen eyes Tokyo Core CPI

The Japanese yen edged higher earlier but has pared those gains and is almost unchanged on the day. USD/JPY is trading at 144.81 in the North American session. Tokyo Core CPI expected to fall to 2% Japan releases Tokyo Core CPI, a leading indicator of inflation trends, early on Friday.

26-09-2024 12:46 GMT by Kenneth Fisher

Swiss franc edges lower after Swiss central bank cuts rates

The Swiss franc is showing limited movement on Thursday. USD/CHF is trading at 0.8483, down 0.24% on the day.

26-09-2024 06:05 GMT by Kenneth Fisher

USD/JPY jumps as BoJ Core CPI stalls

The Japanese yen is sharply lower on Wednesday. In the North American session, USD/JPY is trading at 144.49, up 0.89% at the time of writing. BoJ Core CPI remains unchanged at 1.8% The Bank of Japan is expected to raise interest rates and continue on the path to normalization.

25-09-2024 13:02 GMT by Kenneth Fisher

Swiss National Bank (SNB) Preview - FX Intervention Chatter, USD/CHF Eyes Range Breakout

Swiss National Bank (SNB) decision anticipated, markets split on 25 or 50 basis point rate cut. Strong Swiss Franc pressures exporters, raising expectations of FX intervention. SNB's comments on Franc and intervention will be key to future price movements. Most Read: Gold (XAU/USD) Prices Underpinned by Geopolitics, China Stimulus and ETF Flows, $2650 Up Next SNB Preview: FX Intervention Ahead? Market participants are awaiting the next major Central Bank decision.

25-09-2024 07:39 GMT by Zain Vawda

Australia’s inflation falls to 3-year low, Aussie dips lower

The Australian dollar has edged lower on Wednesday, after surging 1.1% since the start of the week. In the European session, AUD/USD is trading at 0.6879, down 0.18%.

25-09-2024 05:23 GMT by Kenneth Fisher

Gold (XAU/USD) Prices Underpinned by Geopolitics, China Stimulus and ETF Flows, $2650 Up Next

Gold prices advance, underpinned by ETF Flows, China stimulus and safe haven flows, Gold ETF flows have been positive, and if this trend continues, it could further support the upward momentum of gold prices. From a technical analysis perspective, gold is in overbought territory, but this may not be a significant obstacle. The psychological $2,650 and $2675 handles are the next key resistance levels to watch.

24-09-2024 12:08 GMT by Zain Vawda

Pound rally continues despite decline in UK PMIs

The British pound continues to gain ground. GBP/USD has climbed 2.6% since Sept.

24-09-2024 10:23 GMT by Kenneth Fisher

USD/JPY rises after BoJ says no rush to raise rates

The US dollar has posted gains on Tuesday. In the North American session, USD/JPY is trading at 144.04, up 0.34% at the time of writing. BoJ’s Ueda says no rush to hike rates The Bank of Japan stayed on the sidelines at last week’s rate meeting but the markets continue to anticipate a rate hike, as inflation has been moving higher.

24-09-2024 09:28 GMT by Kenneth Fisher

AUD/USD steady as RBA maintains rates at 4.35%

The Australian dollar has edged higher on Tuesday. In the European session, the Australian dollar is trading at 0.6845, up 0.12% on the day.

24-09-2024 06:54 GMT by Kenneth Fisher

China Slashes Rates - Stimulus Package by PBoC Welcomed by Markets

The People's Bank of China (PBoC) has unveiled a stimulus package aimed at boosting economic growth. Key measures include a cut in the 7-day repo rate, a reduction in the required reserve ratio (RRR), and support for the mortgage market and property sector. Asian and European stock markets have reacted positively to the stimulus as markets welcomed the news. Oil prices have risen as well and could benefit from the stimulus package. Will the Oil price recovery continue?

24-09-2024 05:58 GMT by Zain Vawda

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