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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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AUD/USD: The recent rally of the Aussie dollar may face a ceiling below 0.6900
The recent 7.4% rally in the AUD/USD from its 5 August 2024 low has been driven by a resurgence of risk-on behaviour and the US Fed’s dovish pivot. Weak China’s manufacturing PMI data and housing market are likely to be in the driving seat now to potentially dictate the sentiment of the AUD/USD. Further weakness in Iron Ore futures prices may trigger a negative feedback loop into AUD/USD. Watch the key medium-term resistance of 0.6900 on the AUD/USD with intermediate supports at 0.6700 and 0.660
02-09-2024 06:58 GMT by Kelvin Wong
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Canadian dollar unmoved as Can. GDP ticks higher
The Canadian dollar is almost unchanged on Friday. In the North American session, USD/CAD is trading at 1.3483 at the time of writing, down 0.01% on the day. BoC expected to cut for third consecutive time The Bank of Canada is likely to lower rates for a third time in as many meetings on Sept.
30-08-2024 09:14 GMT by Kenneth Fisher
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AUD/USD – Australian retail sales flat, Aussie shrugs
The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6804 in the European session, up 0.09% today at the time of writing. Australian retail sales stagnate Consumer spending in Australia has been weak, which has chilled economic activity.
30-08-2024 01:57 GMT by Kenneth Fisher
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Yen dips after US GDP revised upwards
The Japanese yen is considerably lower on Thursday. In the North American session, USD/JPY rose as much as 0.69% today but has pared most of those gains and is trading at 144.93, up 0.25%. Tokyo Core CPI projected to remain at 2.2% With inflation heading lower, major central banks have entered a new cycle of lowering interest rates.
29-08-2024 13:26 GMT by Kenneth Fisher
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Gold Price Outlook: $2500/oz Back in Focus as US Dollar Index (DXY) Bounces
Gold prices hover around $2500/oz as the DXY strengthens, with markets awaiting key data amidst geopolitical tensions. Gold ETFs see continued inflows, marking a fourth consecutive month of gains, signaling sustained investor interest. Technical analysis reveals a bearish triangle pattern on the Gold chart, suggesting a potential price decline.
28-08-2024 08:18 GMT by Zain Vawda
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Australian CPI falls but markets not impressed
The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6796 in the European session, up 0.06% on the day at the time of writing. Australian CPI dips to 3.5% Australia’s inflation rate continued to decelerate in July, although the markets were hoping for more.
28-08-2024 06:11 GMT by Kenneth Fisher
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Australian dollar drifting ahead of Aussie CPI
The Australian dollar is calm on Tuesday. AUD/USD is trading at 0.6773 in the North American session, up 0.03% on the day at the time of writing. Australian CPI expected to drop to 3.4% Australia’s CPI, which will be released early Wednesday, is expected to continue to decelerate.
27-08-2024 10:35 GMT by Kenneth Fisher
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British Pound (GBP) Price Action Ideas: Sterling Set for Correction? GBP/USD, EUR/GBP and GBP/JPY
The British pound has been one of the best-performing currencies in recent weeks, driven by a good run of UK data and expectations that the Bank of England will not cut interest rates at its upcoming meeting. However, there are signs that a correction may be imminent, as the GBP/USD pair is trading in overbought territory and the RSI is flashing a warning sign. Other GBP pairs, such as GBP/JPY and EUR/GBP, are also worth watching in the near term. Most Read: Markets Weekly Outlook – Powell Deli
27-08-2024 07:57 GMT by Zain Vawda
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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
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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
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