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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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USD/JPY steady as BOJ watches with sense of urgency
Japanese yen remains below 160 USD/JPY is trading at 160.38 early in the North American session, down 0.25% on the day. The Japanese yen has been trading below 160 on Thursday, after dropping as low as 160.87 on Wednesday, its lowest level since December 1986. As the yen continues to hit new lows, there are concerns of another intervention from the Bank of Japan in order to stem the currency’s rapid depreciation.
27-06-2024 09:39 GMT by Kenneth Fisher
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US Dollar on Edge: how PCE data could shake up the markets
What is the US PCE data and why is it important? Uncertainty regarding the Federal Reserve and US Dollar remains high due to conflicting US data and global inflation concerns. The upcoming PCE data release is highly anticipated as it may influence the Fed's stance on rate cuts. The US Dollar Index (DXY) is rangebound ahead of the PCE release. Will 107 finally be revisited? Most Read: Bitcoin (BTC/USD) Stabilizes: Is this the bottom markets have been waiting for? Market participants contin
27-06-2024 09:34 GMT by Zain Vawda
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Aussie calm as inflation expectations jump
The Australian dollar has posted small gains on Thursday. AUD/USD is trading at 0.6654 in the European session, up 0.10% on the day. Australian inflation expectations rises to 4.4% This week’s inflation indicators have risen more than expected, an indication that inflation remains sticky and that the road to the Reserve Bank of Australia’s inflation target band of 2% to 3% will be bumpy. On Wednesday, the Melbourne Institute Inflation Expectations rose to 4.4% in June, up from May’s 4.1% gain,
27-06-2024 07:47 GMT by Kenneth Fisher
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USD/JPY breaks 160, will Tokyo intervene?
Japanese yen slumps to 37-year low USD/JPY is trading at 160.68 in the North American session, up 0.62% on the day. The Japanese yen broke below the psychological barrier of 160 today and has fallen to its lowest level since December 1986. The Japanese currency had been hovering just below 160 throughout the week and has finally broken through. The yen’s downward move has raised concerns that the Bank of Japan will intervene in the currency markets yet again.
26-06-2024 11:55 GMT by Kenneth Fisher
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Australian dollar slightly higher as CPI rises to 4%
The Australian dollar rose 0.40% after the Australian CPI release but has given much of those gains. AUD/USD is trading at 0.6663 in the European session, up 0.24% on the day. Australian inflation surprises on the upside Australia’s CPI accelerated to 4.0% in May, up from 3.6% in April and above the market estimate of 3.8%.
26-06-2024 08:03 GMT by Kenneth Fisher
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Gold prices under pressure as the Dollar Index (DXY), US Yields Rise
Gold continues its decline with $2300/oz firmly back in sight. US Dollar index and US 10Y yield continue to rise, US 10Y now at 4.275%. PCE inflation data could be the catalyst needed for gold prices to find some direction. Fundamental Overview  Gold prices remain under pressure this morning as rising US yields and a stronger US Dollar weigh on the precious metal.
26-06-2024 06:45 GMT by Zain Vawda
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AUD/JPY: Aussie outperformance with a hotter AU CPI
Australia’s monthly CPI has increased to 4% from 3.6% in April, a sign of a sticky and elevated consumer inflationary trend. The odds of an RBA interest rate in the near-term horizon have reduced which increased the yield premium of 2-year Australian government bond over JGB. AUD/JPY is likely on a path of bullish acceleration within its medium-term & major uptrend phases.
26-06-2024 05:28 GMT by Kelvin Wong
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Australian dollar edges lower, CPI next
The Australian dollar is slightly lower on Tuesday. AUD/USD is trading at 0.6638 in the North American session, down 0.27% on the day. Australian consumer sentiment climbs Australia’s Westpac Consumer Sentiment index flexed some muscle earlier on Tuesday but that didn’t help the Australian dollar.
25-06-2024 12:04 GMT by Kenneth Fisher
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Japanese Yen Technical Outlook: USD/JPY, EUR/JPY & GBP/JPY
FX intervention chatter returns, but is it enough for the ailing JPY? USD/JPY at psychological 160.00 handle. EUR/JPY prints morningstar candlestick pattern, hinting at the potential for further upside. Fundamental Overview  The Japanese Yen continues to tread water against its G 7 peers as its monetary policy stance continues to be scrutinized. Many analysts, myself included, had hoped for a bold approach from Bank of Japan (BoJ) Governor Ueda at the June meeting of the BoJ.  The Governor howe
25-06-2024 03:09 GMT by Zain Vawda
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Euro rises despite soft German business climate
The euro has started the week with gains. EUR/USD is trading at 1.0727 in Monday’s European session, 0.34% on the day. German Business Climate surprises with dip Germany’s Ifo Business Climate surprised on the downside, declining to 88.6 in June.
24-06-2024 12:16 GMT by Kenneth Fisher
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USD/JPY: Verbal intervention intensified but real intervention may have to wait
The USD/JPY has traded higher in the past 7 sessions and printed an intraday high of 159.85 last Friday, 21 June which coincided with its 34-year high of 160.23 printed on 26 April. Last week’s persistent JPY weakness prompted Japan’s Ministry of Finance Vice Minister-in-charge of the FX market to issue a “firmer” verbal intervention. The current upmove of USD/JPY is more orderly rather than excessive which may not trigger an actual FX intervention from MoF. Watch the key medium-term support of
24-06-2024 06:05 GMT by Kelvin Wong
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GBP/USD shrugs despite sparkling retail sales
The British pound is slightly lower on Friday. GBP/USD is trading at 1.2636 early in the North American session, down 0.17% on the day. UK retail sales hit 4-month high UK retail sales jumped 2.9% m/m in May, an impressive turnaround from the revised 1.8% decline in April and blowing past the market estimate of 1.8%.
21-06-2024 08:50 GMT by Kenneth Fisher
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Hang Seng Index: Near-term weakness prevails over trade war jitters and soft yuan
Canada’s upcoming new tariffs on Chinese EVs have sparked a potential trade war between G-7 and China. A weaker yuan to indirectly offset the negative impact of trade tariffs on China’s exports may spark a currency war. Fears of a currency war emerging may see lesser capital inflows into Asian stock markets.   This is a follow-up analysis of our prior report, “Hang Seng Index: Improvement in market breadth and southbound flows, the bull run may not be over” dated 5 June 2024.
21-06-2024 07:34 GMT by Kelvin Wong
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Euro extends losses after soft PMIs release
The euro has edged lower on Friday. EUR/USD is trading at 1.0687 in the European session, down 0.14% on the day. Is the eurozone economy slowing down? The week ended on a sour note in Europe as June PMIs declined in the eurozone.
21-06-2024 05:13 GMT by Kenneth Fisher
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Gold & Silver test two-week highs on geopolitical concerns and rate cut optimism
Key Points:  Geopolitics return to the fore as concerns mount around the Middle East and Asia.. Safe haven demand sees gold (xau/usd) rise toward 2350 resistance. Silver technicals hint at the potential for further upside. Commodity markets have returned to positive territory this morning, driven by gains in both silver (XAG/USD) and gold (XAU/USD).
20-06-2024 09:36 GMT by Zain Vawda
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