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.

USD/JPY stabilizes after massive slide

The Japanese yen has edged lower on Friday, after posting huge gains a day earlier. USD/JPY is trading at 159.16 in the European session, up 0.26% on the day at the time of writing. Japanese yen soars - soft US inflation or intervention? The US dollar was down against most of the major currencies on Thursday, after a softer--than-expected US CPI report raised expectations for a rate cut in September.

12-07-2024 05:09 GMT by Kenneth Fisher

New Zealand dollar climbs on soft US inflation

The New Zealand dollar has posted strong gains on Thursday. NZD/USD is trading at 0.6102 in the North American session, up 0.34% on the day at the time of writing.

11-07-2024 13:34 GMT by Kenneth Fisher

Aussie at 6-mth high, inflation expectations tick lower

The US dollar is showing broad weakness against the major currencies and the Australian dollar is taking full advantage. AUD/USD has jumped 1.51% in July and the Aussie is at its highest level since January 3.

11-07-2024 10:46 GMT by Kenneth Fisher

EUR/GBP Technical: Make the Pound great again

EUR/GBP has resumed its downward trajectory since the start of the year, now trading close to a 2-year low at 0.8320. Unfavourable political environment in France versus a newly formed Labour-led UK government that favours pro-growth policies may see further underperformance of the Euro against the Pound. EUR/GBP continues to oscillate within a short-term downtrend phase with key resistance at 0.8500. This is a follow-up analysis of our prior report, “EUR/GBP Technical: Hovering at a 14-month l

11-07-2024 09:31 GMT by Kelvin Wong

GBP/USD hits 4-month high on strong GDP

The British pound has extended its gains on Thursday. GBP/USD is trading at 1.2876 in the European session, up 0.22% on the day. UK GDP beats expectations The sun is shining in London today and there’s plenty to smile about besides the pleasant weather.

11-07-2024 06:24 GMT by Kenneth Fisher

USD/CAD Price Outlook: 200-day MA Holds Ahead of US CPI Release

USD/CAD has been range-bound, reflecting US Dollar Index consolidation and potential rate differential between Canada and the US. Canada's volatile inflation and struggling labor market increase pressure on the Bank of Canada (BoC). USD/CAD is positioned between key moving averages, with a tight range suggesting a potential breakout following the inflation data.

11-07-2024 05:21 GMT by Zain Vawda

US CPI Preview: US Dollar Index (DXY) Looks for Guidance from Inflation Data

Anticipation is high for the release of US CPI data, which is expected to influence market movements, especially the US Dollar Index (DXY). The market has priced in an 71.8% chance of a September rate cut, and if inflation aligns with or falls below forecasts, this likelihood could increase. Technically, the DXY is range-bound, hovering between 104.80 and 105.20, with support at the 100-day and 200-day moving averages and resistance at 105.63 and 106.00.

10-07-2024 14:14 GMT by Zain Vawda

British pound rises, GDP next

The British pound is showing considerable gains on Wednesday after two days of limited movement. GBP/USD is trading at 1.2839 early in the North American session, up 0.41% on the day. Has the UK economy turned a corner? It has been a slow recovery from the coronavirus pandemic for the UK economy.

10-07-2024 12:14 GMT by Kenneth Fisher

Silver Price Outlook: Will Strong Demand and Tight Supply Keep Prices Shining?

Silver prices have risen due to a supply and demand gap, with demand outstripping supply for the fifth consecutive year. Industrial demand, driven by green energy, AI, and EVs, now accounts for 64% of global silver demand. A potential slowdown in China's economy and prolonged high interest rates could dampen silver prices. Bullish Pennant pattern breakout hints at further upside. Will inflation data halt the move?

10-07-2024 11:20 GMT by Zain Vawda

New Zealand dollar takes a tumble after RBNZ’s dovish tone

The New Zealand dollar is sharply lower on Wednesday. NZD/USD is trading at 0.6081 in the European session, down 0.72% on the day at the time of writing. RBNZ’s dovish tone raises rate cut expectations The Reserve Bank of New Zealand held the cash rate at 5.50% at today’s meeting, the eight consecutive time it has maintained rates.

10-07-2024 08:10 GMT by Kenneth Fisher

AUD/NZD: Kiwi torpedoed by a surprise dovish tilt from RBNZ

The Kiwi is the worst intraday performer among the major currencies as it slumped to a 4-week low against the US dollar. A dovish tilt in the latest RBNZ monetary policy statement has triggered a narrowing of the yield discount between the 2-year Australian and New Zealand government bonds. AUD/NZD has staged a medium-term bullish breakout above 1.1000 key support.

10-07-2024 08:04 GMT by Kelvin Wong

Euro shrugs as investor confidence tumbles

The euro is showing little movement on Tuesday. EUR/USD is trading at 1.0819, up 0.05% on the day. The eurozone Sentix Investor Confidence index resumed its losing ways on Monday.

09-07-2024 10:16 GMT by Kenneth Fisher

NZD edges lower ahead of RBNZ decision

The New Zealand dollar is steady on Tuesday. NZD/USD is trading at 0.6115, down 0.16% in the European session at the time of writing.

09-07-2024 08:47 GMT by Kenneth Fisher

Market Insights Podcast - Impact of a hung French parliament, US and China inflation data looms ahead

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, we kickstarted with a discussion on the recent two key developed nations' political events; the UK snap general election and second round of the France legislation elections. The past week of "horse trading" between French President Macron's centrist alliance and the far-left coalition New Popular Front has prevented the initial leading far-right National Rally party from obtai

09-07-2024 00:26 GMT by Kelvin Wong

Aussie dollar calm ahead of confidence reports

The Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6637 in the North American session, down 0.15% on the day.

08-07-2024 12:24 GMT by Kenneth Fisher

EUR/USD gains ground despite French election shocker

The euro has started the week with gains and is trading at 1.0836 in the European session, up 0.33% on the day. EUR/USD is coming off its best week of the year, gaining 1.19%. France veers to the left in Round 2 France has been on a political roller over the past two weeks and the wild ride isn’t over yet.

08-07-2024 08:13 GMT by Kenneth Fisher

USD/JPY: Soft US data offers a potential relief rally for JPY

Lacklustre US non-farm payrolls & ISM Services PMI for June has led to a further drop in US Treasury yields. Both the 2-year and 10-year US Treasuries/JGBs yield premiums have shrunk to a 5-month low. A lower positive carry using JPY as a funded currency and elevated net short positioning in JPY futures may put a temporary halt to JPY’s persistent weakness. Watch the 162.40 intermediate resistance on the USD/JPY. This is a follow-up analysis of our prior report, “USD/JPY: Verbal intervention i

08-07-2024 07:47 GMT by Kelvin Wong

GBP/USD Price Outlook: Cable Holds the High Ground, Multi-Month Resistance Up Ahead

GBP/USD is facing a key multi-month resistance level at 1.2850 after a positive run. The outcome of US inflation data and Fed Chair Powell's testimony could significantly impact the GBP/USD exchange rate. A break above 1.2850 might require a catalyst, like a substantial drop in US inflation, while support levels are identified at 1.2750 and below. Most Read: The Week Ahead – Will US Inflation Data Derail Market Optimism? GBP/USD opened slightly lower last night due to the unexpected results fro

08-07-2024 05:18 GMT by Zain Vawda

The Week Ahead - Will US Inflation Data Derail Market Optimism?

Soft US economic data, including lower-than-expected job growth, has increased market expectations for a September rate cut. The week ahead features important data releases, including US inflation figures and Chinese inflation data. US Inflation holds the key to a September rate cut.

05-07-2024 14:23 GMT by Zain Vawda

USD/CAD steady as job growth falls in Canada, US

The Canadian dollar is showing little movement on Friday. In the North American session, USD/CAD is trading at 1.3618, up 0.05% on the day. Canada and the US released employment data today and surprisingly, the Canadian dollar has showed almost no reaction. Canada’s labor market contracted in June, with a decrease of 1.4 thousand.

05-07-2024 09:41 GMT by Kenneth Fisher

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