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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 despite soft household spending
The Japanese yen is calm on Friday. In the European session, USD/JPY is trading at 155.50, down 0.06% on the day at the time of writing. Japan's household spending slips Japan’s economic activity has been sluggish and household spending, a key driver of economic growth, declined by 1.2% m/m in April.
07-06-2024 06:35 GMT by Kenneth Fisher
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USD/JPY eyes household spending
The Japanese yen is steady on Thursday after showing sharp swings throughout the week. In the North American session, USD/JPY is trading at 156.27, up 0.10% on the day at the time of writing. Japan’s consumers have been holding tight on the purse strings as inflation remains high and economic conditions remain gloomy.
06-06-2024 10:39 GMT by Kenneth Fisher
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British pound calm, BoE wage growth expectations fall
The British pound is slightly lower on Thursday. GBP/USD is trading at 1.2771 in the European session at the time of writing, down 0.12% on the day. BoE: Businesses expect lower wage growth The Bank of England released a survey today which showed wage growth expectations for the coming year have fallen sharply.
06-06-2024 07:50 GMT by Kenneth Fisher
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EUR/GBP Technical: Hovering at a 21-month low ahead of ECB
The FX market is likely to have fully priced in a 25-bps cut from the ECB today, hence it is likely going to be a non-event. The catalysts that may trigger a significant intraday movement in the FX market are new forward guidance (if any) from ECB President Lagarde and the latest Eurozone inflation trend forecasts. Watch the 0.8540 key short-term resistance on the EUR/GBP.
06-06-2024 07:02 GMT by Kelvin Wong
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Euro steady as ECB poised to deliver rate cut
The euro is showing limited movement ahead of the ECB rate decision later today. EUR/USD is trading at 1.0879 in the European session, up 0.10% on the day. ECB likely to cut, but then what? Barring a huge surprise, the European Central Bank will cut its deposit rate later today.
06-06-2024 06:03 GMT by Kenneth Fisher
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ECB's Interest Rate Decision and its Impact on EUR/USD Exchange Rate
Talking Points ECB Main Refinance Rate and EU Inflation EUR/USD Technical Analysis - Daily Chart [caption id="attachment_810773" align="aligncenter" width="624"] Inflation Monitor Source: Bloomberg Finance L.P.[/caption] ECB Main Refinance Rate and EU Inflation The European Central Bank is scheduled to announce its main refinancing rate on its June 6th, 2024 meeting, traders around the world are looking forward to the central bank’s decision.
05-06-2024 17:15 GMT by Moheb Hanna
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USD/CAD rises after Bank of Canada rate cut
The Bank of Canada lowered interest rates earlier on Wednesday and the Canadian dollar has lost ground against its US counterpart. In the North American session, USD/CAD is trading at 1.3713, up 0.28%. Bank of Canada cuts cash rate to 4.75% The Bank of Canada took the plunge and cut interest rates for the first time in over four years, lowering the cash rate by 0.25% to 4.75%.
05-06-2024 10:53 GMT by Kenneth Fisher
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Euro quiet as German services hits 12-month high
The euro is almost unchanged against the US dollar on Wednesday. EUR/USD is trading at 1.0883 in the North American session, up 0.04% on the day. German, eurozone services PMI accelerate The German services PMI was revised upwards to 54.2 in May, up from the initial estimate of 53.9.
05-06-2024 10:05 GMT by Kenneth Fisher
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AUD shrugs as Australian GDP misses estimate
After starting the week with sharp swings, the Australian dollar is showing little movement on Wednesday. AUD/USD is trading at 0.6644 in the European session, down 0.06% on the day. Australian GDP posts 0.1% growth Australia’s GDP was a disappointment, with a gain of just 0.1% q/q in the first quarter.
05-06-2024 08:02 GMT by Kenneth Fisher
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Market Insights Podcast - Volatile oil prices ex-post OPEC+, ECB and US NFP on the radar for this week
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, OPEC+ members did not extend the voluntary cuts of 2.2 million bpd till end of 2024 but instead only until Q3 2024, oil prices reacted negatively due to incoming influx of more supplies after September 2024. Secondly, market participants have likely fully priced in a 25 bps cut for this coming Thursday, 6 June ECB monetary policy meeting.
04-06-2024 00:19 GMT by Kelvin Wong
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Swiss franc climbing, eyes Swiss inflation
Swiss franc has extended its gains on Monday. USD/CHF is trading at 0.8961 in the North American session, down 0.68%. Swiss franc rally continues The Swiss franc posted its strong weekly gain of the year last week, rising 1.35%.
03-06-2024 11:18 GMT by Kenneth Fisher
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EUR/USD calm as eurozone manufacturing improves
The euro has posted slight losses on Monday. EUR/USD is trading at 1.0835 in the European session, down 0.11% on the day. Eurozone manufacturing close to stabilizing The eurozone manufacturing sector is still contracting but there is light at the end of the tunnel.
03-06-2024 07:18 GMT by Kenneth Fisher
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EUR/USD shrugs as Eurozone CPI higher than expected
The euro has  on Friday after edged higher on Friday after eurozone CPI was hotter than anticipated. EUR/USD is trading at 1.0848 in the European session, up 0.27% on the day. Eurozone inflation accelerates in April The inflation rate in the eurozone surprised the markets with a hotter-than-expected release for May.
31-05-2024 10:44 GMT by Kenneth Fisher
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Canadian dollar eyes Canadian GDP
The Canadian dollar is showing little movement on Friday, but that could change with the release of Canadian GDP and the US PCE Price index later today. USD/CAD is trading at 1.3660 in the European session, down 0.15% on the day. Canada’s economy expected to have flatlined in March Canada’s economy is expected to have remained unchanged in March, after a weak gain in February of just 0.2% m/m, which was less than expected.
31-05-2024 04:33 GMT by Kenneth Fisher
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USD/JPY: JPY cross pairs may get smacked down by higher JGB yields
A further rise in the JGB yields may increase the cost of JPY-funded carry trade strategies. The pace of the JGB yield upmove has increased significantly since March-end. A lower-end offered amount of 425 billion yen for BOJ’s scheduled bond-buying programme on 31 May for JGBs with residual maturity of 5 to 10 years may see a further rally in JGB yields. Watch the key short-term resistance of 158.30 on the USD/JPY. This is a follow-up analysis of our prior report, “USD/JPY: JPY weakness is back
30-05-2024 13:34 GMT by Kelvin Wong
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