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 flat, Tokyo Core CPI higher than expected

Japanese yen pushes above 161 The Japanese yen is unchanged on Friday, but has managed to set a new low against the US dollar. The yen is trading at 160.72 in the European session and fell as low as 161.28 earlier, its lowest level since 1986. Tokyo Core CPI accelerates to 2.1% Tokyo core CPI, which excludes fresh food and is closely monitored by the Bank of Japan, climbed to 2.1% y/y in June, up from 1.9% in May and above the market estimate of 2%.

28-06-2024 06:44 GMT by Kenneth Fisher

Euro eyes French inflation

The euro has gained ground on Thursday. EUR/USD is trading at 1.0707, up 0.26% on the day.

27-06-2024 12:37 GMT by Kenneth Fisher

Gold Price Update: XAU/USD surges to $2330 after yesterday's selloff – What’s next?

Acceptance below $2300/oz remains elusive as bulls return in force. PCE inflation data culd shake up the markets and provide a stable medium-term outlook for gold prices. Trendline break hints at potential upside toward $2365-2370/oz area. Must Read: US Dollar on Edge: how PCE data could shake up the markets Gold (XAU/USD) prices surged on Thursday following a sharp selloff and a brief dip below the $2300 psychological barrier.

27-06-2024 11:01 GMT by Zain Vawda

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

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

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

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

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

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

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

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

Canadian dollar eyes inflation release

The Canadian dollar is showing limited movement on Tuesday. USD/CAD is trading at 1.3675 in the European session, up 0.12% on the day at the time of writing.

25-06-2024 07:45 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

Market Insights Podcast - JPY verbal intervention intensified with US PCE inflation & French election looms

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. We kicked off the week with the another weak JPY backdrop where it continued to seek a retest on its 34-year low against the US dollar at the 160.00 per USD handle.

25-06-2024 02:08 GMT by Kelvin Wong

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

Australian dollar calm ahead of consumer confidence

The Australian dollar has started the week quietly. AUD/USD is trading at 0.6648 early in the North American session, up 0.11% on the day. Australia releases Westpac Consumer Sentiment early on Tuesday.

24-06-2024 09:47 GMT by Kenneth Fisher

Yen steadies after dreadful week

The Japanese yen has posted gains on Monday. In the European session, USD/JPY is trading at 159.26, down 0.10%.

24-06-2024 06:29 GMT by Kenneth Fisher

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

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

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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