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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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EUR/CHF: Medium-term global risk-off kickstarts (Part 2)
Further weakness in the US ISM Manufacturing PMI & Employment sub-component increases the risk of a hard landing scenario. A Fed interest rate cut that is implemented late in the US economic cycle where a downturn may be already in motion sees the evaporation of the earlier outperformance of the Dow Jones Industrial Average and Russell 2000. EUR/CHF faces further downside pressure reinforced by a medium-term global risk-off episode. This is a follow-up analysis of our prior report, “S&P 500: Fu
02-08-2024 08:17 GMT by Kelvin Wong
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USD/CAD Price Forecast: USD Bulls Eye Breakout as DXY Shakes Off Post FOMC Haze
The Federal Reserve left interest rates unchanged, but the statement acknowledges a moderating job market and slightly elevated inflation, opening the door for a potential September rate cut. The US Dollar initially weakened after the FOMC meeting but has since rebounded, supported by the 104.00 level. USD/CAD faced resistance at 1.3850 and could potentially break higher if the US Dollar Index continues to strengthen. Will jobs data be the catalyst? Most Read: Trump Courts Crypto Fans Amid Bitc
01-08-2024 12:23 GMT by Zain Vawda
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FOMC Rate Decision - Potential Impact on EUR/USD, GBP/USD and the Dollar Index
The market anticipates a shift in the Fed's stance, with three rate cuts now expected in 2024 due to softening economic data. A soft landing remains possible as the labor market cools and inflation shows signs of easing. Technical analysis suggests GBP/USD is consolidating, EUR/USD maintains a bullish structure, and the Dollar Index (DXY) is at risk of a sharp decline. Most Read: Gold, Crude Oil Prices Soar on Rising Middle East Tensions, FOMC Next FOMC Preview: September Cut Most Likely Marke
31-07-2024 10:03 GMT by Zain Vawda
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Gold, Crude Oil Prices Soar on Rising Middle East Tensions, FOMC Next
Gold and oil prices have surged due to rising tensions in the Middle East. Gold with a trendline break as bulls eye $2480/oz, FOMC meeting next. Brent crude oil found support around the 78.00 handle and is currently trading at 80.82 a barrel, with potential for further upside due to geopolitical risks.
31-07-2024 05:14 GMT by Zain Vawda
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USD/JPY Technical: JPY strength halted right at the 151.70 support as BoJ hiked interest rate. What’s next for the JPY?
BoJ hiked its overnight interest rate to 0.25% and announced its “Quantitative Tightening” plan, without much major surprises. USD/JPY sold off but still hovering above its 151.70 key short-term support. Cannot rule out the possibility of another minor mean reversion rebound in USD/JPY before a bearish impulsive down move sequence unfolds with next medium-term support supports coming in at 149.50 and 146.20/144.60. This is a follow-up analysis of our prior report, “USD/JPY Technical: Potent
31-07-2024 03:50 GMT by Kelvin Wong
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Australian dollar edges lower ahead of CPI
The Australian dollar has edged lower on Tuesday. AUD/USD is trading at 0.6535 in the North American session, down 0.21% on the day. Australian CPI expected to rise to 3.8% Australia will release second-quarter CPI early Wednesday, with expectations that inflation is moving the wrong way.
30-07-2024 12:11 GMT by Kenneth Fisher
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GBP/USD Stalls as Bulls and Bears Clash Ahead of Central Bank Meetings
The GBP/USD pair is currently experiencing a standoff between bulls and bears, with the pair clinging to support at the 1.2850 level. The upcoming Federal Reserve and Bank of England policy meetings are adding to market uncertainty, with the odds of a BoE rate cut hovering around 58%. UK Finance Minister Rachel Reeves has announced immediate spending cuts, citing the unsustainability of public finances. Most Read: Trump Courts Crypto Fans Amid Bitcoin’s Battle to Break $70k Barrier Cable has h
30-07-2024 06:10 GMT by Zain Vawda
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USD/JPY - All eyes on Bank of Japan, yen slips
The Japanese yen has sparkled in the second half of July but has lost steam this week. USD/JPY is trading at 154.88 in the European session, up 0.57% on the day at the time of writing. To hike or not to hike The Bank of Japan meets early Wednesday and the markets aren’t sure what to expect.
30-07-2024 06:04 GMT by Kenneth Fisher
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Market Insights Podcast - Big week ahead with FOMC, BOJ and NFP on the radar
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events as well as the impact on global markets. Pivotal week peppered with major risk events; a trio of key central bank monetary policy outcomes (Fed FOMC, Bank of Japan, and Bank of England) and US non-farm payrolls data for July to wrap up the week.
30-07-2024 00:12 GMT by Kelvin Wong
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USD/JPY looking for direction
The Japanese yen continues to show volatility but has closed right where it started over the past few sessions. USD/JPY is trading at 153.65 in the European session, up 0.04% on the day.
29-07-2024 06:17 GMT by Kenneth Fisher
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USD/JPY Technical: Potential mean reversion rebound in progress above 200-day MA
Last week's drop of 2.8% seen in the USD/JPY has almost reached a key support of 151.70. An overstretched decline with high volatility on top of an oversold condition increases the odds of a mean reversion rebound scenario for USD/JPY. Watch the potential upside trigger of 154.10 on the USD/JPY. This is a follow-up analysis of our prior report, “USD/JPY: Another potential relief rally leg looms for JPY” published on 22 July 2024. Click here for a recap. The price actions of the Japanese yen ha
29-07-2024 05:54 GMT by Kelvin Wong
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Markets Weekly Outlook: Central Banks and US Earnings. Will the BoJ Hike Rates?
Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports Despite the volatility and tech led selloff, US equity funds saw inflows. Central bank meetings, particularly the FOMC and BoJ, and US NFP data will be key drivers of market sentiment in the coming week. Read More: Oil Price Reversal Ahead? Chart Patterns Indicate Possible Bounce at Support Week in Review: Sentiment Overshadows
26-07-2024 13:47 GMT by Zain Vawda
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Gold Technical: The recent sell-off may have reached a potential bullish reversal level at US$2,353
The recent weakness seen in Gold (XAU/USD) is likely to be driven by US politics as the “Gold premium” has moved in synch with the betting odds of Republican nominee Trump winning the US Presidential Election. The US Treasury market is likely to take a driver's seat now as the focus returns to the monetary policy guidance from the outcome of the US Fed FOMC meeting next Wednesday, 31 July.
26-07-2024 07:19 GMT by Kelvin Wong
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