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.

NZ dollar rises ahead of Manufacturing PMI

The New Zealand dollar has made gains on Thursday. NZD/USD is up 0.33% on the day, trading at 0.6024 in the North American session at the time of writing. New Zealand manufacturing has been in the doldrums and the April manufacturing PMI, which will be released on Friday, is expected to show contraction, with a forecast of 48.5.

09-05-2024 10:52 GMT by Kenneth Fisher

Japanese yen lower after BoJ minutes

The Japanese yen has posted a three-day slide and is in negative territory on Thursday. USD/JPY has risen 0.26% on the day and is trading at 155.93 at the time of writing. Is the BoJ turning hawkish? The Bank of Japan released its Summary of Opinions from its April 26th meeting earlier today.

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

Euro drifting after weak German data

The euro continues to have an uneventful week. EUR/USD is up down 0.06%, trading at 1.0748 in the North American session at the time of trading. German industrial production declines It has been a mixed week for German data.

08-05-2024 11:42 GMT by Kenneth Fisher

Canadian dollar slips despite strong Ivey PMI

USD/CAD has edged higher on Wednesday and is up 0.25%, trading at 1.3760 at the time of writing. Canada’s Ivey PMI climbed sharply in April to 63.0, up from 57.5 in March and beating the forecast of 58.1. This marked the highest level since May 2022, indicating that purchasing managers have seen an improvement in business activity.

08-05-2024 08:16 GMT by Kenneth Fisher

USD/JPY – Yen weakness prompts warning from Tokyo

The Japanese yen is down for a third straight day and has declined 1.5% this week. USD/JPY has risen 0.43% on the day and is trading at 155.35 at the time of writing.

08-05-2024 06:41 GMT by Kenneth Fisher

Yen extends losses, Fed members cautious

The Japanese yen is down for a second straight day on Tuesday. USD/JPY has risen 0.45%, up 154.59, up 0.45% at the time of writing.

07-05-2024 08:46 GMT by Kenneth Fisher

Australian dollar weakens as RBA says no rate hikes planned

The Australian dollar has lost ground on Tuesday. AUD/USD has dropped by 0.31%, trading at 0.6604 in the European session at the time of writing. RBA stays pat but wary of inflation There was no surprise as the Reserve Bank of Australia maintained the cash rate at 4.35% for a sixth straight time.

07-05-2024 08:10 GMT by Kenneth Fisher

Pound shrugs as construction PMI jumps

The British pound is slightly lower on Tuesday. GBP/USD is down 0.21%, trading at 1.2535 in the European session at the time of writing. The UK construction PMI jumped to 53.0 in April, up from 50.2 in March and above the forecast of 50.4.

07-05-2024 04:59 GMT by Kenneth Fisher

AUD/NZD: Aussie medium-term outperformance against Kiwi intact supported by RBA

Today’s RBA monetary policy decision statement has kept the possibility of a rate hike before 2024 ends “alive”. The narrowing of the discount between Australia-New Zealand sovereign bonds yield spread has supported the potential continuation of the AUD/NZD medium-term uptrend phase. Watch the key medium-term support of 1.0940 on the AUD/NZD. The paths of inflationary trends between the two Antipodean countries have started to diverge in the past month.

07-05-2024 03:42 GMT by Kelvin Wong

Market Insights Podcast - BOE, RBA, China trade and inflation data 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, two central banks' monetary policy to ponder on ex-post "not so hawkish" FOMC last week engineered by Fed Chair Powell's press conference.

06-05-2024 21:08 GMT by Kelvin Wong

Yen rally fizzles as US dollar climbs

The Japanese yen is sharply lower on Monday after stringing together a three-day rally. USD/JPY is trading at 153.92, up 0.62% at the time of writing. The yen took traders on a roller-coaster ride last week. The Japanese yen fell below the 160 level on Monday, setting another 34-year record before recovering.

06-05-2024 11:29 GMT by Kenneth Fisher

Euro edges higher as eurozone data improves

The euro has started the new trading week quietly. EUR/USD is up 0.23%, trading at 1.0787 in the North American session at the time of trading. Eurozone investor confidence shows slight improvement The eurozone Sentix Investor Confidence index took a small step forward in May, rising to -3.6, up from -5.9 in April and was higher than expected.

06-05-2024 09:25 GMT by Kenneth Fisher

AUD/USD hits one-month high, RBA decision next

The Australian dollar has started the week with modest gains. AUD/USD is up 0.25%, trading at 0.6624 in the European session at the time of writing.

06-05-2024 04:43 GMT by Kenneth Fisher

NZ dollar higher as nonfarm payrolls looms

The New Zealand dollar has extended its gains on Friday. NZD/USD is trading at 0.5985, up 0.39% at the time of writing. It has been a roller-coaster ride for the New Zealand dollar, which plunged 1.5% on Tuesday but has since rebounded and fully recovered. US nonfarm payrolls expected to ease The US economy remains strong and a big factor has been the robust labor market, which has weathered the Federal Reserve’s steep rate-tightening cycle.

03-05-2024 07:28 GMT by Kenneth Fisher

Pound edges higher as UK Services PMI beats estimate

The British is in positive territory on Friday. GBP/USD is trading at 1.2555, up 0.16% at the time of writing. UK Services PMI hits 11-month high The service sector accelerated in April, as the Services PMI rose to 55.0, up from 53.1 in April.

03-05-2024 06:32 GMT by Kenneth Fisher

USD/JPY calm ahead of US nonfarm payrolls

The Japanese yen has extended its gains on Friday. USD/JPY is trading at 153.26, down 0.27% at the time of writing. It has been a week to remember as the yen has soared 3.2% against the dollar.

03-05-2024 04:53 GMT by Kenneth Fisher

AUD/USD jumps after Fed says rate hike unlikely

The Australian dollar has steadied after two straight days of sharp swings. AUD/USD is up 0.14%, trading at 0.6532 at the time of writing in the North American session. It has been a roller-coaster for the Australian dollar this week.

02-05-2024 10:04 GMT by Kenneth Fisher

Canadian dollar edges higher as Fed pauses again

USD/CAD is steady on Thursday and is trading at 1.3720, down 0.14% at the time of writing. Powell says inflation still too high to lower rates The Federal Reserve kept the benchmark rate in the target range of 5.25% to 5.50% for a six straight time at the Wednesday meeting. Fed Chair Powell said that the Fed was not yet ready to lower rates, pointing the finger at high inflation.

02-05-2024 08:07 GMT by Kenneth Fisher

USD/JPY slides – did Tokyo intervene?

It has been a remarkable week for the yen, which has exhibited sharp swings throughout the week. The Japanese yen fell as much as 1% earlier and on Thursday but has pared most of those losses. USD/JPY has risen 0.38% to 155.19 at the time of writing. In the Asian session, the yen fell as low as 157.55 but then recovered to precisely 153.

02-05-2024 06:59 GMT by Kenneth Fisher

USD/JPY calm ahead of Fed decision

Japanese yen is trading quietly on Wednesday. USD/JPY is trading at 157.68, down 0.07% at the time of writing. Fed expected to hold rates The Federal Reserve meets later today and is widely expected to keep rates unchanged for a sixth straight time.

01-05-2024 11:14 GMT by Kenneth Fisher

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