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 rebounds on sticky inflation report

The New Zealand dollar has bounced back with strong gains on Wednesday, ending a nasty slide of 3.4% which started last week. In the North American session, NZD/USD is trading at 0.5907, up 0.45%. New Zealand inflation falls less than expected New Zealand’s CPI continued to ease in the first quarter but the markets were expecting more.

17-04-2024 10:16 GMT by Kenneth Fisher

GBP/USD rises as UK inflation higher than expected

The British pound has rebounded after sliding 2.1% over the past week. In the European session, GBP/USD is trading at 1.2461, up 0.28%. UK inflation drops to 3.2% Inflation in the UK continues to decline but the March release was not as strong as expected.

17-04-2024 07:46 GMT by Kenneth Fisher

EUR/CHF Technical: Bullish exhaustion condition detected after 2-month of rallies

A bolder dovish ECB increases the likelihood of a yield premium shrinkage of Eurozone sovereign bonds over Switzerland sovereign bonds. The recent 2-month of rallies seen in the EUR/CHF have been overstretched with bearish momentum conditions flashed out. EUR/CHF is at risk of shaping a short-term mean reversion decline within a medium-term uptrend phase. Watch the 0.9755 key short-term pivotal resistance on the EUR/CHF. The recent two months of Euro strength against the CHF has led to a stella

17-04-2024 05:24 GMT by Kelvin Wong

NZ dollar slips ahead of New Zealand inflation

The New Zealand dollar is down for a third straight day and has plunged 3.4% in less than a week. In the North American session, NZD/USD is trading at 0.5881, down 0.36%. New Zealand inflation expected to fall to 4.3% New Zealand’s inflation rate has been dropping and the trend is expected to continue on Wednesday.

16-04-2024 11:42 GMT by Kenneth Fisher

Canadian dollar extends losses as Canada’s inflation rises

The Canadian dollar is down for a fifth straight day and has slipped 1.9% during that time. In the North American session, USD/CAD is trading at 1.3840, up 0.37%. Canada’s inflation rises to 2.9% Canada’s inflation rate for March rose to 2.9% y/y, ticking up from 2.8% in February and above the market forecast of 2.7%.

16-04-2024 10:16 GMT by Kenneth Fisher

Currency war and geopolitical risk are deadly concoctions for risk assets

The odds have inched higher for a currency war scenario where the Chinese yuan may be weakened further to drive export growth due to its latest decelerating growth trend in China’s retail sales and persistent weak housing prices. Export-oriented countries may be forced to enact “beggar-thy-neighbour” typed monetary policies to deliberately weaken their respective currencies. A heightened currency war-liked scenario is likely to trigger another layer of US dollar strength. A persistent US dollar

16-04-2024 07:00 GMT by Kelvin Wong

GBP/USD dips after weak employment data

The British pound dropped 0.30% after today’s UK employment report but has recovered most of these losses. In the European session, GBP/USD is trading at 1.2452, up 0.05%. UK job growth slides, unemployment rises The UK employment report was weaker than expected.

16-04-2024 06:10 GMT by Kenneth Fisher

Market Insights Podcast - Pause in oil rally, UK and Japan inflation, China Q1 GDP are the focus for this week

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. The possible scenarios on the trajectory oil prices after its 13% rally seen in the past month amid geopolitical tensions in Middle East with fears of tic-for-tact retaliation moves between Israel and Iran.

15-04-2024 21:38 GMT by Kelvin Wong

GBP/USD eyes UK employment release

The British pound is steady on Monday. In the North American session, GBP/USD is trading at 1.2445, up 0.05%. US retail sales climb 0.7% US consumers continue to shop and spend as March retail sales was stronger than expected.

15-04-2024 11:12 GMT by Kenneth Fisher

Euro ends slide as industrial production rebounds

The euro has stabilized on Monday after sustaining sharp losses on Friday. In the European session, EUR/USD is trading at 1.0656, up 0.14%.

15-04-2024 08:14 GMT by Kenneth Fisher

NZ dollar slides to five-month low

The New Zealand dollar has stabilized on Monday after as sharp decline of 1% on Friday. In the European session, NZD/USD is trading at 0.5945, up 0.14%.

15-04-2024 06:13 GMT by Kenneth Fisher

NZ dollar slips as manufacturing softens

The New Zealand dollar is down sharply on Friday. In the North American session, NZD/USD is trading at 0.5956, down 0.68%.

12-04-2024 09:02 GMT by Kenneth Fisher

Euro can’t find its footing after ECB pause

The euro continues to stumble and is down for a fourth straight day. In the European session, EUR/USD is trading at 1.0653, down 0.67%.

12-04-2024 07:20 GMT by Kenneth Fisher

Pound slips to 4.5-month low, UK GDP ticks higher

The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2594, down 0.47%.

12-04-2024 05:55 GMT by Kenneth Fisher

Australian dollar steadies after sharp slide

The Australian dollar has stabilized on Thursday. In the North American session, AUD/USD is trading at 0.6524, up 0.19%.

11-04-2024 10:28 GMT by Kenneth Fisher

Canadian dollar gets spanked, BoC holds rates

The Canadian dollar is almost unchanged on Thursday, after sliding 0.8% a day earlier. In the European session, USD/CAD is trading at 1.3569, up 0.04%. BoC holds interest rates There were no surprises from the Bank of Canada, which maintained the cash rate at 5%.

11-04-2024 08:07 GMT by Kenneth Fisher

Euro stabilizes ahead of ECB decision

The euro is steady on Thursday, after sliding over 1% on Wednesday following the hot US inflation report. In the European session, EUR/USD is trading at 1.0745, down 0.03%. ECB widely expected to hold rates The European Central Bank meets later today and is widely expected to hold the deposit rate at 4% for a fifth straight time.

11-04-2024 05:39 GMT by Kenneth Fisher

USD/JPY Technical: Rising US Treasury-JGB yield spreads outweigh BoJ’s intervention risk

A firmer March’s US CPI has altered the relative fundamentals narrative between the US & Japan. Reduces the risk of FX intervention from Japanese authorities to prop up a weaker JPY due to the lack of supporting fundamentals. The bullish reversal seen in the 10-year yield spread of the US Treasury over JGB may act as an impetus to support further US dollar strength. Watch the next intermediate resistances of 153.50 & 154.25 on the USD/JPY. This is a follow-up analysis of our prior report,

11-04-2024 05:35 GMT by Kelvin Wong

EUR/USD Outlook Ahead of ECB Main Refinancing Rate and Monetary Policy

Talking Points European Central Bank – ECB US Consumer Price Index – US CPI EUR/USD Technical Analysis - Weekly Chart EUR/USD has been grappling with significant pressure over the past few weeks, caught between the influence of inflation data and the ongoing speculation on the USA and Euro Zone interest rate paths. Since January 1st, 2024, the pair has been trading within a range as high as 1.1000 and as low as 1.0700.

11-04-2024 00:07 GMT by Moheb Hanna

Australian dollar slides on hot US inflation report

The Australian dollar has declined sharply on Wednesday. In the North American session, AUD/USD is trading at 0.6515, down 1.7%. US inflation higher than expected at 3.5% The US consumer price index has accelerated for a second straight month.

10-04-2024 11:36 GMT by Kenneth Fisher

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