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.

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

AUD/USD stabilizes after taking a tumble, Fed next

The Australian dollar has steadied on Wednesday after sliding 1.4% a day earlier. AUD/USD is up 0.19%, trading at 0.6489 at the time of writing in the North American session. Australian dollar slides after soft retail sales Retail sales in Australia fell 0.4% m/m in March, following a downwardly revised 0.2% gain in February and shy of the market estimate of 0.2%.

01-05-2024 09:45 GMT by Kenneth Fisher

NZ dollar shrugs after soft jobs report

The New Zealand dollar has steadied on Thursday, after a sharp decline of 1.5% a day earlier. NZD/USD is trading higher 0.08% on the day at 0.5890, at the time of writing. New Zealand’s employment declines New Zealand’s labor market is showing signs of cracks.

01-05-2024 06:02 GMT by Kenneth Fisher

Canadian dollar slides as Cdn. GDP misses expectations

The Canadian dollar is down sharply on Tuesday. In the North American session, USD/CAD is trading at 1.3743, down 0.71%. Canada’s GDP rises 0.2% Canada’s economy continues to struggle in the first quarter.

30-04-2024 12:54 GMT by Kenneth Fisher

Euro dips as eurozone GDP expands

The euro is slightly lower on Tuesday. In the North American session, EUR/USD is trading at 1.0703, down 0.17%. Eurozone GDP climbs, inflation dips The eurozone economy expanded by 0.3% q/q in the first quarter, the highest rate since the third quarter of 2022.

30-04-2024 10:31 GMT by Kenneth Fisher

EUR/USD: Sideways within a medium-term downtrend

Eurozone preliminary core CPI rate for April continued to inch lower at 2.7% y/y, its slowest pace of inflationary pressure since February 2022. 2-year and 10-year Eurozone sovereign bonds/US Treasuries yield spread discounts have continued to widen which supports a potential medium to long-term bearish trend on the EUR/USD. Watch the 1.0740 key short-term resistance on the EUR/USD ahead of the Fed’s monetary policy decision on 1 May. Since its December 2023 high of 1.1140, the EUR/USD has tra

30-04-2024 07:16 GMT by Kelvin Wong

USD/JPY stabilizes after roller-coaster Monday

The Japanese yen is lower on Tuesday. In the European session, USD/JPY is trading at 156.88, up 0.34%. It has been a relatively quiet day for the yen after massive movement over the past two days.

30-04-2024 06:09 GMT by Kenneth Fisher

USD/JPY: An overextended intraday rally makes it vulnerable to a squeeze down with rumoured talks of FX intervention

USD/JPY extended its rally to hit 159.60 key long-term resistance (also the April 1990 secular swing high). Today’s Asian session's swift upmove in USD/JPY has led to an increase in its volatility condition which increases the risk of FX intervention. Abrupt intraday movement in USD/JPY that wiped out earlier intraday gains has the hallmark of a suspected FX intervention. This is a follow-up analysis of our prior report, “USD/JPY: Persistent JPY bearish trend intact despite growing intervention

29-04-2024 03:26 GMT by Kelvin Wong

Australian dollar extends gains as PPI surges

The Australian dollar has posted four straight winning sessions this week and is in positive territory on Friday. In the European session, AUD/USD is trading at 0.6534, up 0.24%.

26-04-2024 07:24 GMT by Kenneth Fisher

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