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.

EUR/USD falls to five-week low

The euro has edged lower on Friday. In the European session, EUR/USD is trading at 1.0782, down 0.05%. It has been a bumpy road for the euro in 2024, as the currency has declined 2.3% so far this year.

29-03-2024 07:15 GMT by Kenneth Fisher

Japanese yen steady as Tokyo Core CPI ticks lower

The Japanese yen continues to have a quiet week and is unchanged in the European session at 151.17. Tokyo Core CPI inches lower to 2.4% Tokyo Core CPI, which excludes fresh food, eased to 2.4% y/y in March, a drop lower than the 2.5% gain in February and matching expectations. This inflation indicator is closely watched as it is considered a leading indicator of nationwide inflation.

29-03-2024 06:01 GMT by Kenneth Fisher

USD/CAD edges lower on strong Canadian GDP

The Canadian dollar is slightly higher on Thursday. USD/CAD is trading at 1.3537 in the North American session, down 0.23%. Canada’s GDP rebounds with 0.6% gain Canada’s GDP bounced back with a strong gain of 0.6% m/m in January, after a 0.1% in December.

28-03-2024 14:02 GMT by Kenneth Fisher

Australian dollar slides after weak retail sales report

The Australian dollar is down sharply and has fallen to a three-week low. In the European session, AUD/USD is trading at 0.6491, down 0.66%. Australia’s retail sales rise 0.3% Australia’s retail sales slipped in February to 0.3% m/m, a sharp drop from the 1.1% gain in January and shy of the market forecast of 0.4%.

28-03-2024 06:50 GMT by Kenneth Fisher

Aussie yawns after inflation remains unchanged at 3.4%

The Australian dollar continues to drift. In the European session, AUD/USD is trading at 0.6529, down 0.06%. Australian CPI softer than expected Australia’s inflation rate stayed steady at 3.4% y/y in February, unchanged for a third straight month.

27-03-2024 11:22 GMT by Kenneth Fisher

USD/JPY slides to lowest level since 1990

The Japanese yen has edged higher on Wednesday. In the European session, USD/JPY is trading at 151.17, down 0.26%. Yen falls to 34-year low, will Tokyo intervene? The Bank of Japan raised interest rates last week for the first time since 2007.

27-03-2024 07:18 GMT by Kenneth Fisher

USD/JPY shrugs after BoJ core inflation dips

The Japanese yen continues to have a quiet week. In the North American session, USD/JPY is trading at 151.36, down 0.03%. BoJ core inflation eases to 2.3% Bank of Japan core inflation fell to 2.3% in February, down from 2.6% in January and shy of the market estimate of 2.5%.

26-03-2024 11:26 GMT by Kenneth Fisher

Australian dollar edges higher, CPI next

The Australian dollar has extended its gains on Tuesday. In the European session, AUD/USD is trading at 0.6557, up 0.26%.

26-03-2024 07:11 GMT by Kenneth Fisher

CHF/JPY Technical: On the brink of a potential major bearish breakdown (CHF weakness)

The surprise rate cut by SNB has reinforced the bearish momentum of CHF/JPY. CHF has weakened across the board against the G-10 currencies; it is the weakest against the EUR. Watch the 169.00 key short-term resistance on CHF/JPY with key support coming in at 166.55. This is a follow-up analysis of our prior report, “CHF/JPY Technical: Potential major bullish trend exhaustion” dated 13 March 2024. Click here for a recap. The CHF/JPY cross-pair has remained soft as it failed to surpass its 50-da

26-03-2024 04:55 GMT by Kelvin Wong

Market Insights Podcast - Currency war risk, US PCE, AU monthly CPI on the watch

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. A relatively quieter week versus last week's major central banks' galore as we head into the Easter holiday with several key events and economic data to take note.

25-03-2024 22:04 GMT by Kelvin Wong

USD/JPY drifting at start of week

The Japanese yen is showing limited movement on Monday. In the North American session, USD/JPY is trading at 151.25, down 0.13%. Yen can’t find its footing Last week’s Bank of Japan was dramatic as the central bank raised interest rates for the first time since 2007.

25-03-2024 10:29 GMT by Kenneth Fisher

Australian dollar stabilizes, consumer sentiment next

The Australian dollar has started the week with slight gains, after sliding 0.86% on Friday. In the European session, AUD/USD is trading at 0.6530, up 0.24%. PBoC move sends Aussie sharply lower The Australian dollar ended the week with sharp losses after China’s central bank set the daily fixing of the Chinese yuan lower than expected on Friday.

25-03-2024 07:15 GMT by Kenneth Fisher

Cdn. dollar dips as retail sales disappoint

The Canadian dollar has extended its losses on Friday. USD/CAD is trading at 1.3569 in the North American session, up 0.29%. Canada’s retail sales slip in January Canada’s retail sales fell 0.3% m/m in January, revised from the earlier estimate of -0.4% and well off the 0.9% gain in December.

22-03-2024 09:24 GMT by Kenneth Fisher

Pound drops to 1-month low after flat retail sales

The British pound has extended its losses on Friday. In the European session, GBP/USD is trading at 1.2600, down 0.45%.

22-03-2024 06:07 GMT by Kenneth Fisher

Swiss franc slides after SNB lowers rates

The Swiss franc has tumbled on Thursday after the Swiss National Bank lowered interest rates. In the North American session, USD/CHF is trading at 0.8987, up 1.35% on the day.

21-03-2024 14:10 GMT by Kenneth Fisher

Pound edges lower ahead of BoE meeting

The British pound is slightly lower on Thursday. In the European session, GBP/USD is trading at 1.2766, down 0.16%. BoE expected to hold rates The markets will shift focus from the Federal Reserve, which maintained rates on Wednesday, to the Bank of England, which is holding its rate meeting later today. The BoE is widely expected to maintain the cash rate at 5.25% at today’s meeting but investors will be looking for signals of a rate cut.

21-03-2024 07:09 GMT by Kenneth Fisher

Cdn. dollar falls to three-month low as CPI slows

USD/CAD is trading at 1.3580 in the North American session, up 0.10%. The Canadian dollar is under pressure and dropped to a 3-month low on Tuesday, following Canada’s CPI release. Canada’s CPI falls to 2.8% Canada’s inflation rate continues to head lower and fell to 2.8% y/y in February.

20-03-2024 10:57 GMT by Kenneth Fisher

GBP/USD dips as UK inflation lower than expected

The British pound has extended its losses on Wednesday. In the European session, GBP/USD is trading at 1.2695, down 0.21%.

20-03-2024 07:11 GMT by Kenneth Fisher

Gold Technical: A potential minor corrective pull-back in play as FOMC looms

Gold (XAU/USD) has traded in a tight range of 2% in the past two weeks after it printed a fresh all-time high of US$2,195 on 8 March. The biggest risk event for today will be the latest Fed FOMC’s dot plot projection on the trajectory of its Fed funds rate; a reduction to two cuts from three cuts for 2024 cannot be ruled out. Technical analysis suggests potential short-term weakness in Gold (XAU/USD). Watch the key short-term resistance at US$2,180 on Gold (XAU/USD).

20-03-2024 06:52 GMT by Kelvin Wong

USD/JPY soars as BoJ scraps negative rates

The Japanese yen has taken a tumble on Tuesday. In the North American session, USD/JPY is trading at 150.67, up 1.02%. BoJ lifts rates, end yield curve control The Bank of Japan hiked interest rates for the first time since 2007 at today’s meeting and also abolished the yield control curve to target interest rate at specific levels.

19-03-2024 10:51 GMT by Kenneth Fisher

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