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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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AUD/USD shrugs as Australian retail sales jump
The Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6674 in the European session, up 0.11% on the day. Australian retail sales climb 0.6% Australian consumers have been counting their pennies and reducing discretionary spending.
03-07-2024 05:55 GMT by Kenneth Fisher
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GBP/USD calm, markets keep eye on Powell speech
The British pound is showing limited movement on Tuesday. GBP/USD is trading at 1.2681 early in the North American session, up 0.25% on the day. There are no UK events today, while the US releases Jolts Job Openings and Federal Reserve Chair Powell speaks at the ECB forum in Sintra, Portugal. UK PMIs points to weak economy The Purchasing Managers’ Indices (PMIs) provide a snapshot of the health of key industries and the UK picture is not a pretty one.
02-07-2024 10:16 GMT by Kenneth Fisher
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EUR/USD: Euro bulls should not be complacent after French election
Sovereign credit risk remains elevated in France despite yesterday’s rallies seen in the EUR/USD, CAC 40 & DAX ex-post first round of the French legislative election. Speculative net capital outflows & bearish sentiment in CAC 40 & DAX may trigger a negative feedback loop into the EUR/USD. EUR/USD at risk of breaking down below 1.0656
02-07-2024 06:31 GMT by Kelvin Wong
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Australian dollar eyes retail sales
The Australian dollar has posted slight losses on Tuesday. AUD/USD is trading at 0.6649 in the European session, down 0.15% on the day. Australian retail sales expected to improve Australian consumers have been in frugal mood and have reduced their discretionary spending.
02-07-2024 04:57 GMT by Kenneth Fisher
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Market Insights Podcast - France and UK elections, US ISM Services PMI, NFP are key highlights for this week
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. We kicked off the week with the post market reactions to the outcome of the pivotal first round of the France legislative elections that saw Le Pen's far right National Rally party took the lead while French President Macron's centrist alliance dropped to third place, below a far left coalition, New Popular Front party.
02-07-2024 02:25 GMT by Kelvin Wong
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USD/JPY rises up after GDP downgrade
The Japanese yen has dropped below the 161 line on Monday. The yen is trading at 161.39 early in the North American session, down 0.35% on the day. Japan’s GDP revised sharply lower Japan revised its first-quarter GDP report to -2.9%, y/y, sharply lower than the initial reading of -1.8%.
01-07-2024 09:55 GMT by Kenneth Fisher
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Gold Price Update: XAU/USD rises as search for catalyst rumbles on
Gold rises as a weaker US Dollar and uncertainty around monetary policy continues. ISM data later today before all attention turns to US jobs data later in the week. Trendline break and price action hint at at a potential rise toward the $2370 resistance handle. Market participants are closely watching for a new catalyst to drive gold prices in a definitive direction.
01-07-2024 08:20 GMT by Zain Vawda
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Markets Weekly Outlook: French, UK Elections in Focus Followed by NFP Data
Despite a decline in core PCE numbers, hawkish comments from Fed policymakers cast doubt on a September rate cut. The first half of 2024 saw a widening gap between growth and value stocks, with the former outperforming the S&P 500. Concerns over central bank policy divergence and a weakening Yen add to market uncertainty. The week ahead brings key data releases, including US non-farm payroll and unemployment figures. Chart of the week: S&P 500 RSI divergence hints at further downside.
28-06-2024 15:18 GMT by Zain Vawda
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USD/JPY: Bullish exhaustion in minor uptrend ahead of US PCE inflation
Today’s Asia session US dollar strength triggered by the first round of the US Presidential Election debate has started to dissipate ahead of US PCE inflation. The recent 11 days of rally seen in the USD/JPY has reached an overstretched condition. Short-term bullish exhaustion condition detected on the USD/JPY after a test on the 161.10 short-term pivotal resistance. The earlier pop-up of the US dollar strength against the major G-10 currencies seen during today’s early Asian session, 28 June
28-06-2024 07:59 GMT by Kelvin Wong
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Canadian dollar eyes Can. GDP, US Core PCE
The Canadian dollar is almost unchanged on Friday. USD/CAD is trading at 1.3704 in the European session. Canada’s GDP expected to rise 0.3% Canada’s economy has been in low gear, with a flat GDP reading in March.
28-06-2024 07:57 GMT by Kenneth Fisher
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USD/JPY flat, Tokyo Core CPI higher than expected
Japanese yen pushes above 161 The Japanese yen is unchanged on Friday, but has managed to set a new low against the US dollar. The yen is trading at 160.72 in the European session and fell as low as 161.28 earlier, its lowest level since 1986. Tokyo Core CPI accelerates to 2.1% Tokyo core CPI, which excludes fresh food and is closely monitored by the Bank of Japan, climbed to 2.1% y/y in June, up from 1.9% in May and above the market estimate of 2%.
28-06-2024 06:44 GMT by Kenneth Fisher
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Gold Price Update: XAU/USD surges to $2330 after yesterday's selloff – What’s next?
Acceptance below $2300/oz remains elusive as bulls return in force. PCE inflation data culd shake up the markets and provide a stable medium-term outlook for gold prices. Trendline break hints at potential upside toward $2365-2370/oz area. Must Read: US Dollar on Edge: how PCE data could shake up the markets Gold (XAU/USD) prices surged on Thursday following a sharp selloff and a brief dip below the $2300 psychological barrier.
27-06-2024 11:01 GMT by Zain Vawda
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USD/JPY steady as BOJ watches with sense of urgency
Japanese yen remains below 160 USD/JPY is trading at 160.38 early in the North American session, down 0.25% on the day. The Japanese yen has been trading below 160 on Thursday, after dropping as low as 160.87 on Wednesday, its lowest level since December 1986. As the yen continues to hit new lows, there are concerns of another intervention from the Bank of Japan in order to stem the currency’s rapid depreciation.
27-06-2024 09:39 GMT by Kenneth Fisher
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US Dollar on Edge: how PCE data could shake up the markets
What is the US PCE data and why is it important? Uncertainty regarding the Federal Reserve and US Dollar remains high due to conflicting US data and global inflation concerns. The upcoming PCE data release is highly anticipated as it may influence the Fed's stance on rate cuts. The US Dollar Index (DXY) is rangebound ahead of the PCE release. Will 107 finally be revisited? Most Read: Bitcoin (BTC/USD) Stabilizes: Is this the bottom markets have been waiting for? Market participants contin
27-06-2024 09:34 GMT by Zain Vawda
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