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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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USD/CAD Eyes Breakout as Oil Price Slide Continues, BoC Meeting Next
USD/CAD is nearing a breakout after being range-bound since April, potentially driven by falling oil prices and a weakening Canadian Dollar. The Bank of Canada (BoC) is expected to cut rates this week due to rising unemployment, falling consumer spending, and slowing GDP per capita. However, the rate cut may already be priced in, limiting its impact on USD/CAD. Most Read: Weekly Market Outlook: US PCE, GDP, and Earnings Expected to Drive Volatility USD/CAD is back at the top end of the wedge pa
22-07-2024 11:24 GMT by Zain Vawda
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USD/JPY: Another potential relief rally leg looms for JPY
A potential uptick in Japan’s core-core CPI led by PPI may increase the odds of a BoJ’s interest rate hike in September. Republican presidential nominee Donald Trump’s betting odds have slipped after US President Biden decided to bow out of the US Presidential Election race. A resurgence of Trumponomics that may be challenged which in turn may lead to a US dollar mixed-bag to negative environment in the short term. Another daily close below 156.50 on the USD/JPY may trigger a multi-week correct
22-07-2024 06:09 GMT by Kelvin Wong
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Australian dollar falls to 3-week low
The Australian dollar is coming off a rough week with losses of 1.45% and the downtrend has continued on Monday. AUD/USD is trading at 0.6664 in the European session, down 0.30% on the day at the time of writing.
22-07-2024 05:34 GMT by Kenneth Fisher
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Safe Havens Gain Favor Amid Geopolitical Tensions and US Election Uncertainty, Gold Above $2400/oz, DXY Slips
Increased geopolitical tensions in the Middle East and US election uncertainty have caused a rise in safe-haven demand, particularly for Gold. The US Dollar has weakened due to concerns about a potential Kamala Harris presidency and its implications on the economy. Market sentiment is expected to be driven by US election developments and geopolitical issues in the first half of the week.
22-07-2024 04:20 GMT by Zain Vawda
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Weekly Market Outlook: US PCE, GDP, and Earnings Expected to Drive Volatility
This week, markets were influenced by trade war fears, US political developments, and a global cyber outage. In Asia, the Japanese yen weakened, and Chinese authorities remained silent on economic goals despite weak data. Next week, US PCE and GDP data, along with Euro Area and UK PMI data, and potential Chinese economic measures will be key drivers of market volatility. The Nasdaq 100's weekly chart shows a potential evening star candlestick pattern, hinting at further downside. Read More: JPY
19-07-2024 11:53 GMT by Zain Vawda
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JPY Technical Outlook: Price Action on USD/JPY, GBP/JPY
Japanese authorities have not confirmed whether they have intervened in the market to support the Yen. USD/JPY broke a long-term descending trendline but found support near the 100-day MA and 155.00 level. Price Action outlook and potential setups on USD/JPY and GBP/JPY. Most Read: EUR/USD Rallies Toward Key Confluence Zone Amid Accelerating DXY Selloff Fundamental Overview The Japanese Yen is enjoying a stellar week thanks in part to optimism around wage growth as well as rising rate cut optim
18-07-2024 10:09 GMT by Zain Vawda
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Australian shrugs on mixed employment data
The Australian dollar is showing limited movement on Thursday. AUD/USD is trading at 0.6736 in the European session, up 0.10% on the day, up 0.1% at the time of writing. Job growth shines but unemployment rises Australia’s employment report for June was a mix, leaving investors scratching the heads.
18-07-2024 06:09 GMT by Kenneth Fisher
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Australian dollar eyes employment report
The Australian dollar is steady on Wednesday. AUD/USD is trading at 0.6743 early in the North American session, up 0.08% on the day. Australia releases the June employment report early on Thursday.
17-07-2024 09:56 GMT by Kenneth Fisher
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EUR/USD Rallies Toward Key Confluence Zone Amid Accelerating DXY Selloff
Eurozone inflation remained stable at the end of Q2 2024, with core inflation for services and non-energy goods unchanged at 4.1% and 0.7% respectively. EU services inflation remains persistently high and is unlikely to decrease significantly in the near future. A challenge for the ECB? EUR/USD is approaching a key resistance zone around 1.0950 ahead of the ECB meeting, which could be pivotal for sustained bullish momentum. Most Read: Gold (XAU/USD) Hits Record High of $2465/oz Despite Positive
17-07-2024 06:39 GMT by Zain Vawda
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Gold (XAU/USD) Hits Record High of $2465/oz Despite Positive US Retail Sales Data
Gold prices reach a new record high of $2465/oz, driven by post-CPI and rate cut optimism. Despite a resurgent US Dollar, gold's upward momentum remains strong, briefly dipping before rallying to new highs. June's US retail sales figures and an upward revision of May's data had minimal impact on gold's rally and market expectations for Fed rate cuts.
16-07-2024 12:17 GMT by Zain Vawda
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NZ dollar can’t find its footing
The New Zealand dollar has posted sharp losses for a second successive day. NZD/USD is trading at 0.6042 in the North American session, down 0.54% on the day at the time of writing.
16-07-2024 11:52 GMT by Kenneth Fisher
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USD/CAD steady after Cdn. CPI, US retail sales
The Canadian dollar is showing limited movement on Tuesday. In the North American session, USD/CAD is trading at 1.3687, up 0.03% on the day at the time of writing. Canada’s CPI lower than expected Canada followed the US and posted a better-than-expected inflation report for June.
16-07-2024 10:26 GMT by Kenneth Fisher
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USD/JPY – Yen surge likely driven by intervention
The Japanese yen has edged lower on Tuesday. USD/JPY is trading at 158.42 in the European session, up 0.28% on the day at the time of writing. BoJ likely intervened after US inflation report The Bank of Japan has been playing a cat-and-mouse game with currency speculators looking to take advantage of the yen’s descent.
16-07-2024 06:59 GMT by Kenneth Fisher
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GBP/USD Faces Challenges in Breaking Through Key 1.3000 Level
GBP/USD struggles to break above the 1.3000 level despite softer US data and a dovish comment from Fed Chair Powell. UK inflation data will be crucial in determining whether GBP/USD can break above 1.3000. Technical analysis suggests GBP/USD may struggle to break above 1.3000 due to option barriers and overbought RSI. Most Read: Bitcoin (BTC/USD) Soars Amidst Surging ETF Inflows Cable is hovering just below the psychological 1.3000 level, with Fed Chair Powell's remarks at the Economic Club of
16-07-2024 05:48 GMT by Zain Vawda
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Market Insights Podcast - China 3rd Plenum, UK inflation and ECB 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. Firstly, the short term impact on global markets after last week's shocking assassination attempt on former US President Donald Trump which has increased his prospects of winning the ticket to the White House in this upcoming November's US Presidential Election according to betting markets.
16-07-2024 02:08 GMT by Kelvin Wong
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