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 slips ahead of retail sales, Powell’s speech

The New Zealand dollar is drifting on Thursday. In the North American session, NZD/USD has fallen to 0.6132 at the time of writing, down 0.41% on the day. The New Zealand dollar continues to have its way with its US counterpart and has soared 4% since July 29. New Zealand retail sales expected to slide The markets are braced for a downturn in retail sales for the second quarter, with a market estimate of -1%, following a 0.5% gain in the first quarter.

22-08-2024 10:45 GMT by Kenneth Fisher

Japanese Yen Price Action Ideas: USD/JPY, EUR/JPY

The Japanese Yen has seen significant volatility in recent weeks, influenced by factors like US Dollar recovery and mixed Japanese economic data. USD/JPY shows potential for retesting the 150.00 level, with resistance at 146.37 and support around 143.60. EUR/JPY mirrors USD/JPY's movements, with resistance at 163.50 and the potential for a 200-pip rally if it breaches the 200-day MA. Most Read: Bitcoins (BTC/USD) Steady Range: Mt Gox Impact and Future Outlook JPY Fundamental Overview The Japan

22-08-2024 10:18 GMT by Zain Vawda

Euro edges lower on mixed eurozone PMI

The euro is steady on Thursday. In the European session, EUR/USD is trading at 1.1136 at the time of writing, down 0.11% on the day. Eurozone services accelerates, manufacturing dips down There was mixed news from the eurozone PMIs, which provide a monthly report card for the services and manufacturing sectors.

22-08-2024 07:25 GMT by Kenneth Fisher

US Dollar Index (DXY) Tumbles as BLS Revises Job Growth Downward, Rate Cuts Loom

US Dollar Index Plummets on Revised Jobs Data and Dovish Fed Minutes BLS Revises US Job Growth Downward. Biggest Downward Revision Since the Global Financial Crisis. Fed Rate Cuts Priced In?

22-08-2024 03:30 GMT by Zain Vawda

Bitcoins (BTC/USD) Steady Range: Mt Gox Impact and Future Outlook

Bitcoin prices are currently range-bound, the range between 56,561 and 61,750 is keeping both buyers and sellers cautious. Mt. Gox moved 13,265 Bitcoins totaling and estimated $780 million.

21-08-2024 10:56 GMT by Zain Vawda

GBP/USD hits 1-month high, UK PMIs next

The British pound is showing limited movement on Wednesday, after a four-day rally in which it surged 1.7% against the retreating US dollar. GBP/USD is trading at 1.3047 in the North American session at the time of writing, up 0.1% on the day. All eyes on Jerome Powell The annual meeting at Jackson Hole has added significance this year as the Federal Reserve is expected to deliver a milestone rate cut in September.

21-08-2024 09:25 GMT by Kenneth Fisher

Euro drifting as investors eye Fed minutes

The euro is calm on Wednesday after an impressive 3-day rally which saw EUR/USD jump 1.4%. Will the upswing continue?

21-08-2024 06:30 GMT by Kenneth Fisher

Canadian dollar shrugs as Can. CPI drops to 3-year low

The Canadian dollar is almost unchanged on Tuesday after posting gains over the past two days. In the North American session, USD/CAD is trading at 1.3636 at the time of writing. Canada’s inflation eases to 2.5% Canada’s headline CPI rose to 2.5% year-on-year in July, down from 2.7% in June and matching the market estimate.

20-08-2024 13:16 GMT by Kenneth Fisher

Euro extends gains, hits new high for 2024

The euro rally has run out of steam on Tuesday after rallying 1% over the past two days. In the North American session, EUR/USD is trading at 1.1110, up 0.22% on the day at the time of writing.

20-08-2024 11:29 GMT by Kenneth Fisher

Australian dollar's rally runs out of steam

The Australian dollar has steadied after pummeling the US dollar over the past two sessions. AUD/USD is trading at 0.6729 in the European session, down 0.04% on the day at the time of writing. RBA minutes: Rates will remain steady The RBA minutes from the meeting earlier this month reiterated that interest rates aren’t expected to fall anytime soon.

20-08-2024 07:06 GMT by Kenneth Fisher

USD/CAD Teeters Near Critical Support Ahead of Canadian Inflation Data

USD/CAD is approaching a crucial support zone above 1.3600 ahead of Canadian inflation data. The Loonie has strengthened recently due to rising oil prices and USD weakness. Upcoming Canadian inflation and retail sales data, along with Fed policymakers' statements, will be crucial for USD/CAD's direction. Most Read: Gold (XAU/USD) Eyes Consolidation Above $2500/oz.

19-08-2024 13:13 GMT by Zain Vawda

Japanese yen surges against retreating US dollar

The Japanese yen has started the week sharp gains. In the North American session, USD/JPY is trading at 146.53, down 0.68% on the day.

19-08-2024 11:43 GMT by Kenneth Fisher

New Zealand dollar extends gains as services index rises

The New Zealand dollar wrapped up a fourth consecutive winning week and is in positive territory on Monday. NZD/USD is trading at 0.6076, up 0.37% in the European session at the time of writing. New Zealand PSI pace of contraction eases The New Zealand Performance of Services Index rose to 44.6 in July, up sharply from 40.7 in June.

19-08-2024 09:08 GMT by Kenneth Fisher

RBA's Bullock says no rate cuts coming, Aussie soars

The Australian dollar has started the week with slight gains. AUD/USD is trading at 0.6685 in the European session, up 0.24% on the day at the time of writing.

19-08-2024 06:52 GMT by Kenneth Fisher

Gold (XAU/USD) Eyes Consolidation Above $2500/oz. Will Bulls Hold the Line?

Gold prices surpassed the $2500/oz level on Friday despite a decrease in the likelihood of a 50 bps cut at the Federal Reserve's September meeting. The rally in gold prices is attributed to dovish remarks by Federal Reserve policymakers and concerns over rising tensions in the Middle East. From a technical standpoint, the weekly chart indicates a strong bullish trend for gold, but a retracement towards the 2450 mark is possible.

19-08-2024 06:44 GMT by Zain Vawda

Markets Weekly Outlook - Gold Hits New ATH Ahead of Jackson Hole Symposium

Gold reaches a new all-time high as markets reassess rate cut expectations after evaluating resilient US data. The Jackson Hole Symposium will be a key event next week, with central bankers discussing strategies for growth and monetary policy. It's a data-heavy week in Europe and the US, with the release of FOMC minutes, PMI data, and speeches from Fed Chair Powell and BoE Governor Bailey.

16-08-2024 16:54 GMT by Zain Vawda

Euro edges higher, US dollar under pressure

The euro has edged higher on Friday. In the European session, EUR/USD is trading at 1.0994, up 0.21% on the day at the time of writing. The US dollar is under pressure and the euro rose as much as 1.2% this week before paring about half of those gains.

16-08-2024 07:45 GMT by Kenneth Fisher

New Zealand dollar stems slide

The New Zealand dollar has rebounded on Friday after a 1.4% slide over the past two days. NZD/USD is trading at 0.6017, up 0.70% in the European session at the time of writing. Solid US numbers raises risk appetite Exactly two weeks ago, a soft employment report out of the US panicked investors and caused a meltdown across global stock markets.

16-08-2024 06:44 GMT by Kenneth Fisher

GBP/USD extends gains as retail sales bounce back

The British pound has extended its gains on Friday. GBP/USD is trading at 1.2887 in the European session, up 0.31% on the day at the time of writing.

16-08-2024 04:48 GMT by Kenneth Fisher

Japanese yen slides after hot US release sales

The Japanese yen is sharply lower on Thursday. In the North American session, USD/JPY is trading at 149.02, up 1.1% on the day. Japan’s economy bounces back in second quarter Japan’s economy jumped 3.1% y/y in the second quarter, an impressive turnaround from the revised 2.3% decline in the first quarter and above the market estimate of 2.1%.

15-08-2024 13:20 GMT by Kenneth Fisher

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