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.

GBP/USD shrugs as UK economy shows slight growth

The British pound is drifting on Wednesday. In the European session, GBP/USD is trading at 1.2784, down 0.06%. UK GDP expands 0.2% in January It wasn’t a spectacular rebound but the UK economy showed some slight improvement, with GDP rising 0.2% m/m in January.

13-03-2024 08:34 GMT by Kenneth Fisher

CHF/JPY Technical: Potential major bullish trend exhaustion

The recent significant increase of a total of 20 bps in the 2-year JGB yield since the start of the year has come in line with the highly anticipated rosy results of the annual wage negotiations in Japan. In the past week, the JPY crosses have come under downside pressure as the carry trade strategy loses its appeal. Watch the 168.75 key short-term resistance on the CHF/JPY. The JPY crosses have continued to face downside pressure in the recent week ahead of key related risk events such as the

13-03-2024 02:14 GMT by Kelvin Wong

USD/JPY slips after US inflation surprise

The Japanese yen has looked sharp lately but is considerably lower on Tuesday. In the North American session, USD/JPY is trading at 147.75, up 0.55%.

12-03-2024 14:09 GMT by Kenneth Fisher

EUR/JPY Price Forecast - Technical Analysis Outlook

Next week, markets await the Bank of Japan’s policy rate, monetary policy statement, and press conference, market participants are speculating whether the BOJ will raise interest rates for the first time since 2007. Last week, the Yen appreciated by 1.85% against the Euro, as EURJPY dropped from a high of 163.56 to a low of 160.57 as rate speculation began.

12-03-2024 06:23 GMT by Moheb Hanna

GBP/USD loses ground on soft employment report

The British pound has extended its losses on Tuesday. In the European session, GBP/USD is trading at 1.2799, down 0.26%. UK job market slows down The UK labor market has remained resilient despite elevated interest rates but is showing signs of cracks, based on today’s employment release. The unemployment rate rose to 3.9% in the three months to January, up from 3.8% in the three months to December and above the market estimate of 3.8%.

12-03-2024 05:44 GMT by Kenneth Fisher

Market Insights Podcast - US CPI, Michigan Consumer Confidence and Japan’s wage negotiations results looms

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. The primary focus will be on the US CPI data for February out on Tuesday (12 March) and the preliminary wage negotiations result for FY 2024/2025 from Japan's largest union group, Rengo on Friday (15 March). The consensus is calling for a moderation of the US inflationary trend where the core-CPI data for February is expected to slow down slightly to 3.7% y/y from 3.9% y/y in January.

11-03-2024 22:54 GMT by Kelvin Wong

GBP/USD edges lower, UK employment next

The British pound has started the trading week in negative territory. In the North American session, GBP/USD is trading at 1.2807, down 0.39%.

11-03-2024 13:23 GMT by Kenneth Fisher

Japanese yen rally continues as GDP ticks higher

The Japanese yen continues to make inroads against the US dollar. In Monday’s European session, USD/JPY is trading at 146.54, down 0.35%.

11-03-2024 06:48 GMT by Kenneth Fisher

EUR/USD Technical: At risk of minor mean reversion decline as US NFP looms

EUR/USD has evolved into a short-term uptrend phase as it traded back above its 20-day and 50-day moving averages in the past two days. Yesterday’s swift upmove of +89 pips ex-post ECB increases the risk of a minor mean reversion decline for the EUR/USD. The consensus estimate for today’s US NFP is pegged at a relatively low expectation of 200K jobs added for February below 353K added in January. Watch the 1.0970 key short-term resistance on the EUR/USD

08-03-2024 05:12 GMT by Kelvin Wong

Canadian dollar extends gains after BoC decision

The Canadian dollar has edged higher on Thursday. In the North American session, USD/CAD is trading at 1.3470, down 0.33%.

07-03-2024 12:46 GMT by Kenneth Fisher

AUD/USD surges despite soft GDP data

The Australian dollar has posted strong gains on Wednesday despite a weak GDP report today. In the North American session, AUD/USD is trading at 0.6562, up 0.90%. Australian GDP posts weak gain of 0.2% Australia’s economy ended 2023 on whimper rather than a gain, as GDP rose just 0.2% q/q the fourth quarter.

06-03-2024 11:22 GMT by Kenneth Fisher

Canadian dollar flat ahead of BOC meeting

The Canadian dollar is trading quietly on Wednesday. In the North American session, USD/CAD is trading at 1.3580, down 0.08% On the economic calendar, the Bank of Canada holds its rate meeting.

06-03-2024 06:24 GMT by Kenneth Fisher

NZD/JPY Technical: Failure bullish breakout indicates potential softness (JPY strength) ahead

3 key risk events that may significantly influence the movement of NZD/JPY; Japan’s FY 2024/2025 annual wage negotiations preliminary results (15 March), BoJ’s monetary policy outcome (19 March) & Fed FOMC and release of its latest dot plot (20 March). Technical analysis has indicated a potential medium-term bearish momentum on sight for NZD/JPY. Watch the key short-term resistance of 92.00 for NZD/JPY. This is a follow-up analysis of our prior report, “NZD/JPY: JPY crosses under downside press

06-03-2024 01:25 GMT by Kelvin Wong

Japanese yen yawns as Tokyo Core CPI jumps

The Japanese yen is drifting on Tuesday. In the European session, USD/JPY is trading at 150.44, down 0.05%. Tokyo rises 2.5% as expected Today’s release of Tokyo Core CPI, which excludes fresh food and is considered Japan’s important inflation indicator, had no effect on the Japanese yen, as February’s gain of 2.5% y/y was in line with market expectations.

05-03-2024 04:52 GMT by Kenneth Fisher

Market Insights Podcast - A busy week with Tokyo CPI, China 2 Sessions, Fed Chair Powell testimony and US NFP

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and event. A busy week ahead across the globe, over in Asia, the key focus will be on Tokyo's core-core inflation rate (excluding food & energy) where the consensus is expecting an uptick from January's softer print of 2.2% y/y.

04-03-2024 19:21 GMT by Kelvin Wong

Swiss franc edges higher as Swiss CPI falls to 1.2%

The Swiss franc is slightly higher at the start of the week. In the North American session, USD/CHF is trading at 0.8852, up 0.20%. Swiss inflation lower than expected Switzerland’s inflation rate dipped to 1.2% y/y in February, down from 1.3% in January but above the market estimate of 1.1%.

04-03-2024 12:24 GMT by Kenneth Fisher

Japanese yen steady ahead of Tokyo Core CPI

The Japanese yen is showing limited movement on Monday. In the European session, USD/JPY is trading at 150.34, up 0.13%. Tokyo Core CPI expected to rise to 2.5% Japan releases Tokyo Core CPI, considered the most important inflation indicator, on Tuesday.

04-03-2024 05:32 GMT by Kenneth Fisher

EUR/USD steady after eurozone inflation dips

Eurozone inflation falls to 2.6% Eurozone unemployment rate drops to record low of 6.4% The euro is calm on Friday. In the European session, EUR/USD is trading at 1.0818, up 0.13%. Eurozone inflation eases to 2.6% Inflation continues its downward trend in the eurozone.

01-03-2024 08:37 GMT by Kenneth Fisher

Canadian dollar shrugs as GDP beats estimates

The Canadian dollar is showing limited movement on Friday. In the European session, USD/CAD is trading at 1.3576, down 0.03%. Canada’s GDP expands by 1.0% The Canadian economy grew by 1.0% y/y in the fourth quarter of 2023, beating the market estimate of 0.8%.

01-03-2024 06:45 GMT by Kenneth Fisher

Japanese yen jumpy after BoJ member urges tighter policy

Japanese yen falls below 150 BoJ’s Tanaka urges changes to monetary policy US PCE price index falls to 2.4% BoJ's Tanaka hints at tighter monetary policy After close to two weeks of little movement, the Japanese yen is showing some volatility. The yen climbed as much as 1% on Thursday before paring much of those gains.

01-03-2024 04:37 GMT by Kenneth Fisher

1 … 85 86 87 … 223