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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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NZ dollar climbs ahead of RBNZ rate decision
The New Zealand dollar has posted considerable gains on Tuesday. In the North American session, NZD/USD is trading at 0.6065, up 0.54% and its highest level since March 21. RBNZ widely expected to hold cash rate The Reserve Bank of New Zealand meets early on Wednesday and it’s practically a given that it will hold the cash rate at 5.5%.
09-04-2024 09:23 GMT by Kenneth Fisher
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Market Insights Podcast - Higher for longer interest rates back in vogue, US CPI, ECB and Q1 US banks earnings on the radar
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, a quick recap on what happened last week week where the initial Fed dovish pivot narrative has been watered down due to a hawkish Fed Speak from Minneapolis Fed President Kashkari that suggested interest rate cuts may not be needed in 2024 coupled with a red-hot US non-farm payroll jobs data for March.
08-04-2024 21:27 GMT by Kelvin Wong
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US Consumer Price Index CPI - USD/JPY Technical Analysis
US Consumer Price Index - CPI The US Consumer Price Index CPI Y/Y overall trend has been steadily declining after reaching its peak of 9.06% in June 2022. A drop in all CPI components, including Energy, Food, and Durable Goods Prices, mainly drove the decline.
08-04-2024 11:58 GMT by Moheb Hanna
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Weak job data sends Canadian dollar slips to 4-month low
The Canadian dollar is showing limited movement on Monday. In the European session, USD/CAD is trading at 1.3598, up 0.06%. Canada and the US both released March employment reports on Friday, with Canada posting a weak reading while US nonfarm payrolls blew past expectations.
08-04-2024 06:12 GMT by Kenneth Fisher
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SPX 500: Fed dovish pivot narrative is at risk
Higher oil prices have led to higher inflationary expectations in the US via the breakeven rates. Recent rise in inflationary expectations coupled with recent “less dovish” Fed Speak from Fed officials Kashkari, and Bostic has revived the “higher for longer” interest rates environment. Higher commodities prices led by oil may see an uptick in US CPI data.
08-04-2024 04:13 GMT by Kelvin Wong
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Japanese yen jumpy ahead of US payrolls
The Japanese yen showed a bit of strength earlier but has pared these gains. In the European session, USD/JPY is trading at 151.41, up 0.04% All eyes on US nonfarm payrolls The markets are bracing for a sharp drop in US nonfarm payrolls for March.
05-04-2024 06:41 GMT by Kenneth Fisher
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Canadian dollar edges lower ahead of Cdn., US job reports
The Canadian dollar is slightly lower on Friday. In the European session, USD/CAD is trading at 1.3559, up 0.12%. Canada and the US will both release employment data later today, which could mean some volatility from USD/CAD in the North American session. Employment in Canada is expected to drop to 25,000 in March, a significant decline from the February gain of 40,700.
05-04-2024 05:39 GMT by Kenneth Fisher
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Aussie rally continues as services PMI rises
The Australian dollar continues to power ahead and has posted strong gains for a third straight day. In the North American session, AUD/USD is trading at 0.6614, up 0.75%. Australian Services PMI shows faster expansion The driver behind the Aussie’s sharp gains today was the Services PMI report, which improved to 54.4 in March.
04-04-2024 10:31 GMT by Kenneth Fisher
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Australian Central Bank Meeting Removes Rate Hike Option - Minutes
The Reserve Bank of Australia minutes of the March meeting indicated that there was no mention of raising interest rates. This points to a less hawkish stance but the Australian dollar is unchanged following the release of the minutes. Reserve Bank drops reference to rate hike The RBA maintained the cash rate at 4.35% at the March 19th meeting.
02-04-2024 10:03 GMT by Kenneth Fisher
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Australian dollar eyes RBA minutes
The Australian dollar has started the trading week with considerable losses. In the North American session, AUD/USD is trading at 0.6482, down 0.50%. Will RBA minutes provide any insights on rate path? Investors are eagerly awaiting the minutes from the Reserve Bank of Australia’s meeting last month.
01-04-2024 12:59 GMT by Kenneth Fisher
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Japanese yen yawns after mixed business confidence report
The Japanese yen is coming off a quiet week and is showing little movement on Monday. In the European session, USD/JPY is trading at 151.38, up 0.03%. Business confidence among major manufacturers falls The Bank of Japan’s Tankan business confidence survey was a mix and the yen showed a muted response.
01-04-2024 07:46 GMT by Kenneth Fisher
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