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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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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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Hang Seng Index: Weak key China data and revival of Trumponomics dampen last week’s bullish tone
Weak China retail sales, Q2 GDP & the potential return of Trumponomics sparked today’s sell-off seen on the Hang Seng Index. The Hang Seng Index is still trading above its 17,110 key medium-term support. Direct fiscal stimulus measures to jumpstart consumer spending in China if announced in the Third Plenum may trigger another round of short-term upmove on the Hang Seng Index.
15-07-2024 08:40 GMT by Kelvin Wong
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NZ dollar dips after soft Services PMI
The New Zealand dollar has started the trading week in negative territory. NZD/USD is trading at 0.6097 in the European session, down 0.35% on the day at the time of writing. New Zealand Services PMI slips The week started on a sour note in New Zealand as the Services PMI eased to 40.2 in June, down from 42.6 in May, missing expectations and decelerating for a fourth straight month.
15-07-2024 05:42 GMT by Kenneth Fisher
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The Week Ahead - ECB Spotlight as Fed Rate Speculations Drive Market Shifts
US inflation data caused a significant selloff in US mega-cap tech stocks and a shift towards riskier areas of the market. The ECB interest rate decision is expected to bring no change, but the bank lending survey may shed light on the impact of higher rates on the economy. In the UK, inflation data is due on Wednesday, and while headline CPI dipped below 2% in June, it is expected to rise again in the second half of the year.
12-07-2024 13:13 GMT by Zain Vawda
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NZ dollar edges higher despite soft mfg. data
The New Zealand dollar is slightly higher on Friday. NZD/USD is trading at 0.6110 in the European session, up 0.24% on the day at the time of writing. New Zealand dollar showing big swings It has been a volatile few days for the New Zealand dollar.
12-07-2024 06:16 GMT by Kenneth Fisher
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USD/JPY stabilizes after massive slide
The Japanese yen has edged lower on Friday, after posting huge gains a day earlier. USD/JPY is trading at 159.16 in the European session, up 0.26% on the day at the time of writing. Japanese yen soars - soft US inflation or intervention? The US dollar was down against most of the major currencies on Thursday, after a softer--than-expected US CPI report raised expectations for a rate cut in September.
12-07-2024 05:09 GMT by Kenneth Fisher
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EUR/GBP Technical: Make the Pound great again
EUR/GBP has resumed its downward trajectory since the start of the year, now trading close to a 2-year low at 0.8320. Unfavourable political environment in France versus a newly formed Labour-led UK government that favours pro-growth policies may see further underperformance of the Euro against the Pound. EUR/GBP continues to oscillate within a short-term downtrend phase with key resistance at 0.8500. This is a follow-up analysis of our prior report, “EUR/GBP Technical: Hovering at a 14-month l
11-07-2024 09:31 GMT by Kelvin Wong
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GBP/USD hits 4-month high on strong GDP
The British pound has extended its gains on Thursday. GBP/USD is trading at 1.2876 in the European session, up 0.22% on the day. UK GDP beats expectations The sun is shining in London today and there’s plenty to smile about besides the pleasant weather.
11-07-2024 06:24 GMT by Kenneth Fisher
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USD/CAD Price Outlook: 200-day MA Holds Ahead of US CPI Release
USD/CAD has been range-bound, reflecting US Dollar Index consolidation and potential rate differential between Canada and the US. Canada's volatile inflation and struggling labor market increase pressure on the Bank of Canada (BoC). USD/CAD is positioned between key moving averages, with a tight range suggesting a potential breakout following the inflation data.
11-07-2024 05:21 GMT by Zain Vawda
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