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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 shrugs as Eurozone CPI higher than expected
The euro has  on Friday after edged higher on Friday after eurozone CPI was hotter than anticipated. EUR/USD is trading at 1.0848 in the European session, up 0.27% on the day. Eurozone inflation accelerates in April The inflation rate in the eurozone surprised the markets with a hotter-than-expected release for May.
31-05-2024 10:44 GMT by Kenneth Fisher
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Canadian dollar eyes Canadian GDP
The Canadian dollar is showing little movement on Friday, but that could change with the release of Canadian GDP and the US PCE Price index later today. USD/CAD is trading at 1.3660 in the European session, down 0.15% on the day. Canada’s economy expected to have flatlined in March Canada’s economy is expected to have remained unchanged in March, after a weak gain in February of just 0.2% m/m, which was less than expected.
31-05-2024 04:33 GMT by Kenneth Fisher
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USD/JPY: JPY cross pairs may get smacked down by higher JGB yields
A further rise in the JGB yields may increase the cost of JPY-funded carry trade strategies. The pace of the JGB yield upmove has increased significantly since March-end. A lower-end offered amount of 425 billion yen for BOJ’s scheduled bond-buying programme on 31 May for JGBs with residual maturity of 5 to 10 years may see a further rally in JGB yields. Watch the key short-term resistance of 158.30 on the USD/JPY. This is a follow-up analysis of our prior report, “USD/JPY: JPY weakness is back
30-05-2024 13:34 GMT by Kelvin Wong
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EUR/USD climbs after US GDP, eurozone CPI next
The euro is in positive territory on Thursday. EUR/USD is trading at 1.0840 in the North American session, up 0.37% on the day. Eurozone inflation expected to tick higher to 2.5% The week wraps up with eurozone inflation on Friday.
30-05-2024 11:46 GMT by Kenneth Fisher
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Swiss franc jumps as Swiss GDP improves
The Swiss franc has posted strong gains on Thursday after Switzerland’s GDP was hotter than expected. USD/CHF is down 0.83% on the day and is trading at 0.9056 early in the North American session.
30-05-2024 08:51 GMT by Kenneth Fisher
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Euro edges lower as German inflation accelerates
The euro is quiet on Wednesday. EUR/USD is trading at 1.0840 in the North American session, down 0.14% on the day. German inflation rises to 2.4% Germany’s inflation rate rose to 2.4% y/y in May, following a 2.2% gain in each of the past two months.
29-05-2024 10:21 GMT by Kenneth Fisher
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AUD/USD yawns as CPI higher than expected
The Australian dollar is showing limited movement on Wednesday. AUD/USD is trading at 0.6647 in the European session, down 0.02% on the day at the time of writing. What will it take to shake up the Australian dollar?
29-05-2024 05:49 GMT by Kenneth Fisher
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AUD/USD rises after retail sales tick higher
The Australian dollar has edged higher on Tuesday. AUD/USD is trading at 0.6667, up 0.25% on the day at the time of writing. Australia’s retail sales rise 0.1%, CPI next Australian consumers remain frugal and cautious, as retail sales rose just 0.1% m/m April.
28-05-2024 10:08 GMT by Kenneth Fisher
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USD/JPY shrugs as Japan’s inflation data a mix
The Japanese yen continues to drift and is showing little movement on Tuesday. USD/JPY is trading at 156.92, up 0.01% on the day at the time of writing. Corporate service prices jumps, BoJ core CPI dips Japanese inflation indicators have been a mix this week.
28-05-2024 05:34 GMT by Kenneth Fisher
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EUR/CHF Technical: Potential bullish impulsive moves resume
The potential upcoming interest cut on 6 June from the ECB is likely to have been fully priced in by the markets. The forward guidance by ECB officials on the timing of subsequent rate cuts is murky and the consensus forecasts for the current Eurozone core inflation deceleration trend may have plateaued in May. These factors are likely to support a further potential widening of the premium seen in the Eurozone/Switzerland 2-year sovereign bond yield spread. Watch the key medium-term support of 0
27-05-2024 12:01 GMT by Kelvin Wong
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USD/JPY steady as BoJ’s Ueda urges caution
The Japanese yen has been drifting since late last week and is calm on Monday. USD/JPY is trading at 156.85, down 0.09% on the day at the time of writing. Ueda: BoJ will proceed with caution The Bank of Japan has been outlier, as it looks to raise interest rates at a time when other major central banks are aiming to cut rates as inflation falls.
27-05-2024 07:06 GMT by Kenneth Fisher
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GBP/USD steady despite plunge in retail sales
The British pound continues to have a quiet week in which it has stayed close to the 1.27 line. GBP/USD is trading at 1.2715, up 0.13% at the time of writing in the European session. UK retail sales tumbles 2.3% UK retail spending slumped in April with a 2.3% m/m decline.
24-05-2024 08:21 GMT by Kenneth Fisher
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USD/JPY: JPY weakness is back in vogue at least for the short-term
The 10-year JGB yield has continued to push higher to 1% together with 3-month and 6-month overnight indexed swap (OIS) rates in Japan at 0.12% to 0.17% The JPY has failed to strengthen despite the bullish movements in JGB yields and OIS rates. Broad-based US dollar strength and the deceleration in the lagging core-core CPI inflation trend are the main drivers of short-term JPY weakness. Watch the key short-term support of 155.90 on the USD/JPY. This is a follow-up analysis of our prior report,
24-05-2024 02:17 GMT by Kelvin Wong
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USD/JPY steady as Japanese PMIs mixed
The Japanese yen is slightly lower on Thursday. USD/JPY is trading at 156.70, down 0.08% on the day at the time of writing. Japan’s PMIs for April were a mixed bag and the yen didn’t show much reaction.
23-05-2024 09:15 GMT by Kenneth Fisher
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Euro edges lower ahead of FOMC minutes
The euro is slightly lower on Wednesday. EUR/USD is down 0.17%, trading at 1.0836 in the North American session at the time of writing. Will Fed minutes be hawkish? It has been a light data calendar in the US, with no tier-1 events until Thursday.
22-05-2024 11:45 GMT by Kenneth Fisher
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GBP/USD shrugs as UK inflation higher than expected
The British pound edged higher earlier today but has pared most of those gains. GBP/USD is trading at 1.2703, up 0.06% early in the North American session. UK inflation declines less than expected UK inflation fell sharply in April, falling to 2.3% y/y.
22-05-2024 08:49 GMT by Kenneth Fisher
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