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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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Markets Weekly Outlook: French, UK Elections in Focus Followed by NFP Data
Despite a decline in core PCE numbers, hawkish comments from Fed policymakers cast doubt on a September rate cut. The first half of 2024 saw a widening gap between growth and value stocks, with the former outperforming the S&P 500. Concerns over central bank policy divergence and a weakening Yen add to market uncertainty. The week ahead brings key data releases, including US non-farm payroll and unemployment figures. Chart of the week: S&P 500 RSI divergence hints at further downside.
28-06-2024 15:18 GMT by Zain Vawda
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USD/JPY: Bullish exhaustion in minor uptrend ahead of US PCE inflation
Today’s Asia session US dollar strength triggered by the first round of the US Presidential Election debate has started to dissipate ahead of US PCE inflation. The recent 11 days of rally seen in the USD/JPY has reached an overstretched condition. Short-term bullish exhaustion condition detected on the USD/JPY after a test on the 161.10 short-term pivotal resistance. The earlier pop-up of the US dollar strength against the major G-10 currencies seen during today’s early Asian session, 28 June
28-06-2024 07:59 GMT by Kelvin Wong
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Canadian dollar eyes Can. GDP, US Core PCE
The Canadian dollar is almost unchanged on Friday. USD/CAD is trading at 1.3704 in the European session. Canada’s GDP expected to rise 0.3% Canada’s economy has been in low gear, with a flat GDP reading in March.
28-06-2024 07:57 GMT by Kenneth Fisher
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USD/JPY flat, Tokyo Core CPI higher than expected
Japanese yen pushes above 161 The Japanese yen is unchanged on Friday, but has managed to set a new low against the US dollar. The yen is trading at 160.72 in the European session and fell as low as 161.28 earlier, its lowest level since 1986. Tokyo Core CPI accelerates to 2.1% Tokyo core CPI, which excludes fresh food and is closely monitored by the Bank of Japan, climbed to 2.1% y/y in June, up from 1.9% in May and above the market estimate of 2%.
28-06-2024 06:44 GMT by Kenneth Fisher
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Gold Price Update: XAU/USD surges to $2330 after yesterday's selloff – What’s next?
Acceptance below $2300/oz remains elusive as bulls return in force. PCE inflation data culd shake up the markets and provide a stable medium-term outlook for gold prices. Trendline break hints at potential upside toward $2365-2370/oz area. Must Read: US Dollar on Edge: how PCE data could shake up the markets Gold (XAU/USD) prices surged on Thursday following a sharp selloff and a brief dip below the $2300 psychological barrier.
27-06-2024 11:01 GMT by Zain Vawda
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USD/JPY steady as BOJ watches with sense of urgency
Japanese yen remains below 160 USD/JPY is trading at 160.38 early in the North American session, down 0.25% on the day. The Japanese yen has been trading below 160 on Thursday, after dropping as low as 160.87 on Wednesday, its lowest level since December 1986. As the yen continues to hit new lows, there are concerns of another intervention from the Bank of Japan in order to stem the currency’s rapid depreciation.
27-06-2024 09:39 GMT by Kenneth Fisher
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US Dollar on Edge: how PCE data could shake up the markets
What is the US PCE data and why is it important? Uncertainty regarding the Federal Reserve and US Dollar remains high due to conflicting US data and global inflation concerns. The upcoming PCE data release is highly anticipated as it may influence the Fed's stance on rate cuts. The US Dollar Index (DXY) is rangebound ahead of the PCE release. Will 107 finally be revisited? Most Read: Bitcoin (BTC/USD) Stabilizes: Is this the bottom markets have been waiting for? Market participants contin
27-06-2024 09:34 GMT by Zain Vawda
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Aussie calm as inflation expectations jump
The Australian dollar has posted small gains on Thursday. AUD/USD is trading at 0.6654 in the European session, up 0.10% on the day. Australian inflation expectations rises to 4.4% This week’s inflation indicators have risen more than expected, an indication that inflation remains sticky and that the road to the Reserve Bank of Australia’s inflation target band of 2% to 3% will be bumpy. On Wednesday, the Melbourne Institute Inflation Expectations rose to 4.4% in June, up from May’s 4.1% gain,
27-06-2024 07:47 GMT by Kenneth Fisher
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USD/JPY breaks 160, will Tokyo intervene?
Japanese yen slumps to 37-year low USD/JPY is trading at 160.68 in the North American session, up 0.62% on the day. The Japanese yen broke below the psychological barrier of 160 today and has fallen to its lowest level since December 1986. The Japanese currency had been hovering just below 160 throughout the week and has finally broken through. The yen’s downward move has raised concerns that the Bank of Japan will intervene in the currency markets yet again.
26-06-2024 11:55 GMT by Kenneth Fisher
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Australian dollar slightly higher as CPI rises to 4%
The Australian dollar rose 0.40% after the Australian CPI release but has given much of those gains. AUD/USD is trading at 0.6663 in the European session, up 0.24% on the day. Australian inflation surprises on the upside Australia’s CPI accelerated to 4.0% in May, up from 3.6% in April and above the market estimate of 3.8%.
26-06-2024 08:03 GMT by Kenneth Fisher
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Gold prices under pressure as the Dollar Index (DXY), US Yields Rise
Gold continues its decline with $2300/oz firmly back in sight. US Dollar index and US 10Y yield continue to rise, US 10Y now at 4.275%. PCE inflation data could be the catalyst needed for gold prices to find some direction. Fundamental Overview  Gold prices remain under pressure this morning as rising US yields and a stronger US Dollar weigh on the precious metal.
26-06-2024 06:45 GMT by Zain Vawda
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AUD/JPY: Aussie outperformance with a hotter AU CPI
Australia’s monthly CPI has increased to 4% from 3.6% in April, a sign of a sticky and elevated consumer inflationary trend. The odds of an RBA interest rate in the near-term horizon have reduced which increased the yield premium of 2-year Australian government bond over JGB. AUD/JPY is likely on a path of bullish acceleration within its medium-term & major uptrend phases.
26-06-2024 05:28 GMT by Kelvin Wong
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Australian dollar edges lower, CPI next
The Australian dollar is slightly lower on Tuesday. AUD/USD is trading at 0.6638 in the North American session, down 0.27% on the day. Australian consumer sentiment climbs Australia’s Westpac Consumer Sentiment index flexed some muscle earlier on Tuesday but that didn’t help the Australian dollar.
25-06-2024 12:04 GMT by Kenneth Fisher
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Japanese Yen Technical Outlook: USD/JPY, EUR/JPY & GBP/JPY
FX intervention chatter returns, but is it enough for the ailing JPY? USD/JPY at psychological 160.00 handle. EUR/JPY prints morningstar candlestick pattern, hinting at the potential for further upside. Fundamental Overview  The Japanese Yen continues to tread water against its G 7 peers as its monetary policy stance continues to be scrutinized. Many analysts, myself included, had hoped for a bold approach from Bank of Japan (BoJ) Governor Ueda at the June meeting of the BoJ.  The Governor howe
25-06-2024 03:09 GMT by Zain Vawda
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Euro rises despite soft German business climate
The euro has started the week with gains. EUR/USD is trading at 1.0727 in Monday’s European session, 0.34% on the day. German Business Climate surprises with dip Germany’s Ifo Business Climate surprised on the downside, declining to 88.6 in June.
24-06-2024 12:16 GMT by Kenneth Fisher
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