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.

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

EUR/USD dips as German inflation declines

Eurozone to release inflation data on Friday EUR/USD dips as Germany’s inflation rate falls German inflation falls to 2.5% The euro is in negative territory on Thursday. In the North American session, EUR/USD is trading at 1.0800, down 0.35%. Germany’s inflation rate dropped to 2.5% y/y in February, down from 2.9% in January and lower than the market estimate of 2.6%.

29-02-2024 13:30 GMT by Kenneth Fisher

Australian dollar edges higher as retail sales rebound falls short

The Australian dollar has stabilized on Thursday after sustaining sharp losses a day earlier. In the North American session, AUD/USD is trading at 0.6512, up 0.26%. Australian retail sales rebound but miss estimate Australia's retail sales started the year on the right foot but were not as strong as expected.

29-02-2024 09:19 GMT by Kenneth Fisher

Canadian dollar hits 10-week low ahead of GDP

The Canadian dollar is drifting on Thursday. In the European session, USD/CAD is trading at 1.3585, down 0.06%.

29-02-2024 06:07 GMT by Kenneth Fisher

Market Insights Podcast - US GDP, RBNZ holds, bitcoin soars

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the recent US data, RBNZ rate decision and the latest rally in bitcoin.

28-02-2024 15:18 GMT by Craig Erlam

Australian dollar slides after CPI stays steady

The Australian dollar took a hit after Australian inflation was lower than expected. In the North American session, AUD/USD is trading at 0.6493, down 0.78%. CPI holds steady at 3.4% Australia’s inflation rate remained steady in January at 3.4% y/y, unchanged from December and below the market estimate of 3.6%.

28-02-2024 10:03 GMT by Kenneth Fisher

1 … 88 89 90 … 226