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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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USD/JPY: Verbal intervention intensified but real intervention may have to wait
The USD/JPY has traded higher in the past 7 sessions and printed an intraday high of 159.85 last Friday, 21 June which coincided with its 34-year high of 160.23 printed on 26 April. Last week’s persistent JPY weakness prompted Japan’s Ministry of Finance Vice Minister-in-charge of the FX market to issue a “firmer” verbal intervention. The current upmove of USD/JPY is more orderly rather than excessive which may not trigger an actual FX intervention from MoF. Watch the key medium-term support of
24-06-2024 06:05 GMT by Kelvin Wong
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GBP/USD shrugs despite sparkling retail sales
The British pound is slightly lower on Friday. GBP/USD is trading at 1.2636 early in the North American session, down 0.17% on the day. UK retail sales hit 4-month high UK retail sales jumped 2.9% m/m in May, an impressive turnaround from the revised 1.8% decline in April and blowing past the market estimate of 1.8%.
21-06-2024 08:50 GMT by Kenneth Fisher
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Hang Seng Index: Near-term weakness prevails over trade war jitters and soft yuan
Canada’s upcoming new tariffs on Chinese EVs have sparked a potential trade war between G-7 and China. A weaker yuan to indirectly offset the negative impact of trade tariffs on China’s exports may spark a currency war. Fears of a currency war emerging may see lesser capital inflows into Asian stock markets.   This is a follow-up analysis of our prior report, “Hang Seng Index: Improvement in market breadth and southbound flows, the bull run may not be over” dated 5 June 2024.
21-06-2024 07:34 GMT by Kelvin Wong
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Euro extends losses after soft PMIs release
The euro has edged lower on Friday. EUR/USD is trading at 1.0687 in the European session, down 0.14% on the day. Is the eurozone economy slowing down? The week ended on a sour note in Europe as June PMIs declined in the eurozone.
21-06-2024 05:13 GMT by Kenneth Fisher
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Gold & Silver test two-week highs on geopolitical concerns and rate cut optimism
Key Points:  Geopolitics return to the fore as concerns mount around the Middle East and Asia.. Safe haven demand sees gold (xau/usd) rise toward 2350 resistance. Silver technicals hint at the potential for further upside. Commodity markets have returned to positive territory this morning, driven by gains in both silver (XAG/USD) and gold (XAU/USD).
20-06-2024 09:36 GMT by Zain Vawda
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SNB cut sends Swiss franc tumbling
The Swiss franc is down sharply on Thursday. USD/CHF is trading at 0.8897 in the European session, up 0.67% on the day. Swiss National Bank trims rate to 1.25% The Swiss National Bank kept investors hanging right up to the last minute as to whether or not it would cut rates at Thursday’s meeting.
20-06-2024 06:15 GMT by Kenneth Fisher
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CHF: Getting bid up due to safe haven status
The prior 6-month weakness of the Swiss franc against G-10 currencies has seen a short-term bullish reversal due to safe haven demand. Ongoing political uncertainty arising from the upcoming French legislative elections reinforced the ongoing CHF strength which led to three consecutive weekly losses on the EUR/CHF cross pair. A surprise dovish stance from the SNB monetary policy decision out on Thursday, 20 June may put a short-term halt to the ongoing CHF strength. EUR/CHF short-term downtrend
19-06-2024 10:40 GMT by Kelvin Wong
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USD/CHF – Flat ahead of SNB rate decision
The Swiss franc is almost unchanged on Wednesday. USD/CHF is trading at 0.8838 in the North American session, down 0.04% on the day. Will the Swiss National Bank cut rates again? Switzerland’s central bank will announce its rate decision on Thursday and the markets are on edge.
19-06-2024 09:40 GMT by Kenneth Fisher
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UK Inflation Back at 2% but Services Inflation Remains a Concern, GBP/USD Rises
UK Inflation Rate: UK Inflation Rate YoY reaches 2% yet services inflation poses a challenge. UK Core Inflation Rate YoY 3.5% down from a previous print of 3.9%. GBP/USD rises as 1.2750 resistance area beckons. The Bank of England (BoE) will likely have mixed feelings this morning following the release of the May inflation report. Inflation has hit the Central Bank's 2% target for the first time in nearly 3 years but the gap between goods and services inflation is a concern.  For all market-m
19-06-2024 04:29 GMT by Zain Vawda
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GBP/USD eyes UK inflation
The British pound has edged lower on Tuesday. GBP/USD is trading at 1.2683 in the European session at the time of writing, down 0.16% on the day.
18-06-2024 07:09 GMT by Kenneth Fisher
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Euro steadies after market jitters subside
The euro is steady on Monday. EUR/USD is trading at 1.0714 in the North American session, up 0.10% on the day. French election triggers market turmoil France’s financial markets took a tumble late last week, as investors are nervous about the snap parliamentary election at the end of June.
17-06-2024 10:53 GMT by Kenneth Fisher
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Gold Price Outlook: Bears Take Early Control as US Dollar Index (DXY) Rises
Gold surrendered Friday's gains as a retest of $2300 gains momentum.  US dollar index (DXY) rises but faces stern resistance at 105.63. Geopolitics remains on the back burner for now, but risks remain. Fundamental Overview and Week Ahead Gold prices began the week on the backfoot, with a slight gap to the downside at the open.
17-06-2024 06:08 GMT by Zain Vawda
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