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.

NZ dollar slips on soft manufacturing data

The New Zealand dollar is sharply lower on Friday. NZD/USD is down 0.61%, trading at 0.6130 in the European session at the time of writing. New Zealand manufacturing PMI misses estimate New Zealand’s manufacturing sector contracted for a 14th straight month in May.

14-06-2024 07:36 GMT by Kenneth Fisher

German DAX: Torpedoed by rising geopolitical risk premium in Eurozone

The rising power and influence of the EU’s far-right political parties have spooked European financial markets. A poll has indicated prominent French far-right National Rally party is leading by a significant margin over the incumbent President Macron’s party for the upcoming 1st round of the French legislative election on 30 June. The rapidly rising yield spread of the French and German 10-year government yields has triggered a reflexive negative feedback loop into the German DAX.

14-06-2024 07:17 GMT by Kelvin Wong

USD/JPY pares gains as BoJ holds rates

The Japanese yen posted sharp losses earlier but has almost completely recovered. In the European session, USD/JPY is trading at 157.09, up 0.06%.

14-06-2024 06:06 GMT by Kenneth Fisher

GBP/USD dips as UK growth stalls

The British pound has lost ground on Thursday. GBP/USD is trading at 1.2760 in the North American session at the time of writing, down 0.29% on the day. UK economy flatlines in April The UK economy showed no growth in April, which was in line with expectations but below the March reading of 0.4% m/m.

13-06-2024 11:08 GMT by Kenneth Fisher

Aussie shrugs after strong employment data

The Australian dollar has edged lower on Thursday. AUD/USD is trading at 0.6674 in the North American session, up 0.14% on the day.

13-06-2024 08:54 GMT by Kenneth Fisher

Bank of Japan (BoJ) Preview: Potential Cut in Bond Buying to Aid Ailing Yen?

Hawkish FOMC adds further pressure on the BoJ as USD/JPY advances. Speculation builds that the BoJ will announce a more comprehensive cut to its bond buying programme. Fundamental Overview: FOMC Recap and BoJ Outlook The Japanese continued its slide this morning as USD/JPY edged higher toward the 160.00 psychological level. A brief respite yesterday for USD/JPY which was somewhat of a surprise given the outcome of the Federal Reserve (FOMC) meeting.

13-06-2024 08:31 GMT by Zain Vawda

US CPI and FOMC Rate Decision - EUR/USD and USD/JPY Technical Analysis

This week, financial markets are focused on the FOMC interest rate decision, as well as key economic indicators such as CPI and PPI. The Fed's decision comes on the heels of rate cuts by the ECB and BOC, with expectations of a hold on rates in June.

11-06-2024 22:29 GMT by Moheb Hanna

Aussie edges lower as business confidence slips

The Australian dollar has declined by 0.28% on Tuesday. AUD/USD is trading at 0.6600 in the European session, down 0.16% on the day.

11-06-2024 08:50 GMT by Kenneth Fisher

Euro under pressure as Macron calls snap election

The euro is down for a third straight day and has dropped 1.3% since Thursday. EUR/USD is trading at 1.0731 in the European session, down 0.32% on the day.

11-06-2024 07:26 GMT by Kenneth Fisher

GBP/USD shrugs as UK unemployment rises, GDP next

The British pound is drifting on Tuesday. GBP/USD is trading at 1.2720 in the European session at the time of writing, down 0.08% on the day.

11-06-2024 05:08 GMT by Kenneth Fisher

Market Insights Podcast - All eyes on FOMC, Fed new “dot plot” projections, BOJ, US and China inflation data

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, the major key risk event this week will be on Wednesday, 12 June where we have a double dose of US CPI data release for May and US FOMC meeting outcome where the focus will be on the forward guidance of US monetary policy from Fed Chair Powell's press conference and the latest summary of economic projections ("dot plot") release on forecasted inflationary trends and the implied

11-06-2024 01:29 GMT by Kelvin Wong

USD/JPY calm as GDP within expectations

The Japanese yen is calm on Monday. In the North American session, USD/JPY is trading at 156.91, up 0.09% on the day at the time of writing. Japan’s GDP declines Japan’s economy contracted in the first quarter with a weak reading of -1.8% y/y, following a revised 0.4% gain in Q4 2023.

10-06-2024 12:18 GMT by Kenneth Fisher

GBP/USD steady ahead of UK employment data

The British pound has started the week quietly. GBP/USD is trading at 1.2718 in the North American session at the time of writing, down 0.03% on the day. UK job growth expected to shrink The UK releases the May employment report on Tuesday.

10-06-2024 10:46 GMT by Kenneth Fisher

Canadian dollar drops to six-week low after strong US jobs data

The Canadian dollar had a rough week and declined 1% against the US dollar. On Friday, a combination of lukewarm job data out of Canada and a hot US nonfarm payrolls report sent USD/CAD up 0.70%.

10-06-2024 09:04 GMT by Kenneth Fisher

USD/JPY steady despite soft household spending

The Japanese yen is calm on Friday. In the European session, USD/JPY is trading at 155.50, down 0.06% on the day at the time of writing. Japan's household spending slips Japan’s economic activity has been sluggish and household spending, a key driver of economic growth, declined by 1.2% m/m in April.

07-06-2024 06:35 GMT by Kenneth Fisher

Canadian dollar eyes Can., US job data

The Canadian dollar has had a relatively quiet week and has ticked higher on Friday. In the European session, USD/CAD is trading at 1.3683, up 0.10%.

07-06-2024 05:14 GMT by Kenneth Fisher

Euro shrugs as ECB lowers rates to 3.75%

The euro is drifting on Friday. EUR/USD is trading at 1.0892 in the European session, up 0.04% on the day.

07-06-2024 04:06 GMT by Kenneth Fisher

USD/JPY eyes household spending

The Japanese yen is steady on Thursday after showing sharp swings throughout the week. In the North American session, USD/JPY is trading at 156.27, up 0.10% on the day at the time of writing. Japan’s consumers have been holding tight on the purse strings as inflation remains high and economic conditions remain gloomy.

06-06-2024 10:39 GMT by Kenneth Fisher

British pound calm, BoE wage growth expectations fall

The British pound is slightly lower on Thursday. GBP/USD is trading at 1.2771 in the European session at the time of writing, down 0.12% on the day. BoE: Businesses expect lower wage growth The Bank of England released a survey today which showed wage growth expectations for the coming year have fallen sharply.

06-06-2024 07:50 GMT by Kenneth Fisher

EUR/GBP Technical: Hovering at a 21-month low ahead of ECB

The FX market is likely to have fully priced in a 25-bps cut from the ECB today, hence it is likely going to be a non-event. The catalysts that may trigger a significant intraday movement in the FX market are new forward guidance (if any) from ECB President Lagarde and the latest Eurozone inflation trend forecasts. Watch the 0.8540 key short-term resistance on the EUR/GBP.

06-06-2024 07:02 GMT by Kelvin Wong

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