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.

Silver Price Outlook: Will Strong Demand and Tight Supply Keep Prices Shining?

Silver prices have risen due to a supply and demand gap, with demand outstripping supply for the fifth consecutive year. Industrial demand, driven by green energy, AI, and EVs, now accounts for 64% of global silver demand. A potential slowdown in China's economy and prolonged high interest rates could dampen silver prices. Bullish Pennant pattern breakout hints at further upside. Will inflation data halt the move?

10-07-2024 11:20 GMT by Zain Vawda

New Zealand dollar takes a tumble after RBNZ’s dovish tone

The New Zealand dollar is sharply lower on Wednesday. NZD/USD is trading at 0.6081 in the European session, down 0.72% on the day at the time of writing. RBNZ’s dovish tone raises rate cut expectations The Reserve Bank of New Zealand held the cash rate at 5.50% at today’s meeting, the eight consecutive time it has maintained rates.

10-07-2024 08:10 GMT by Kenneth Fisher

AUD/NZD: Kiwi torpedoed by a surprise dovish tilt from RBNZ

The Kiwi is the worst intraday performer among the major currencies as it slumped to a 4-week low against the US dollar. A dovish tilt in the latest RBNZ monetary policy statement has triggered a narrowing of the yield discount between the 2-year Australian and New Zealand government bonds. AUD/NZD has staged a medium-term bullish breakout above 1.1000 key support.

10-07-2024 08:04 GMT by Kelvin Wong

Euro shrugs as investor confidence tumbles

The euro is showing little movement on Tuesday. EUR/USD is trading at 1.0819, up 0.05% on the day. The eurozone Sentix Investor Confidence index resumed its losing ways on Monday.

09-07-2024 10:16 GMT by Kenneth Fisher

NZD edges lower ahead of RBNZ decision

The New Zealand dollar is steady on Tuesday. NZD/USD is trading at 0.6115, down 0.16% in the European session at the time of writing.

09-07-2024 08:47 GMT by Kenneth Fisher

Market Insights Podcast - Impact of a hung French parliament, US and China inflation data looms ahead

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, we kickstarted with a discussion on the recent two key developed nations' political events; the UK snap general election and second round of the France legislation elections. The past week of "horse trading" between French President Macron's centrist alliance and the far-left coalition New Popular Front has prevented the initial leading far-right National Rally party from obtai

09-07-2024 00:26 GMT by Kelvin Wong

Aussie dollar calm ahead of confidence reports

The Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6637 in the North American session, down 0.15% on the day.

08-07-2024 12:24 GMT by Kenneth Fisher

EUR/USD gains ground despite French election shocker

The euro has started the week with gains and is trading at 1.0836 in the European session, up 0.33% on the day. EUR/USD is coming off its best week of the year, gaining 1.19%. France veers to the left in Round 2 France has been on a political roller over the past two weeks and the wild ride isn’t over yet.

08-07-2024 08:13 GMT by Kenneth Fisher

USD/JPY: Soft US data offers a potential relief rally for JPY

Lacklustre US non-farm payrolls & ISM Services PMI for June has led to a further drop in US Treasury yields. Both the 2-year and 10-year US Treasuries/JGBs yield premiums have shrunk to a 5-month low. A lower positive carry using JPY as a funded currency and elevated net short positioning in JPY futures may put a temporary halt to JPY’s persistent weakness. Watch the 162.40 intermediate resistance on the USD/JPY. This is a follow-up analysis of our prior report, “USD/JPY: Verbal intervention i

08-07-2024 07:47 GMT by Kelvin Wong

GBP/USD Price Outlook: Cable Holds the High Ground, Multi-Month Resistance Up Ahead

GBP/USD is facing a key multi-month resistance level at 1.2850 after a positive run. The outcome of US inflation data and Fed Chair Powell's testimony could significantly impact the GBP/USD exchange rate. A break above 1.2850 might require a catalyst, like a substantial drop in US inflation, while support levels are identified at 1.2750 and below. Most Read: The Week Ahead – Will US Inflation Data Derail Market Optimism? GBP/USD opened slightly lower last night due to the unexpected results fro

08-07-2024 05:18 GMT by Zain Vawda

The Week Ahead - Will US Inflation Data Derail Market Optimism?

Soft US economic data, including lower-than-expected job growth, has increased market expectations for a September rate cut. The week ahead features important data releases, including US inflation figures and Chinese inflation data. US Inflation holds the key to a September rate cut.

05-07-2024 14:23 GMT by Zain Vawda

USD/CAD steady as job growth falls in Canada, US

The Canadian dollar is showing little movement on Friday. In the North American session, USD/CAD is trading at 1.3618, up 0.05% on the day. Canada and the US released employment data today and surprisingly, the Canadian dollar has showed almost no reaction. Canada’s labor market contracted in June, with a decrease of 1.4 thousand.

05-07-2024 09:41 GMT by Kenneth Fisher

EUR/USD Advances, DXY Eyes Trendline Break - Jobs Data Up Next

EUR/USD rises above 1.0800 due to weak US economic data and a weaker USD. Market anticipates a 71.6% chance of a rate cut in September. DXY is at a psychological support level ahead of US jobs data release. Most Read: UK Election 2024: Impact Analysis on GBP and FTSE 100 EUR/USD continued its upward momentum on US Independence Day, capitalizing on a weaker USD and low market liquidity to rise above the 1.0800 level. A series of weak US economic data this week has increased expectations for rat

05-07-2024 03:11 GMT by Zain Vawda

Euro extends gains with eye on French election

The euro has posted gains on Thursday and is trading at 1.0812 in the European session, up 0.26% on the day. It has been a good week for EUR/USD, which has gained 0.95% and hit a three-week high on Wednesday. Will Le Pen snag a majority? France heads for the polls on Sunday for the second round of parliamentary elections.

04-07-2024 11:48 GMT by Kenneth Fisher

USD/JPY dips after US services data stumbles

The Japanese yen has rebounded on Thursday and is trading at 161.01, down 0.43% on the day. The yen has been on a slide over the past four weeks and has declined by 3.9% during that time.

04-07-2024 08:47 GMT by Kenneth Fisher

USD/CHF back at key confluence area- Fed Minutes and Swiss Inflation up next

USD/CHF is currently at a key confluence zone near 0.9000, facing obstacles for further decline. The rate differential between SNB and FED will likely have an impact on USD/CHF moving forward. Price action and technicals suggest a potential bullish reaction, with a push towards 0.9100 possible.

03-07-2024 14:08 GMT by Zain Vawda

USD/JPY edges higher, FOMC minutes next

The Japanese yen continues to lose ground. On Tuesday, the USD/JPY is trading at 161.66 in the North American session, up 0.16% on the day. On the data calendar, there are no Japanese events today.

03-07-2024 10:21 GMT by Kenneth Fisher

UK Election 2024: Impact Analysis on GBP and FTSE 100

The UK election has had a surprisingly muted impact on the market, likely due to the focus on monetary policy. Polling suggests a comfortable Labour victory, but any surprises could trigger volatility in the GBP and FTSE 100.

03-07-2024 07:45 GMT by Zain Vawda

AUD/USD shrugs as Australian retail sales jump

The Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6674 in the European session, up 0.11% on the day. Australian retail sales climb 0.6% Australian consumers have been counting their pennies and reducing discretionary spending.

03-07-2024 05:55 GMT by Kenneth Fisher

USD/CAD stalls after Canadian PMI data and Fed Chair Powell's remarks. Where to next?

USD/CAD is rangebound, frustrating traders, thanks to a host of factors from rate differentials to rising oil prices. Canadian PMI data has been softer than expected, with decreased output, new orders, and employment. Stronger oil prices have kept the Canadian dollar supported of late.

02-07-2024 13:05 GMT by Zain Vawda

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