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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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AUD/NZD Technical: Squeezed up towards key 1.0700 resistance ex-post RBNZ
New Zealand central bank, RBNZ maintained its OCR at 5.50% but surprised markets with lower OCR forecasts for 2024 and 2025. A less hawkish RBNZ has triggered a sell-off in the Kiwi (-1% intraday against the USD), the worst-performing currency among the majors. The current weak outlier movement of the NZD has triggered a potential short-term bearish mean reversion scenario for the AUD/NZD cross pair. Watch the 1.0700 key short-term resistance on AUD/NZD.
28-02-2024 00:01 GMT by Kelvin Wong
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RBNZ Preview - Technical Analysis for NZD/USD
Talking Points Reserve Bank of New Zealand - Official Cash Rate Daily Chart Technical Analysis 1 - Hour Chart Technical Analysis Reserve Bank of New Zealand - OCR The RBNZ interest rate decision, monetary policy statement, and press conference are scheduled for tonight; the official cash rate in New Zealand is 5.50%, and according to Westpac as well as a few banks, RBNZ is expected to hold rates at their current level in line with the FED and other major central banks globally.
27-02-2024 14:47 GMT by Moheb Hanna
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New Zealand dollar calm ahead of RBNZ rate decision
The New Zealand dollar is trading quietly on Tuesday. In the European session, NZD/USD is trading at 0.6165, down 0.12%. Reserve Bank expected to hold rates at 5.50% All eyes are on the Reserve Bank of New Zealand, which will set the cash rate on Wednesday.
27-02-2024 11:44 GMT by Kenneth Fisher
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GBP/USD yawns as UK shop inflation declines
UK shop inflation falls to 2.5% The British pound is drifting on Tuesday. In the European session, GBP/USD is trading at 1.2683, down 0.03%. Shop price, food inflation heads lower UK shop inflation doesn’t usually make headlines but today’s release was further evidence that inflation is on a downward trend.
27-02-2024 06:52 GMT by Kenneth Fisher
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Market Insights Podcast - China PMI, Japan CPI, US PCE and RBNZ on the radar
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events, notably the US Federal Reserve preferred data on inflationary trends in the US, the core PCE. The consensus is expected another soft print of 2.4% y/y in January versus 2.6% y/y in December 2023, an inline core PCE with the consensus is likely to be much preferred by stock market bulls as to keep the Fed's dovish pivot "alive".
26-02-2024 20:33 GMT by Kelvin Wong
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USD/JPY: All eyes on Japan's core-core inflation tomorrow
Japan’s core-core CPI for January 2024 is expected to come in soft at 3.2% y/y versus 3.7% y/y in December 2023. Leading economic indicators, Japan’s Consumer Confidence, and Average Cash Earnings of employees suggest a more potentially upbeat core-core inflation rate for January 2024. Watch the 150.70 key short-term resistance of USD/JPY with near-term support at 149.60. This is a follow-up analysis of our prior report, “USD/JPY: Lingering below 151.40/95 major resistance zone” published on 15
26-02-2024 02:01 GMT by Kelvin Wong
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New Zealand dollar edges lower after soft retail sales
The New Zealand dollar has been on a roll but is in danger of snapping a seven-day rally during which it gained over 2% against the US dollar. NZD/USD is trading in the European session at 0.6185, down 0.16%. New Zealand retail sales decline by 1.9% Another retail sales report, another decline.
23-02-2024 06:22 GMT by Kenneth Fisher
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EUR/USD - A bullish breakout or just further consolidation?
Eurozone sees marginal improvement in surveys US services cool in February EURUSD breaks through descending channel The PMI surveys have certainly made it an eventful day in the markets, albeit one that doesn't necessarily provide more clarity on interest rate movements in the coming months. The eurozone PMIs displayed some improvement on the services side, with the survey moving out of contraction territory for the first time in six months. Manufacturing on the other hand reversed some of the
22-02-2024 17:33 GMT by Craig Erlam
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USD/CAD drifting ahead of FOMC minutes
The Canadian dollar is trading quietly on Wednesday. In the North American session, USD/CAD is trading at 1.3517, down 0.07%. FOMC minutes loom Investors are anxiously awaiting the release of the minutes of the Fed’s January meeting later today, hoping for some insights about the Fed’s future interest rate path.
21-02-2024 12:25 GMT by Kenneth Fisher
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Australian dollar pares gains after strong wage growth
The Australian dollar continues to climb and has put together a five-day winning streak. The Aussie rose as much as 0.36% earlier but has pared most of these gains and is currently trading at 0.6552 in the European session, up 0.05%. Wage Price Index climbs 4.2% in Q4 Australia’s wage price index (WPI) rose 4.2% y/y in the fourth quarter, up from a revised 4.1% gain in the third quarter and above the market estimate of 4.1%.
21-02-2024 06:45 GMT by Kenneth Fisher
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GBP/USD climbs after Bailey’s dovish comments
The British pound is higher on Tuesday. In the North American session, GBP/USD is trading at 1.2650, up 0.43%. Is Bailey turning dovish? With little else on the calendar today, Bank of England Governor Andrew Bailey is front and center.
20-02-2024 11:17 GMT by Kenneth Fisher
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Australian dollar shrugs after RBA minutes, China rate cut
The Australian dollar continues to rally and has extended its gains for a fifth successive day. In the European session, AUD/USD is trading at 0.6550, up 0.19%. Minutes: RBA considered raising rates The minutes of the RBA’s February meeting were released earlier today.
20-02-2024 06:23 GMT by Kenneth Fisher
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USD/CAD - A quiet start to the week but plenty to come
Canadia inflation expected to have fallen again in January Will the FOMC minutes shed any light on rate cuts? USDCAD higher but momentum remains weak It's no surprise that it's been a quiet start to the week, with both countries observing a bank holiday but several events on the horizon should ensure things pick up. Canadian inflation data on Tuesday is the first of those, with the headline rate expected to have eased slightly in January. While not nearly enough to make the next Bank of Canada
20-02-2024 01:18 GMT by Craig Erlam
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AUD/USD Technical: Bulls have failed to break above the 0.6570 resistance
Recent China’s stimulus policies have failed to provide a positive feedback loop for AUD/USD bulls. The recent movement of the AUD/USD seems to be more driven by the fixed income yield spread between the 2-year US Treasury note and the Australian government bond. The pushback in expectations of the first Fed funds rate cut has put downside pressure on the 2-year negative yield spread between the Australian government bond and the US Treasury note. Watch the 0.6570 key short-term resistance for t
20-02-2024 00:56 GMT by Kelvin Wong
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Market Insights Podcast - FOMC minutes, flash PMI from Japan, Eurozone & UK are the key focus
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events, notably on the release of the FOMC minutes of the recent January Fed's monetary policy meeting where market participants will be scrutinizing the thoughts and comments of Fed official on the views of US inflationary pressure trajectory given the hotter than expected CPI and PPI prints for January. Meanwhile, China stock market is backed after a 5-day Lunar New Year break, and the Nikkei
19-02-2024 20:48 GMT by Kelvin Wong
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New Zealand dollar rises on strong services data
The New Zealand dollar continues to gain ground and has extended its gains for a fourth straight day. In the North American session, NZD/USD is trading at 0.6149, up 0.44%. Services PMI hits 8-month high New Zealand’s BusinessNZ Performance of Services Index improved to 52.1 in January from 48.8 in December, above the forecast of 49.6.
19-02-2024 14:40 GMT by Kenneth Fisher
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