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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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SPX 500: Fed dovish pivot narrative is at risk
Higher oil prices have led to higher inflationary expectations in the US via the breakeven rates. Recent rise in inflationary expectations coupled with recent “less dovish” Fed Speak from Fed officials Kashkari, and Bostic has revived the “higher for longer” interest rates environment. Higher commodities prices led by oil may see an uptick in US CPI data.
08-04-2024 04:13 GMT by Kelvin Wong
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Japanese yen jumpy ahead of US payrolls
The Japanese yen showed a bit of strength earlier but has pared these gains. In the European session, USD/JPY is trading at 151.41, up 0.04% All eyes on US nonfarm payrolls The markets are bracing for a sharp drop in US nonfarm payrolls for March.
05-04-2024 06:41 GMT by Kenneth Fisher
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Canadian dollar edges lower ahead of Cdn., US job reports
The Canadian dollar is slightly lower on Friday. In the European session, USD/CAD is trading at 1.3559, up 0.12%. Canada and the US will both release employment data later today, which could mean some volatility from USD/CAD in the North American session. Employment in Canada is expected to drop to 25,000 in March, a significant decline from the February gain of 40,700.
05-04-2024 05:39 GMT by Kenneth Fisher
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Aussie rally continues as services PMI rises
The Australian dollar continues to power ahead and has posted strong gains for a third straight day. In the North American session, AUD/USD is trading at 0.6614, up 0.75%. Australian Services PMI shows faster expansion The driver behind the Aussie’s sharp gains today was the Services PMI report, which improved to 54.4 in March.
04-04-2024 10:31 GMT by Kenneth Fisher
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Australian Central Bank Meeting Removes Rate Hike Option - Minutes
The Reserve Bank of Australia minutes of the March meeting indicated that there was no mention of raising interest rates. This points to a less hawkish stance but the Australian dollar is unchanged following the release of the minutes. Reserve Bank drops reference to rate hike The RBA maintained the cash rate at 4.35% at the March 19th meeting.
02-04-2024 10:03 GMT by Kenneth Fisher
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Australian dollar eyes RBA minutes
The Australian dollar has started the trading week with considerable losses. In the North American session, AUD/USD is trading at 0.6482, down 0.50%. Will RBA minutes provide any insights on rate path? Investors are eagerly awaiting the minutes from the Reserve Bank of Australia’s meeting last month.
01-04-2024 12:59 GMT by Kenneth Fisher
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Japanese yen yawns after mixed business confidence report
The Japanese yen is coming off a quiet week and is showing little movement on Monday. In the European session, USD/JPY is trading at 151.38, up 0.03%. Business confidence among major manufacturers falls The Bank of Japan’s Tankan business confidence survey was a mix and the yen showed a muted response.
01-04-2024 07:46 GMT by Kenneth Fisher
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EUR/USD falls to five-week low
The euro has edged lower on Friday. In the European session, EUR/USD is trading at 1.0782, down 0.05%. It has been a bumpy road for the euro in 2024, as the currency has declined 2.3% so far this year.
29-03-2024 07:15 GMT by Kenneth Fisher
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Japanese yen steady as Tokyo Core CPI ticks lower
The Japanese yen continues to have a quiet week and is unchanged in the European session at 151.17. Tokyo Core CPI inches lower to 2.4% Tokyo Core CPI, which excludes fresh food, eased to 2.4% y/y in March, a drop lower than the 2.5% gain in February and matching expectations. This inflation indicator is closely watched as it is considered a leading indicator of nationwide inflation.
29-03-2024 06:01 GMT by Kenneth Fisher
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USD/CAD edges lower on strong Canadian GDP
The Canadian dollar is slightly higher on Thursday. USD/CAD is trading at 1.3537 in the North American session, down 0.23%. Canada’s GDP rebounds with 0.6% gain Canada’s GDP bounced back with a strong gain of 0.6% m/m in January, after a 0.1% in December.
28-03-2024 14:02 GMT by Kenneth Fisher
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Australian dollar slides after weak retail sales report
The Australian dollar is down sharply and has fallen to a three-week low. In the European session, AUD/USD is trading at 0.6491, down 0.66%. Australia’s retail sales rise 0.3% Australia’s retail sales slipped in February to 0.3% m/m, a sharp drop from the 1.1% gain in January and shy of the market forecast of 0.4%.
28-03-2024 06:50 GMT by Kenneth Fisher
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Aussie yawns after inflation remains unchanged at 3.4%
The Australian dollar continues to drift. In the European session, AUD/USD is trading at 0.6529, down 0.06%. Australian CPI softer than expected Australia’s inflation rate stayed steady at 3.4% y/y in February, unchanged for a third straight month.
27-03-2024 11:22 GMT by Kenneth Fisher
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USD/JPY slides to lowest level since 1990
The Japanese yen has edged higher on Wednesday. In the European session, USD/JPY is trading at 151.17, down 0.26%. Yen falls to 34-year low, will Tokyo intervene? The Bank of Japan raised interest rates last week for the first time since 2007.
27-03-2024 07:18 GMT by Kenneth Fisher
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USD/JPY shrugs after BoJ core inflation dips
The Japanese yen continues to have a quiet week. In the North American session, USD/JPY is trading at 151.36, down 0.03%. BoJ core inflation eases to 2.3% Bank of Japan core inflation fell to 2.3% in February, down from 2.6% in January and shy of the market estimate of 2.5%.
26-03-2024 11:26 GMT by Kenneth Fisher
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