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.

Canadian dollar eyes Canadian GDP

The Canadian dollar is showing little movement on Friday, but that could change with the release of Canadian GDP and the US PCE Price index later today. USD/CAD is trading at 1.3660 in the European session, down 0.15% on the day. Canada’s economy expected to have flatlined in March Canada’s economy is expected to have remained unchanged in March, after a weak gain in February of just 0.2% m/m, which was less than expected.

31-05-2024 04:33 GMT by Kenneth Fisher

USD/JPY: JPY cross pairs may get smacked down by higher JGB yields

A further rise in the JGB yields may increase the cost of JPY-funded carry trade strategies. The pace of the JGB yield upmove has increased significantly since March-end. A lower-end offered amount of 425 billion yen for BOJ’s scheduled bond-buying programme on 31 May for JGBs with residual maturity of 5 to 10 years may see a further rally in JGB yields. Watch the key short-term resistance of 158.30 on the USD/JPY. This is a follow-up analysis of our prior report, “USD/JPY: JPY weakness is back

30-05-2024 13:34 GMT by Kelvin Wong

EUR/USD climbs after US GDP, eurozone CPI next

The euro is in positive territory on Thursday. EUR/USD is trading at 1.0840 in the North American session, up 0.37% on the day. Eurozone inflation expected to tick higher to 2.5% The week wraps up with eurozone inflation on Friday.

30-05-2024 11:46 GMT by Kenneth Fisher

Swiss franc jumps as Swiss GDP improves

The Swiss franc has posted strong gains on Thursday after Switzerland’s GDP was hotter than expected. USD/CHF is down 0.83% on the day and is trading at 0.9056 early in the North American session.

30-05-2024 08:51 GMT by Kenneth Fisher

Euro edges lower as German inflation accelerates

The euro is quiet on Wednesday. EUR/USD is trading at 1.0840 in the North American session, down 0.14% on the day. German inflation rises to 2.4% Germany’s inflation rate rose to 2.4% y/y in May, following a 2.2% gain in each of the past two months.

29-05-2024 10:21 GMT by Kenneth Fisher

AUD/USD yawns as CPI higher than expected

The Australian dollar is showing limited movement on Wednesday. AUD/USD is trading at 0.6647 in the European session, down 0.02% on the day at the time of writing. What will it take to shake up the Australian dollar?

29-05-2024 05:49 GMT by Kenneth Fisher

AUD/USD rises after retail sales tick higher

The Australian dollar has edged higher on Tuesday. AUD/USD is trading at 0.6667, up 0.25% on the day at the time of writing. Australia’s retail sales rise 0.1%, CPI next Australian consumers remain frugal and cautious, as retail sales rose just 0.1% m/m April.

28-05-2024 10:08 GMT by Kenneth Fisher

USD/JPY shrugs as Japan’s inflation data a mix

The Japanese yen continues to drift and is showing little movement on Tuesday. USD/JPY is trading at 156.92, up 0.01% on the day at the time of writing. Corporate service prices jumps, BoJ core CPI dips Japanese inflation indicators have been a mix this week.

28-05-2024 05:34 GMT by Kenneth Fisher

Market Insights Podcast - Eurozone inflation, US PCE, Tokyo CPI & China PMI are the key focus for this week

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, Asian stock markets started the week with a bright spark as more stimulus measures are enacted out from China.

27-05-2024 21:45 GMT by Kelvin Wong

EUR/CHF Technical: Potential bullish impulsive moves resume

The potential upcoming interest cut on 6 June from the ECB is likely to have been fully priced in by the markets. The forward guidance by ECB officials on the timing of subsequent rate cuts is murky and the consensus forecasts for the current Eurozone core inflation deceleration trend may have plateaued in May. These factors are likely to support a further potential widening of the premium seen in the Eurozone/Switzerland 2-year sovereign bond yield spread. Watch the key medium-term support of 0

27-05-2024 12:01 GMT by Kelvin Wong

EUR/USD steady as German Business Climate unchanged

The euro is drifting on Monday. EUR/USD is down 0.05%, trading at 1.0849 in the North American session at the time of writing.

27-05-2024 10:48 GMT by Kenneth Fisher

USD/JPY steady as BoJ’s Ueda urges caution

The Japanese yen has been drifting since late last week and is calm on Monday. USD/JPY is trading at 156.85, down 0.09% on the day at the time of writing. Ueda: BoJ will proceed with caution The Bank of Japan has been outlier, as it looks to raise interest rates at a time when other major central banks are aiming to cut rates as inflation falls.

27-05-2024 07:06 GMT by Kenneth Fisher

GBP/USD steady despite plunge in retail sales

The British pound continues to have a quiet week in which it has stayed close to the 1.27 line. GBP/USD is trading at 1.2715, up 0.13% at the time of writing in the European session. UK retail sales tumbles 2.3% UK retail spending slumped in April with a 2.3% m/m decline.

24-05-2024 08:21 GMT by Kenneth Fisher

USD/JPY: JPY weakness is back in vogue at least for the short-term

The 10-year JGB yield has continued to push higher to 1% together with 3-month and 6-month overnight indexed swap (OIS) rates in Japan at 0.12% to 0.17% The JPY has failed to strengthen despite the bullish movements in JGB yields and OIS rates. Broad-based US dollar strength and the deceleration in the lagging core-core CPI inflation trend are the main drivers of short-term JPY weakness. Watch the key short-term support of 155.90 on the USD/JPY. This is a follow-up analysis of our prior report,

24-05-2024 02:17 GMT by Kelvin Wong

USD/JPY steady as Japanese PMIs mixed

The Japanese yen is slightly lower on Thursday. USD/JPY is trading at 156.70, down 0.08% on the day at the time of writing. Japan’s PMIs for April were a mixed bag and the yen didn’t show much reaction.

23-05-2024 09:15 GMT by Kenneth Fisher

New Zealand dollar rises after hot retail sales data

The New Zealand dollar is in positive territory on Thursday. NZD/USD is up 0.38%, trading at 0.6120 in the European session at the time of writing.

23-05-2024 06:03 GMT by Kenneth Fisher

Euro edges lower ahead of FOMC minutes

The euro is slightly lower on Wednesday. EUR/USD is down 0.17%, trading at 1.0836 in the North American session at the time of writing. Will Fed minutes be hawkish? It has been a light data calendar in the US, with no tier-1 events until Thursday.

22-05-2024 11:45 GMT by Kenneth Fisher

GBP/USD shrugs as UK inflation higher than expected

The British pound edged higher earlier today but has pared most of those gains. GBP/USD is trading at 1.2703, up 0.06% early in the North American session. UK inflation declines less than expected UK inflation fell sharply in April, falling to 2.3% y/y.

22-05-2024 08:49 GMT by Kenneth Fisher

New Zealand dollar climbs after hawkish RBNZ announcement

The New Zealand dollar has pushed higher on Wednesday. NZD/USD is up 0.54%, trading at 0.6124 in the European session at the time of writing.

22-05-2024 07:00 GMT by Kenneth Fisher

NZD/USD Overview Ahead of The Reserve Bank of New Zealand Official Cash Rate

Reserve Bank of New Zealand Consumer Price Index New Zealand Dollar traders eagerly anticipate the Reserve Bank of New Zealand’s Official Cash Rate (OCR), a critical event that can significantly impact the market. Over the past two years, inflation in New Zealand has mirrored global trends.

21-05-2024 20:28 GMT by Moheb Hanna

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