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 edges lower as core inflation slides

The Canadian dollar has edged lower on Tuesday. USD/CAD is up 0.24%, trading at 1.3655 in the North American session at the time of writing. Canada’s inflation rate sinks to 1.6% Canada's headline inflation continued to fall in April, dropping to 2.7% y/y, down from 2.9% in March and matching the market estimate.

21-05-2024 10:06 GMT by Kenneth Fisher

NZD/USD steady ahead of RBNZ rate announcement

The New Zealand dollar is almost unchanged on Tuesday. NZD/USD is down 0.06%, trading at 0.6102 in the European session at the time of writing. RBNZ expected to maintain cash rate The Reserve Bank of New Zealand has shown it can be patient, having held the cash rate at 4.35% for six straight times.

21-05-2024 07:36 GMT by Kenneth Fisher

Australian dollar shrugs after RBA minutes

The Australian dollar edged lower but recovered in the Asian session. AUD/USD is showing little movement in the European session, trading at 0.6660. RBA minutes: members discussed rate hike The minutes of the Reserve Bank of Australia’s meeting earlier this month indicated that members discussed the possibility of a rate hike before deciding to hold the cash rate at 4.35% for a fourth consecutive time.

21-05-2024 04:46 GMT by Kenneth Fisher

Market Insights Podcast - Gold hit another fresh record high, UK and Japan CPI, Fed minutes on the radar for this week

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, at the start of a brand new week, Gold (XAU/USD) maintained its bullish tone and rocketed to a fresh record on Monday, 20 May, printing an intraday high of US$2,450 on the backdrop of a potential uptick in geopolitical risk premium arising in the Middle East due to the death of Iranian President Raisi in a helicopter crash.

20-05-2024 22:05 GMT by Kelvin Wong

USD/JPY higher as Japan’s services slips

The Japanese yen is lower on Monday. USD/JPY is trading at 156.12, up 0.31% in the North American session at the time of writing. Japanese services activity declines Japan’s tertiary industry activity for March, a measure of activity in the services sector, posted its first decline this year.

20-05-2024 09:48 GMT by Kenneth Fisher

USD/JPY: Conflicting factors at play, sideways for now in the short-term

The Japanese Government Bond (JGB) market is now anticipating a potential Q2 recovery in the Japanese economy as the 2-year and 10-year JGB yields have rallied to more than a decade high. The 10-year and 20-year yield premiums of US Treasuries over JGBs have shrunk in the past two weeks which in turn supports a potential bearish reversal in USD/JPY. However, technical analysis suggests an ongoing potential medium-term uptrend in USD/JPY. In the short term, watch these two key levels of 157.00 an

20-05-2024 07:26 GMT by Kelvin Wong

Pound shrugs after BoE’s Broadbent signals rate cut

The British pound is almost unchanged on Monday. GBP/USD is trading at 1.2704 in the European session at the time of writing. The pound is coming off a strong week, with gains of 1.4%.

20-05-2024 07:18 GMT by Kenneth Fisher

Euro edges lower despite positive inflation report

The euro has posted slight losses on Friday. EUR/USD is down 0.28%, trading at 1.0837 in the North American session at the time of writing. Eurozone CPI steady, core CPI falls The April inflation report showed that headline inflation remained steady at 2.4% y/y, holding at its lowest level in almost three years.

17-05-2024 07:44 GMT by Kenneth Fisher

Pound edges lower, markets eye FedSpeak

The British pound is down slightly on Friday. GBP/USD is down 0.14%, trading at 1.2648 in the European session at the time of writing. It has been a good week for the pound, which has gained 1% against the US dollar.

17-05-2024 05:05 GMT by Kenneth Fisher

Australian dollar hits 4-month high

The Australian dollar is lower on Friday. AUD/USD is currently trading at 0.6658 in the European session, down 0.31% on the day. The Aussie touched a high of 0.6714 on Thursday, its highest level since January 10th.

17-05-2024 04:25 GMT by Kenneth Fisher

Euro edges lower after ECB’s financial stability warning

The euro has posted slight losses on Thursday. EUR/USD is down 0.20%, trading at 1.0860 in the North American session at the time of writing. ECB warns of risks to financial stability The ECB’s Financial Stability Review expressed concern that financial stability could be affected by the possibility of “adverse economic and financial surprises”.

16-05-2024 10:09 GMT by Kenneth Fisher

USD/JPY steady as Japanese economy contracts

The Japanese yen climbed as much as 0.85% earlier on Thursday but has pared most of those gains. USD/JPY is trading at 155.38, up 0.31% in the European session. Japan’s economy contracted in the first quarter.

16-05-2024 09:22 GMT by Kenneth Fisher

Australian dollar surges after US inflation ease

The Australian dollar is lower on Thursday after surging 1% a day earlier. AUD/USD is currently trading at 0.6671, down 0.33% on the day. Australian job growth rebounds but unemployment rate rises Australian employment bounced back in April with an increase of 38,500 after a decline of 5,900 in March and higher than the market estimate of 23,700.

16-05-2024 07:52 GMT by Kenneth Fisher

USD/JPY jumps as US inflation drops more than expected

The Japanese yen has posted gains on Wednesday. The yen gained as much as 1% but has given up about half of those losses on the day.

15-05-2024 10:14 GMT by Kenneth Fisher

Euro steady after mixed eurozone data, US CPI next

The euro is drifting on Wednesday. EUR/USD is down 0.04%, trading at 1.0825 in the European session at the time of writing. Eurozone GDP rises, industrial production eases The eurozone economy rebounded in the first quarter.

15-05-2024 07:31 GMT by Kenneth Fisher

EUR/USD - USD/JPY - USD/CAD Technical Analysis Overview ahead of US CPI and Retail Sales

Talking Points US Consumer Price Index - US CPI US Retail Sales EUR/USD Daily Chart - Technical Analysis USD/JPY Daily Chart - Technical Analysis USD/CAD Weekly Chart - Technical Analysis US Consumer Price Index - US CPI The core CPI, which excludes Energy and food products, came in at 3.8% in March, slightly higher than 3.75% in February 2004. The uptick was mainly driven again by a rise in the cost of services.

15-05-2024 06:58 GMT by Moheb Hanna

Australian dollar higher, wage growth dips lower

The Australian dollar has extended its gains on Wednesday. AUD/USD is up 0.24%, trading at 0.6642 in the European session at the time of writing. Has Australia’s wage growth peaked? Australian wages rose less than expected in the first quarter, a sign that inflationary pressures may be easing. The wage price index rose 0.8% q/q in the first quarter, down from a revised 1% in Q4 2023 and below the market estimate of 0.9%.

15-05-2024 06:13 GMT by Kenneth Fisher

AUD/USD gains ground ahead of wage growth

The Australian dollar has posted gains on Tuesday. AUD/USD is up 0.19%, trading at 0.6620 in the North American session at the time of writing. Australian wage growth expected to remain unchanged Australia’s wage growth for the first quarter is expected to remain unchanged.

14-05-2024 10:56 GMT by Kenneth Fisher

EUR/USD steady as German confidence index rises

The euro is drifting on Tuesday. EUR/USD is up 0.07% on Tuesday, trading at 1.0798 in the European session at the time of writing. German inflation steady, confidence higher Germany’s inflation rate remained unchanged in April at 2.2% y/y, matching the market consensus.

14-05-2024 08:16 GMT by Kenneth Fisher

Pound edges lower as UK labor market cools

The British pound has posted slight losses on Tuesday. GBP/USD is down 0.08%, trading at 1.2548 in the European session at the time of writing. UK job growth slides The UK labor market continues to show cracks as job growth was sharply lower in today’s employment report.

14-05-2024 06:37 GMT by Kenneth Fisher

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