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.

Market Insights Podcast - US CPI , Fed Speak from Powell, China retail sales and industrial production looms

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, after a slew of Fed Speak from officials Bowman, Daly, Bostic, Collins, Kashkari, and Barkin last week that erred towards a "higher-for-longer" approach in terms of the direction of the Fed funds rate; for this week, market participants will hear from the helm of the Fed, Chair Powell's view via his public speeches on Tuesday (14 May).

13-05-2024 20:36 GMT by Kelvin Wong

Japanese yen under pressure, BoJ trims bond purchases

The Japanese yen has edged lower on Monday. USD/JPY is up 0.26% on the day and is trading at 156.17 at the time of writing.

13-05-2024 11:25 GMT by Kenneth Fisher

GBP/USD higher with eye on employment report

The British pound is slightly higher on Monday. GBP/USD is up 0.20%, trading at 1.2549 in the European session at the time of writing. UK job growth expected to slide The UK labor market has held up well despite high interest rates but cracks have appeared and Tuesday’s job report is expected to be soft.

13-05-2024 08:04 GMT by Kenneth Fisher

NZ dollar edges lower as inflation expectations fall

The New Zealand dollar has edged lower on Monday. NZD/USD is down 0.17% on the day, trading at 0.6009 in the European session at the time of writing. NZ inflation expectations ease to 2.3% New Zealand’s inflation expectations fell to 2.3% in the second quarter, its lowest point since Q3 2021.

13-05-2024 05:04 GMT by Kenneth Fisher

NZ dollar dips as Manufacturing PMI contracts

The New Zealand dollar is lower on Friday. NZD/USD is down 0.31% on the day, trading at 0.6015 in the European session at the time of writing. New Zealand manufacturing has been in a prolonged slump and the April Manufacturing PMI remained in contraction, with a reading of 48.9, up from 47.1 in March.

10-05-2024 08:24 GMT by Kenneth Fisher

Hang Seng Index: Oversold-led positive animal spirits overshadowed currency war risk

The Hang Seng Index has transformed into a medium-term uptrend phase with key support at 17,110. Momentum factor is now taking a front seat over fundamentals such as the deflationary risk spiral. A softer than-expected China CPI and PPI prints for April may further erode consumer confidence. A yuan devaluation cannot be ruled out to offset weak domestic demand via a boost in export growth that can spark a currency war. This is a follow-up analysis of our prior report, “Hang Seng Index: Potentia

10-05-2024 05:37 GMT by Kelvin Wong

Canadian dollar quiet ahead of jobs data

The Canadian dollar is almost unchanged on Friday. USD/CAD is up 0.03%, trading at 1.3680 in the European session at the time of writing. Canada’s job growth expected to rebound Canada releases the April employment report later today.

10-05-2024 05:25 GMT by Kenneth Fisher

British pound listless despite strong GDP

The British pound is drifting on Friday. GBP/USD is up 0.05%, trading at 1.2531 in the European session at the time of writing. UK GDP rises 0.6% The British economy grew by 0.6% q/q in the first quarter, higher than the market estimate of 0.4% and above the Q4 2023 decline of 0.3%.

10-05-2024 04:18 GMT by Kenneth Fisher

Pound shows little reaction as BoE holds rates

The British pound is showing limited movement on Thursday. GBP/USD is up 0.15%, trading at 1.2515 in the North American session at the time of writing. Bank of England maintains rate at 5.25% The Bank of England kept the cash rate unchanged at 5.25% for a sixth straight time in a widely expected move.

09-05-2024 11:35 GMT by Kenneth Fisher

NZ dollar rises ahead of Manufacturing PMI

The New Zealand dollar has made gains on Thursday. NZD/USD is up 0.33% on the day, trading at 0.6024 in the North American session at the time of writing. New Zealand manufacturing has been in the doldrums and the April manufacturing PMI, which will be released on Friday, is expected to show contraction, with a forecast of 48.5.

09-05-2024 10:52 GMT by Kenneth Fisher

Japanese yen lower after BoJ minutes

The Japanese yen has posted a three-day slide and is in negative territory on Thursday. USD/JPY has risen 0.26% on the day and is trading at 155.93 at the time of writing. Is the BoJ turning hawkish? The Bank of Japan released its Summary of Opinions from its April 26th meeting earlier today.

09-05-2024 07:12 GMT by Kenneth Fisher

Euro drifting after weak German data

The euro continues to have an uneventful week. EUR/USD is up down 0.06%, trading at 1.0748 in the North American session at the time of trading. German industrial production declines It has been a mixed week for German data.

08-05-2024 11:42 GMT by Kenneth Fisher

Canadian dollar slips despite strong Ivey PMI

USD/CAD has edged higher on Wednesday and is up 0.25%, trading at 1.3760 at the time of writing. Canada’s Ivey PMI climbed sharply in April to 63.0, up from 57.5 in March and beating the forecast of 58.1. This marked the highest level since May 2022, indicating that purchasing managers have seen an improvement in business activity.

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

USD/JPY – Yen weakness prompts warning from Tokyo

The Japanese yen is down for a third straight day and has declined 1.5% this week. USD/JPY has risen 0.43% on the day and is trading at 155.35 at the time of writing.

08-05-2024 06:41 GMT by Kenneth Fisher

Yen extends losses, Fed members cautious

The Japanese yen is down for a second straight day on Tuesday. USD/JPY has risen 0.45%, up 154.59, up 0.45% at the time of writing.

07-05-2024 08:46 GMT by Kenneth Fisher

Australian dollar weakens as RBA says no rate hikes planned

The Australian dollar has lost ground on Tuesday. AUD/USD has dropped by 0.31%, trading at 0.6604 in the European session at the time of writing. RBA stays pat but wary of inflation There was no surprise as the Reserve Bank of Australia maintained the cash rate at 4.35% for a sixth straight time.

07-05-2024 08:10 GMT by Kenneth Fisher

Pound shrugs as construction PMI jumps

The British pound is slightly lower on Tuesday. GBP/USD is down 0.21%, trading at 1.2535 in the European session at the time of writing. The UK construction PMI jumped to 53.0 in April, up from 50.2 in March and above the forecast of 50.4.

07-05-2024 04:59 GMT by Kenneth Fisher

AUD/NZD: Aussie medium-term outperformance against Kiwi intact supported by RBA

Today’s RBA monetary policy decision statement has kept the possibility of a rate hike before 2024 ends “alive”. The narrowing of the discount between Australia-New Zealand sovereign bonds yield spread has supported the potential continuation of the AUD/NZD medium-term uptrend phase. Watch the key medium-term support of 1.0940 on the AUD/NZD. The paths of inflationary trends between the two Antipodean countries have started to diverge in the past month.

07-05-2024 03:42 GMT by Kelvin Wong

Market Insights Podcast - BOE, RBA, China trade and inflation data 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, two central banks' monetary policy to ponder on ex-post "not so hawkish" FOMC last week engineered by Fed Chair Powell's press conference.

06-05-2024 21:08 GMT by Kelvin Wong

Yen rally fizzles as US dollar climbs

The Japanese yen is sharply lower on Monday after stringing together a three-day rally. USD/JPY is trading at 153.92, up 0.62% at the time of writing. The yen took traders on a roller-coaster ride last week. The Japanese yen fell below the 160 level on Monday, setting another 34-year record before recovering.

06-05-2024 11:29 GMT by Kenneth Fisher

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