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.

A dovish Fed guidance may not reverse the rout in China and Hong Kong stock markets

China and Hong Kong benchmark stock indices have almost erased last week’s gains. NBS Non-Manufacturing PMI sub-components for January are indicating feeble service activities in China. A weaker US dollar via a dovish forward monetary policy guidance from the Fed is not enough to act as a bullish catalyst for China and Hong stock markets. Technical analysis advocates further potential weakness in the Hang Seng Index in the short to medium term.

31-01-2024 01:24 GMT by Kelvin Wong

EUR/USD Technical Analysis Forecast Ahead of FOMC

This week is loaded with critical economic releases, keeping markets on edge. We have FOMC rate decisions, Nonfarm Payrolls, and inflation numbers, to name a few.

30-01-2024 12:56 GMT by Moheb Hanna

EUR/GBP - Eurozone narrowly avoids recession as UK sees more progress on inflation

Eurozone records zero growth in Q4 UK shop prices rise at a slower pace in January EURGBP rebounds near 2023 lows Economic data confirmed what we already knew earlier today, that the eurozone is not growing and its largest economy - Germany - is on the brink of technical recession. The bloc as a whole could have already been in recession if the data came in as expected but as it turns out that was just avoided, barring any revisions in the coming months.

30-01-2024 12:40 GMT by Craig Erlam

Euro steady despite German GDP decline

The euro has edged higher on Tuesday. In the European session, EUR/USD is trading at 1.0850, up 0.16%. German GDP declines by 0.2% Germany, the largest economy in the eurozone, continues to weigh on the bloc with its weak economy.

30-01-2024 09:44 GMT by Kenneth Fisher

British pound edges lower as shop inflation drops

The British pound is lower on Tuesday. In the European session, GBP/USD is trading at 1.2680, down 0.23%. UK shop inflation decelerates sharply Inflation in UK shops rose 2.9% y/y in January, compared to 4.3% in December.

30-01-2024 07:20 GMT by Kenneth Fisher

Aussie shrugs off soft retail sales, inflation next

The Australian dollar showed little reaction to the release of Australian retail sales earlier today. In the European session, AUD/USD is trading at 0.6600, down o.15%. Australia's retail sales sink in December The markets were braced for a soft December retail sales but the damage was worse than expected.

30-01-2024 05:24 GMT by Kenneth Fisher

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Market Insights Podcast - FOMC, BOE, and US NFP to stand out in this busy week

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this pivotal week's key economic data and events which may trigger higher volatile movements in the global markets due to the anticipation of market participants' dovish expectations on the forward guidance from the Fed and Bank of England due on Wednesday (31 January), and Thursday (1 February). Also, keep a lookout for the potential negative ramifications of China Evergrande Group's liquidation order by a Hong Kong court, a ma

29-01-2024 23:00 GMT by Kelvin Wong

GBP/USD - Consolidation as traders eye BoE and Fed meetings

Fed could signal a March rate cut is on the cards Will the BoE forecasts offer any insight on interest rates? Cable continues to consolidate ahead of central bank meetings This is widely expected to be the year of rate cuts for major central banks after a period of aggressive tightening that will soon get inflation back to target. Going into 2024, traders became incredibly optimistic about how many rate cuts we could see this year.

29-01-2024 13:27 GMT by Craig Erlam

EUR/USD - Drifting lower ahead of a big week for the US

Fed statement and press conference key this week US jobs report eyed, wages in particular EURUSD bearish momentum increases

29-01-2024 12:31 GMT by Craig Erlam

Euro starts week with losses

The euro is lower on Monday. In the North American session, EUR/US is trading at 1.0806, down 0.44%. When will ECB cut rates? There were no surprises from the European Central Bank, which maintained the benchmark rate at 4.0% at last week's meeting.

29-01-2024 12:12 GMT by Kenneth Fisher

AUD/USD eyes retail sales

The Australian dollar is in positive territory on Monday after an uneventful week. In the European session, AUD/USD is trading at 0.6603, up o.41%. Australian retail sales expected to downturn The markets are braced for a soft retail sales report on Tuesday, with December's consensus estimate standing at -1.0%.

29-01-2024 08:26 GMT by Kenneth Fisher

Swiss franc recovering, but will SNB shift policy?

The Swiss franc has edged higher on Monday. In the European session, USD/CHF is trading at 0.8618, down 0.25%. SNB concerned about Swiss franc's surge The Swiss National Bank isn't shy about intervening on the currency markets, as it views intervention as an important tool to keep the Swiss franc competitive for export purposes.

29-01-2024 05:43 GMT by Kenneth Fisher

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Market Insights Podcast - ECB holds, US inflation, Fed

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss today's inflation data from the US, the ECB meeting and next week in the markets.

26-01-2024 18:41 GMT by Craig Erlam

USD/CAD - US spending data boost the greenback

US PCE m/m 0.2%, core PCE m/m 0.2% US spending increases 0.7% in December USDCAD doesn't break double top neckline Inflation, income and spending data for the US was released on Friday and broadly speaking the numbers were in line with expectations, with one outlier. Spending last month increased 0.7%, comfortably exceeding the 0.5% that was expected. It also came on top of the upward revision to the November reading, which increased to 0.4% from 0.2% previously.

26-01-2024 10:09 GMT by Craig Erlam

British pound rises as consumer confidence rises, US inflation falls

The British pound is higher on Friday. In the North American session, GBP/USD is trading at 1.2751, up 0.34%. UK consumer confidence rises The UK consumer remains in a sour mood but the pessimism eased in January.

26-01-2024 09:14 GMT by Kenneth Fisher

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Hedging the Markets - EUR/USD edges lower after "dovish" ECB (video)

OANDA Senior Market Analyst Craig Erlam looks at how EURUSD responded to the ECB announcement and press conference and what markets took from it.

26-01-2024 09:05 GMT by Craig Erlam

Euro edges higher as markets digest ECB pause

The euro is in positive territory on Friday. In the European session, trading at 1.0846 in the European session. ECB maintains interest rates To nobody's surprise, the European Central Bank left its benchmark rate unchanged at 4.0% on Thursday.

26-01-2024 06:37 GMT by Kenneth Fisher

USD/JPY steady after Tokyo Core CPI falls below 2%

The Japanese yen is drifting on Friday. In the European session, USD/JPY is trading at 147.80, up 0.10%. Tokyo Core CPI falls to 1.6% Tokyo Core CPI reached a significant milestone today, falling to 1.6% y/y in January, after a December reading of 2.1%.

26-01-2024 04:09 GMT by Kenneth Fisher

GBP/USD - Is cable topping out as US data outperforms again?

US GDP rises 3.3% (annualized) in Q4 A fairytale outcome for the US economy GBPUSD drifts lower US economic data continues to point to an economy that's doing very well despite the various headwinds including very high interest rates. GDP data for the fourth quarter easily exceeded expectations, rising 3.3% on an annualized basis, adding to the increasing view that the US could be heading for a fairytale scenario, not just a soft landing. We've spoken a lot about resilence in the US economy o

25-01-2024 12:53 GMT by Craig Erlam

EUR/USD - Drifting lower as ECB keeps cards close to its chest

ECB leaves rates on hold Lagarde still eyeing summer rate cut EURUSD consolidating after correction The European Central Bank left interest rates on hold on Thursday and claimed inflation is progressing towards its target while giving no clear guidance on when interest rates will start falling. We came into the new year with markets pricing in a March rate cut and that is now looking increasingly difficult. Even with a late pivot.

25-01-2024 11:41 GMT by Craig Erlam

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