OANDA Group
CFXS
Newsletter
Open hamburger menu

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.

bank-of-canada-boc-loonie-economy.jpg
Canadian dollar gets spanked, BoC holds rates
The Canadian dollar is almost unchanged on Thursday, after sliding 0.8% a day earlier. In the European session, USD/CAD is trading at 1.3569, up 0.04%. BoC holds interest rates There were no surprises from the Bank of Canada, which maintained the cash rate at 5%.
11-04-2024 08:07 GMT by Kenneth Fisher
AdobeStock_359713867_Editorial_Use_Only-1-scaled.jpeg
Euro stabilizes ahead of ECB decision
The euro is steady on Thursday, after sliding over 1% on Wednesday following the hot US inflation report. In the European session, EUR/USD is trading at 1.0745, down 0.03%. ECB widely expected to hold rates The European Central Bank meets later today and is widely expected to hold the deposit rate at 4% for a fifth straight time.
11-04-2024 05:39 GMT by Kenneth Fisher
usdjpy-japanese-yen-jpy-keyboard.jpg
USD/JPY Technical: Rising US Treasury-JGB yield spreads outweigh BoJ’s intervention risk
A firmer March’s US CPI has altered the relative fundamentals narrative between the US & Japan. Reduces the risk of FX intervention from Japanese authorities to prop up a weaker JPY due to the lack of supporting fundamentals. The bullish reversal seen in the 10-year yield spread of the US Treasury over JGB may act as an impetus to support further US dollar strength. Watch the next intermediate resistances of 153.50 & 154.25 on the USD/JPY. This is a follow-up analysis of our prior report,
11-04-2024 05:35 GMT by Kelvin Wong
eurusd-euro-dollar-eur-usd-keyboard-bear.jpg
EUR/USD Outlook Ahead of ECB Main Refinancing Rate and Monetary Policy
Talking Points European Central Bank – ECB US Consumer Price Index – US CPI EUR/USD Technical Analysis - Weekly Chart EUR/USD has been grappling with significant pressure over the past few weeks, caught between the influence of inflation data and the ongoing speculation on the USA and Euro Zone interest rate paths. Since January 1st, 2024, the pair has been trading within a range as high as 1.1000 and as low as 1.0700.
11-04-2024 00:07 GMT by Moheb Hanna
australian-dollar-aussie-flag-3d.jpg
Australian dollar slides on hot US inflation report
The Australian dollar has declined sharply on Wednesday. In the North American session, AUD/USD is trading at 0.6515, down 1.7%. US inflation higher than expected at 3.5% The US consumer price index has accelerated for a second straight month.
10-04-2024 11:36 GMT by Kenneth Fisher
canada-cad-sphere.jpg
Canadian dollar calm ahead of BoC decision
The Canadian dollar is slightly lower on Wednesday. In the European session, USD/CAD is trading at 1.3559, down 0.09%. Bank of Canada expected to stay pat The Bank of Canada is widely expected to hold the cash rate at 5.0% at today’s meeting.
10-04-2024 07:33 GMT by Kenneth Fisher
Reserve-bank-of-New-Zealand2.jpg
NZ dollar rises as RBNZ pauses
The New Zealand dollar has extended its gains on Wednesday and is higher for a third straight day. In the North American session, NZD/USD is trading at 0.6074, up 0.24%. RBNZ holds rates, says economy weak There was little drama from the Reserve Bank of New Zealand’s meeting on Wednesday, as the decision to pause was widely expected.
10-04-2024 05:12 GMT by Kenneth Fisher
newzealand_map.jpg
NZ dollar climbs ahead of RBNZ rate decision
The New Zealand dollar has posted considerable gains on Tuesday. In the North American session, NZD/USD is trading at 0.6065, up 0.54% and its highest level since March 21. RBNZ widely expected to hold cash rate The Reserve Bank of New Zealand meets early on Wednesday and it’s practically a given that it will hold the cash rate at 5.5%.
09-04-2024 09:23 GMT by Kenneth Fisher
MarketPulse-Podcast-Image_Kelvin_8-Apr-2024.jpg
Market Insights Podcast - Higher for longer interest rates back in vogue, US CPI, ECB and Q1 US banks earnings on the radar
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, a quick recap on what happened last week week where the initial Fed dovish pivot narrative has been watered down due to a hawkish Fed Speak from Minneapolis Fed President Kashkari that suggested interest rate cuts may not be needed in 2024 coupled with a red-hot US non-farm payroll jobs data for March.
08-04-2024 21:27 GMT by Kelvin Wong
usdjpy-japanese-yen-jpy-keyboard.jpg
US Consumer Price Index CPI - USD/JPY Technical Analysis
US Consumer Price Index - CPI The US Consumer Price Index CPI Y/Y overall trend has been steadily declining after reaching its peak of 9.06% in June 2022. A drop in all CPI components, including Energy, Food, and Durable Goods Prices, mainly drove the decline.
08-04-2024 11:58 GMT by Moheb Hanna
canada-jobs-construction.jpg
Weak job data sends Canadian dollar slips to 4-month low
The Canadian dollar is showing limited movement on Monday. In the European session, USD/CAD is trading at 1.3598, up 0.06%. Canada and the US both released March employment reports on Friday, with Canada posting a weak reading while US nonfarm payrolls blew past expectations.
08-04-2024 06:12 GMT by Kenneth Fisher
AdobeStock_311952238.jpeg
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
japanese-yen-jpy-usdjpy-japan.jpg
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
canada-usa-speech-talk-debate.jpg
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
australian-dollar-aussie.jpg
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
1 … 96 97 98 … 237