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.

NZD/JPY Technical: Failure bullish breakout indicates potential softness (JPY strength) ahead

3 key risk events that may significantly influence the movement of NZD/JPY; Japan’s FY 2024/2025 annual wage negotiations preliminary results (15 March), BoJ’s monetary policy outcome (19 March) & Fed FOMC and release of its latest dot plot (20 March). Technical analysis has indicated a potential medium-term bearish momentum on sight for NZD/JPY. Watch the key short-term resistance of 92.00 for NZD/JPY. This is a follow-up analysis of our prior report, “NZD/JPY: JPY crosses under downside press

06-03-2024 01:25 GMT by Kelvin Wong

Japanese yen yawns as Tokyo Core CPI jumps

The Japanese yen is drifting on Tuesday. In the European session, USD/JPY is trading at 150.44, down 0.05%. Tokyo rises 2.5% as expected Today’s release of Tokyo Core CPI, which excludes fresh food and is considered Japan’s important inflation indicator, had no effect on the Japanese yen, as February’s gain of 2.5% y/y was in line with market expectations.

05-03-2024 04:52 GMT by Kenneth Fisher

Market Insights Podcast - A busy week with Tokyo CPI, China 2 Sessions, Fed Chair Powell testimony and US NFP

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and event. A busy week ahead across the globe, over in Asia, the key focus will be on Tokyo's core-core inflation rate (excluding food & energy) where the consensus is expecting an uptick from January's softer print of 2.2% y/y.

04-03-2024 19:21 GMT by Kelvin Wong

Swiss franc edges higher as Swiss CPI falls to 1.2%

The Swiss franc is slightly higher at the start of the week. In the North American session, USD/CHF is trading at 0.8852, up 0.20%. Swiss inflation lower than expected Switzerland’s inflation rate dipped to 1.2% y/y in February, down from 1.3% in January but above the market estimate of 1.1%.

04-03-2024 12:24 GMT by Kenneth Fisher

Japanese yen steady ahead of Tokyo Core CPI

The Japanese yen is showing limited movement on Monday. In the European session, USD/JPY is trading at 150.34, up 0.13%. Tokyo Core CPI expected to rise to 2.5% Japan releases Tokyo Core CPI, considered the most important inflation indicator, on Tuesday.

04-03-2024 05:32 GMT by Kenneth Fisher

EUR/USD steady after eurozone inflation dips

Eurozone inflation falls to 2.6% Eurozone unemployment rate drops to record low of 6.4% The euro is calm on Friday. In the European session, EUR/USD is trading at 1.0818, up 0.13%. Eurozone inflation eases to 2.6% Inflation continues its downward trend in the eurozone.

01-03-2024 08:37 GMT by Kenneth Fisher

Canadian dollar shrugs as GDP beats estimates

The Canadian dollar is showing limited movement on Friday. In the European session, USD/CAD is trading at 1.3576, down 0.03%. Canada’s GDP expands by 1.0% The Canadian economy grew by 1.0% y/y in the fourth quarter of 2023, beating the market estimate of 0.8%.

01-03-2024 06:45 GMT by Kenneth Fisher

Japanese yen jumpy after BoJ member urges tighter policy

Japanese yen falls below 150 BoJ’s Tanaka urges changes to monetary policy US PCE price index falls to 2.4% BoJ's Tanaka hints at tighter monetary policy After close to two weeks of little movement, the Japanese yen is showing some volatility. The yen climbed as much as 1% on Thursday before paring much of those gains.

01-03-2024 04:37 GMT by Kenneth Fisher

EUR/USD dips as German inflation declines

Eurozone to release inflation data on Friday EUR/USD dips as Germany’s inflation rate falls German inflation falls to 2.5% The euro is in negative territory on Thursday. In the North American session, EUR/USD is trading at 1.0800, down 0.35%. Germany’s inflation rate dropped to 2.5% y/y in February, down from 2.9% in January and lower than the market estimate of 2.6%.

29-02-2024 13:30 GMT by Kenneth Fisher

Australian dollar edges higher as retail sales rebound falls short

The Australian dollar has stabilized on Thursday after sustaining sharp losses a day earlier. In the North American session, AUD/USD is trading at 0.6512, up 0.26%. Australian retail sales rebound but miss estimate Australia's retail sales started the year on the right foot but were not as strong as expected.

29-02-2024 09:19 GMT by Kenneth Fisher

Canadian dollar hits 10-week low ahead of GDP

The Canadian dollar is drifting on Thursday. In the European session, USD/CAD is trading at 1.3585, down 0.06%.

29-02-2024 06:07 GMT by Kenneth Fisher

Market Insights Podcast - US GDP, RBNZ holds, bitcoin soars

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the recent US data, RBNZ rate decision and the latest rally in bitcoin.

28-02-2024 15:18 GMT by Craig Erlam

Australian dollar slides after CPI stays steady

The Australian dollar took a hit after Australian inflation was lower than expected. In the North American session, AUD/USD is trading at 0.6493, down 0.78%. CPI holds steady at 3.4% Australia’s inflation rate remained steady in January at 3.4% y/y, unchanged from December and below the market estimate of 3.6%.

28-02-2024 10:03 GMT by Kenneth Fisher

NZ dollar slides after RBNZ holds rates

RBNZ holds cash rate at 5.25% New Zealand dollar declines 1.2% The New Zealand dollar is sharply lower on Tuesday. In the European session, NZD/USD is trading at 0.6095, down 1.22%.

28-02-2024 08:14 GMT by Kenneth Fisher

AUD/NZD Technical: Squeezed up towards key 1.0700 resistance ex-post RBNZ

New Zealand central bank, RBNZ maintained its OCR at 5.50% but surprised markets with lower OCR forecasts for 2024 and 2025. A less hawkish RBNZ has triggered a sell-off in the Kiwi (-1% intraday against the USD), the worst-performing currency among the majors. The current weak outlier movement of the NZD has triggered a potential short-term bearish mean reversion scenario for the AUD/NZD cross pair. Watch the 1.0700 key short-term resistance on AUD/NZD.

28-02-2024 00:01 GMT by Kelvin Wong

RBNZ Preview - Technical Analysis for NZD/USD

Talking Points Reserve Bank of New Zealand - Official Cash Rate Daily Chart Technical Analysis 1 - Hour Chart Technical Analysis Reserve Bank of New Zealand - OCR The RBNZ interest rate decision, monetary policy statement, and press conference are scheduled for tonight; the official cash rate in New Zealand is 5.50%, and according to Westpac as well as a few banks, RBNZ is expected to hold rates at their current level in line with the FED and other major central banks globally.

27-02-2024 14:47 GMT by Moheb Hanna

New Zealand dollar calm ahead of RBNZ rate decision

The New Zealand dollar is trading quietly on Tuesday. In the European session, NZD/USD is trading at 0.6165, down 0.12%. Reserve Bank expected to hold rates at 5.50% All eyes are on the Reserve Bank of New Zealand, which will set the cash rate on Wednesday.

27-02-2024 11:44 GMT by Kenneth Fisher

GBP/USD yawns as UK shop inflation declines

UK shop inflation falls to 2.5% The British pound is drifting on Tuesday. In the European session, GBP/USD is trading at 1.2683, down 0.03%. Shop price, food inflation heads lower UK shop inflation doesn’t usually make headlines but today’s release was further evidence that inflation is on a downward trend.

27-02-2024 06:52 GMT by Kenneth Fisher

Market Insights Podcast - China PMI, Japan CPI, US PCE and RBNZ on the radar

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events, notably the US Federal Reserve preferred data on inflationary trends in the US, the core PCE. The consensus is expected another soft print of 2.4% y/y in January versus 2.6% y/y in December 2023, an inline core PCE with the consensus is likely to be much preferred by stock market bulls as to keep the Fed's dovish pivot "alive".

26-02-2024 20:33 GMT by Kelvin Wong

USD/JPY: All eyes on Japan's core-core inflation tomorrow

Japan’s core-core CPI for January 2024 is expected to come in soft at 3.2% y/y versus 3.7% y/y in December 2023. Leading economic indicators, Japan’s Consumer Confidence, and Average Cash Earnings of employees suggest a more potentially upbeat core-core inflation rate for January 2024. Watch the 150.70 key short-term resistance of USD/JPY with near-term support at 149.60. This is a follow-up analysis of our prior report, “USD/JPY: Lingering below 151.40/95 major resistance zone” published on 15

26-02-2024 02:01 GMT by Kelvin Wong

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