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.

BoJ poised to offer guidance on the removal of short-term negative rates may spark JPY strength

10-year JGB implied volatility has tapered downwards since the implementation of flexible YCC in October 2023, lowering the odds of disorderly movements in the JGB Elevated demand-pull inflation (excluding fresh food & energy) in Japan may prompt BoJ to upgrade its inflation (excluding fresh food & energy) forecasts for FY 2024 & FY 2025. Technical analysis has detected bearish elements in USD/JPY where JPY may start to strengthen in the short term towards 146.25 and a break below it exposes 1

22-01-2024 02:19 GMT by Kelvin Wong

Yen under pressure, Core CPI eases

Japan's Core CPI eases to 2.3% The Japanese yen has recovered after losing ground earlier in the day. USD/JPY rose as high as 148.80, its highest level in three weeks.

19-01-2024 07:54 GMT by Kenneth Fisher

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Hedging the Markets - EURGBP rebounds after UK retail sales data (video)

OANDA Senior Market Analyst Craig Erlam gives his analysis of EURGBP after the disappointing retail sales release from the UK.

19-01-2024 07:24 GMT by Craig Erlam

Canadian dollar drifting ahead of retail sales

Canada's retail sales expected to fall to zero The Canadian dollar is showing limited movement for a second straight day. In the European session, USD/CAD is trading at 1.3496, down 0.13%. Markets brace for stagnant retail sales Canada releases retail sales for November later today, and the markets are expecting no growth, following a 0.7% gain in October.

19-01-2024 06:46 GMT by Kenneth Fisher

GBP/JPY - Pulls off highs as UK retail sales plunge in December

A poor December for UK retailers Is weaker demand a good thing for the BoE? GBPJPY eases off eight-year highs UK retail sales fell sharply in December as consumers tightened their pursestrings during what is normally a hugely important time of year for retailers. Any sense of optimism from the jump in sales in November was short-lived, with the decline in sales last month as widespread as it was steep. Everyone from food retailers to department stores saw a sharp reduction in sales as consumers

19-01-2024 05:23 GMT by Craig Erlam

GBP/USD dips as retail sales slide

UK retail sales slide 3.2% in December GBP/USD edges lower The British pound has weakened slightly on Friday. In the European session, GBP/USD is trading at 1.2682, down 0.18%. UK retail sales take a tumble The markets were expecting a letdown from December retail sales after a strong November reading, but nobody was expecting a multi-year drop.

19-01-2024 04:19 GMT by Kenneth Fisher

AUD/USD - Promising jobs and housing data from the US

US jobless claims fall last week Australian employment unexpectedly falls in December A head and shoulders potentially forming in AUDUSD Data from the US today has been a little positive, although, in the case of jobless claims, it's hard to say at this stage how much. Initial claims unexpectedly fell below 200,000 but arguably more promising, continuing claims have continued to edge down which suggests the market for those laid off has improved slightly.

18-01-2024 12:22 GMT by Craig Erlam

Japanese yen can't find its footing

US unemployment claims fall to 187K Japan's core CPI expected to ease to 2.3% on Friday The Japanese yen has stabilized on Thursday. In the North American session, USD/JPY is trading at 148.04, down 0.08%. Is yen headed back to 150? The Japanese yen continues to show strong volatility.

18-01-2024 10:57 GMT by Kenneth Fisher

GBP/USD eyes UK retail sales

UK retail sales expected to dip by 0.5% on Friday The British pound has edged lower on Thursday. In the European session, GBP/USD is trading at 1.2655, down 0.20%. Markets brace for retail sales downswing What goes up must come down.

18-01-2024 09:09 GMT by Kenneth Fisher

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GBP/USD - Volatile after UK inflation and US retail sales data

OANDA Senior Market Analyst Craig Erlam gives his analysis of GBPUSD in light of the UK inflation and US retail sales releases.

18-01-2024 06:57 GMT by Craig Erlam

Aussie stems the bleeding

The Australian dollar has stabilized after a nasty tumble this week. In the European session, AUD/USD is trading at 0.6555, up 0.06%.

18-01-2024 03:57 GMT by Kenneth Fisher

AUD/USD Technical Analysis – Australian Dollar Employment Change

Talking Points Australia's Employment Change and Unemployment Rate AUS/USD Weekly Chart Technical Analysis and COT Update AUD/USD 1-hour Chart Technical Analysis Australia's Employment Change and Unemployment Rate The Employment Change numbers in Australia have been steady and often beating its forecasts for the past few months; the forecasted change in Employment for December 2023 numbers reflects a potential shift in course;

17-01-2024 12:57 GMT by Moheb Hanna

AUD/USD falls to 5-week low on weak Chinese data

Australian dollar declines sharply Chinese GDP and retail sales miss estimates Fed's Waller urges caution with regard to rate cuts The Australian dollar has extended its losses on Wednesday. In the North American session, AUD/USD is trading at 0.6538, down 0.69%.

17-01-2024 12:03 GMT by Kenneth Fisher

EUR/GBP - Inflation data casts doubt over interest rate cuts

UK inflation data surprises to the upside Eurozone inflation unrevised for December EURGBP breaks lower after UK data UK inflation figures were slightly higher than expected, with headline CPI actually rising a little back to 4%, rather than falling to 3.8%, and core remaining at 5.1% rather than falling to 4.9%. This is hardly a massive blow but investors have become accustomed recently to data delivering and more, so this is perhaps being viewed as a bigger setback than it actually is. This i

17-01-2024 11:49 GMT by Craig Erlam

Canadian dollar falls, inflation rises

Canada's inflation rate rises to 3.4% The US dollar continues to gain ground against its Canadian counterpart. In Wednesday's European session, USD/CAD is trading at 1.3518, up 0.18%. Canada's inflation rate rises to 3.4% Canada's annual inflation rate rose in December to 3.4%, up from 3.1% in November and matched the market estimate. Interestingly, the US inflation report for December also climbed from 3.1% to 3.4%.

17-01-2024 06:50 GMT by Kenneth Fisher

British pound gains ground as UK inflation rises

UK inflation rises unexpectedly GBP/USD climbs higher The British pound has edged higher after UK inflation rose unexpectedly in December. In the European session, GBP/USD is trading at 1.2694, up 0.47%. UK inflation rises to 3.9% UK inflation has a tendency to surprise the markets and that happened again on Wednesday as December CPI ticked upwards to 4.0% y/y, up from 3.9% in November and above the consensus estimate of 3.8%.

17-01-2024 05:12 GMT by Kenneth Fisher

EUR/AUD Technical: AUD’s underperformance remains sticky

Current bout of risk-off behaviour has triggered an underperformance of higher beta risk-sensitive currencies such as the AUD. China Premier Li Qiang's speech in Davos has signalled “a lesser need” for China to enact massive stimulus measures which in turn may see lesser industrial commodities exports from Australia in the near term. AUD’s weakness has led to a short-term uptrend unfolding in the EUR/AUD cross pair. The risk-off behaviour has continued to spill over to today’s 17 January Asian

17-01-2024 01:18 GMT by Kelvin Wong

Gold - Struggling near previous record highs and showing signs of weakness

Bearish correction underway? A lot of rate cuts are now priced in Fib bounce may be a bearish signal Gold is trading a little lower on Tuesday after bouncing higher once again in recent sessions. The yellow metal remains buoyed by very aggressive rate-cutting expectations, particularly in the US, but at the same time, it is struggling to generate fresh momentum around the prior record highs, near $2,070.

16-01-2024 11:41 GMT by Craig Erlam

Australian dollar tumbles as risk appetite falls

Australian dollar slides as risk appetite slides The Australian dollar is sharply lower against the US dollar on Tuesday. In the North American session, AUD/USD is trading at 0.65897 down 0.94% and has fallen to its lowest level in a month. US dollar powers higher The US dollar struggled against the major currencies in the last two months of 2023 but has surged out of the gates early in the new year.

16-01-2024 11:19 GMT by Kenneth Fisher

EUR/GBP - UK wage growth cools which could enable earlier BoE rate cuts

UK wages (inc bonus) rise 6.5% in the three months to November (7.2% in three months to October) Markets expect 125 basis points of rate cuts from the BoE this year Double bottom forms in EURGBP Labor market figures this morning have kicked off a big week of economic data for the UK in a promising way, with wage growth a highlight from the report. For a long time now, central banks have indicated that a significant amount of pressure from higher interest rates will need to be applied

16-01-2024 08:36 GMT by Craig Erlam

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