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.

New Zealand dollar slips despite solid services release

NZD/USD is down sharply on Monday New Zealand services beat expectations US inflation expectations fall to March 2021 low The New Zealand dollar is down sharply on Monday. In the European session, NZD/USD is trading at 0.6192 down 0.75%. New Zealand Services PSI beats expectations New Zealand's services sector accelerated in May, as the Performance of Services Index rose from an upwardly revised 50.1 to 53.3 points.

19-06-2023 08:21 GMT by Kenneth Fisher

EUR/GBP Technical: Short-term downtrend intact

EUR/GBP has continued to trade lower, now at 0.8520, its lowest level since Aug 2022 ahead of UK inflation data (Wed,21 Jun) & BoE monetary policy decision (Thurs, 22 Jun). Short-term downtrend for EUR/GBP remains intact since the 26 Apr high of 0.8875. Key short-term resistance to watch will be at 0.8580 to maintain bearish momentum. Last week, the EUR/GBP cross rate recorded its third consecutive weekly loss and traded below its former medium-term range support of 0.8580 (swing low areas of O

19-06-2023 06:44 GMT by Kelvin Wong

Euro drifting lower on US holiday-thinned trading

ECB's Nagel says tightening could continue after July US inflation expectations fall to lowest level since March 2021 The euro has started the week quietly. EUR/USD is trading at 1.0917, down 0.22%.

19-06-2023 06:08 GMT by Kenneth Fisher

AUD/JPY Technical: At the risk of a minor pull-back

Minor uptrend phase of AUD/JPY since its 1 June 2023 low 0f 90.26 has reached overstretched condition. The overstretched rally of AUD/JPY is characterized by a 14-month high seen in the Bollinger Bandwidth (a measurement of historical volatility). Short-term upside momentum has started to wane. Fig 1: AUD/JPY medium-term trend as of 19 Jun 2023 (Source: TradingView, click to enlarge chart) Fig 2: AUD/JPY minor short-term trend as of 19 Jun 2023 (Source: TradingView, click to enlarge chart

19-06-2023 00:57 GMT by Kelvin Wong

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Podcast - ECB remains hawkish, BoJ committed to yield curve control

OANDA Senior Market Analyst joined Jonny Hart and Trader Nick to discuss the current state of the US stock market post-Fed, ECB meeting and what it means going forward, and the BoJs stubborn stance on YCC.

16-06-2023 16:55 GMT by Craig Erlam

Week Ahead - A huge week for BoE, SNB to keep hiking, CBRT a wildcard

US It will be a quiet Monday as Wall Street observes Juneteenth. A week filled with economic releases will probably see the most attention go towards Fed speak. After the Fed’s hawkish skip, Wall Street wants to know if they can become convinced that we could see two more rate hikes.

16-06-2023 15:30 GMT by Craig Erlam

Australian dollar surges to 4-month high

Australian dollar soars 1.29% on Thursday on Fed pause Markets price in Fed rate cuts despite Powell's hawkish signals The Australian dollar has moved lower on Friday, paring some of Thursday's massive gains. The Aussie traded as high as 0.6899 earlier today, its highest level since February 21st. Australian dollar soars after Fed pause The US dollar sagged badly against most of the major currencies on Thursday, in the aftermath of the dramatic Federal Reserve meeting.

16-06-2023 10:45 GMT by Kenneth Fisher

EUR/USD surges after ECB rate hike

ECB raises rates by 25-basis points EUR settles down after soaring over 1% on Thursday EUR/USD is trading at 1.0948 in Europe, almost unchanged on the day. On Thursday, the euro surged 1.05% in the aftermath of the ECB rate hike. ECB hikes and signals more rate increases coming The ECB raised rates by 25 basis points on Thursday, bringing the benchmark rate to 3.50%, the highest level since 2001.

16-06-2023 09:08 GMT by Kenneth Fisher

USD/JPY rises as BoJ stays the course

Bank of Japan maintains interest rate and yield curve control policy Japanese yen falls below 141 The Japanese yen is under pressure and has lost ground on Friday. In the European session, USD/JPY is trading at 141.01, up 0.53%. Bank of Japan maintains policy The Bank of Japan made no changes to its policy settings at its policy meeting.

16-06-2023 08:11 GMT by Kenneth Fisher

Welcome to a bipolar world of monetary policies

Monetary policies and guidance of the 4 major central banks are moving in the opposite direction. US Fed and Eurozone ECB are in the hawkish camp while Japan BoJ and China PBoC are still in accommodating mode. K-shaped performance in USD against key G-20 currencies; JPY remained weak and CNH sideways, in contrast, the rest has strengthened against the USD. G-10 JPY crosses are bursting up. We have concluded three plus one monetary policy decisions outcome from four major G-20 central banks for

16-06-2023 02:22 GMT by Kelvin Wong

EUR/USD - ECB hikes interest rates and warns at least one more is coming

Should we take them for their word? The ECB raised interest rates by another 25 basis points today and signaled there's more to come as it significantly revised up its core inflation forecasts for this year and next. Prior to the meeting, markets were pricing in a hike today but perhaps no more after, something President Lagarde sought to actively discourage. During the press conference, Lagarde stated that "barring material change, very likely that we will continue to raise rates in July".

15-06-2023 12:12 GMT by Craig Erlam

Stocks suffering from a Fed hangover, ECB signals a July hike

ECB hikes rates by 25bps and hot inflation outlook sends euro higher Wall Street starts to doubt Fed hiking pledge Fed swap futures suggest a 62% chance of a rate hike at July 26th meeting US stocks are wavering after a data dump didn’t really give a clear signal about the economy. Wall Street is suffering from a Fed hangover that won’t go away anytime soon as the economy will remain vulnerable as further tightening seems likely.

15-06-2023 10:02 GMT by Edward Moya

USD/JPY - Yen slides to 7-month low after Fed, BOJ meeting next

Fed delivers a hawkish pause Bank of Japan meets on Friday Japanese yen falls sharply The Japanese yen has taken a tumble on Thursday. In the European session, USD/JPY is trading at 141.24, up 0.81%.

15-06-2023 04:49 GMT by Kenneth Fisher

USD/JPY Technical: Bullish breakout from 4-week range ahead of BOJ

Higher interest rates for longer periods from Fed’s latest monetary policy stance reinforced USD/JPY strength. USD/JPY staged a bullish breakout from its recent 4-week range. The next key intermediate resistances stand at 142.25 and 142.80 ahead of BoJ’s monetary policy decision tomorrow.

15-06-2023 04:38 GMT by Kelvin Wong

New Zealand dollar dips after soft GDP report

New Zealand GDP declines by 0.1% Fed takes a pause, but sends hawkish message The New Zealand dollar is in negative territory on Thursday, after surging 0.9% higher on Wednesday. In the European session, NZD/USD is trading at 0.6171, down 0.57%.

15-06-2023 03:29 GMT by Kenneth Fisher

Podcast - The Fed's Hawkish Skip

OANDA Senior Market Analyst Ed Moya joins Jonny Hart and Trader Nick to analyze the Fed's hawkish skip, updated staff projections, and Fed Chair Powell's presser. They also preview the ECB rate decision.

14-06-2023 17:17 GMT by Edward Moya

Euro strength headed into ECB policy meeting

The euro survived a hawkish Fed pause and now faces an ECB rate decision that should contain a rate hike and a promise for more. The ECB is expected to raise all three of its key rates by 25bps, which would bring the main refinancing rate to 4.o0%. The ECB will also update their staff projections, which should show some weakness and potentially signal they are nearing the end of their tightening cycle.

14-06-2023 16:32 GMT by Edward Moya

New Zealand dollar soars ahead of expected Fed pause

Fed is widely expected to hold off increasing rates New Zealand GDP is expected to decline marginally NZD/USD jumps 1.3% The New Zealand dollar has surged today as the markets anxiously await the Fed rate decision later in the day. In the North American session, NZD/USD is trading at 0.6229, up 1.36%. Will Fed pause as expected? All eyes are fixated on the Federal Reserve, which is widely expected to pause its rate hikes after increasing rates ten straight times.

14-06-2023 11:50 GMT by Kenneth Fisher

AUD/USD rally continues, Fed decision looms

Fed expected to pause rates Australian dollar powers higher Australia releases employment report on Thursday The Australian dollar continues to gain ground and is trading at 0.6795, up 0.42%. The Aussie has been red-hot in June, gaining 4.4%. Australia releases the May employment report early Thursday.

14-06-2023 08:36 GMT by Kenneth Fisher

British pound extends gains, Fed decision looms

US inflation dips Federal Reserve expected to pause rates BoE feels pressure after sizzling UK jobs report The British pound is in positive territory on Wednesday. In the European session, GBP/USD is trading at 1.2645, up 0.27%.

14-06-2023 07:42 GMT by Kenneth Fisher

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