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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.

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Gold (XAU/USD), Silver (XAG/USD) Print Fresh Highs as the DXY Eyes 105.00
Gold and Silver prices reach new highs amidst a rising US Dollar, driven by global uncertainties and a potential Trump Presidency. Silver's demand/supply dynamics bode well for further gains. The US Dollar Index (DXY) strengthens due to positive economic data and fading rate cut expectations, with a potential rise to 105.00.
23-10-2024 07:03 GMT by Zain Vawda
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EUR/USD lower, ECB’s Kazimir confident in ‘disinflation path’
The euro has edged lower on Monday. In the North American session, EUR/USD is trading at 1.0838, down 0.24% on the day. ECB’s Kazimir says disinflation continuing The European Central Bank lowered its key interest rate last week by a 25 basis points to 3.25%, the first back-to-back rate cuts since December 2011.
21-10-2024 10:41 GMT by Kenneth Fisher
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USD/CHF Technical Outlook: Pullback Before Continuation?
USD/CHF is showing potential for bullish continuation. The Swiss National Bank may welcome a weaker CHF due to pressure from the swiss export sector. Upcoming US data and geopolitical events, including the IMF meeting and US election, could impact USD/CHF. Most Read: Markets Weekly Outlook – PMI Data and IMF Meeting Dominate the Agenda s eyeing an extended move to the upside as it hovers around a support area on Monday. Safe Haven appeal appears to be keeping the Swiss Franc supported at presen
21-10-2024 09:25 GMT by Zain Vawda
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USD/JPY edges lower, China cuts lending rates
The yen is slightly lower on Monday. In the European session, USD/JPY is trading at 149.96, up 0.30%. China lowers key lending rates by 25 basis points. China cuts key lending rates China lowered its key lending rates by 25 basis points on Monday.
21-10-2024 08:25 GMT by Kenneth Fisher
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USD/JPY Technical: Potential bearish reversal in US dollar strength below 200-day moving average
USD/JPY has rallied by 7.7% from the 16 September 2024 low with three key risk events/data for this week (Japan’s flash PMI, Tokyo CPI & general election). The recent 4-week rally in the USD/JPY has displayed exhaustion conditions. Watch the 148.95 key intermediate support. This is a follow-up analysis of our prior report “USD/JPY Technical: Recent mean reversion rebound in US dollar strength may have hit a ceiling” published on 4 October 2024.
21-10-2024 05:11 GMT by Kelvin Wong
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Markets Weekly Outlook - PMI Data and IMF Meeting Dominate the Agenda
Global markets are reacting to shifts in central bank policies, with the US dollar strengthening and rate cut expectations changing. The upcoming week will be busy with the IMF meeting, PMI data releases, central bank announcements, and US earnings reports. The US Dollar Index is in focus as technical factors may play a more significant role in its movement amidst a lighter data week.
18-10-2024 14:13 GMT by Zain Vawda
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Gold (XAU/USD) Price Smashes Through $2700/oz - Further Gains Ahead?
Gold prices surged past $2700/oz fueled by expectations of global rate cuts and escalating geopolitical tensions in the Middle East. The London Bullion Market Association's bullish prediction of $2941/oz gold price in 12 months. Technically, gold is overbought, but the threat of an Israeli strike on Iran could limit downside risks. Most Read: S&P 500, Nasdaq 100 – Wall Street Indexes Rise as TSMC Leads Chip Stock Rally, Where to Next?
18-10-2024 09:29 GMT by Zain Vawda
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Pound rises on strong UK retail sales
The British pound has extended its gains on Friday. In the European session, GBP/USD is trading at 1.3046, up 0.27% on the day. UK retail sales stronger than expected UK retail sales are moving in the right direction.
18-10-2024 05:24 GMT by Kenneth Fisher
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EUR/USD Technical: Overstretched decline heading into ECB meeting
A 25bps cut by the ECB is likely to have been fully priced in. The current high expectation of another ECB rate cut in December faces an increased repricing risk. Watch the 1.0780/0750 key medium-term support on the EUR/USD. In the past four weeks, the EUR/USD has plummeted by 3.3% from its 25 September high of 1.1214 to today’s current intraday low of 1.0849 at this time of the writing ahead of the European Central Bank (ECB) monetary policy decision.
17-10-2024 07:25 GMT by Kelvin Wong
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GBP Price Action Ideas: GBP/USD, GBP/JPY and EUR/GBP
The GBP has been declining against the USD due to softer-than-expected UK economic data, leading to expectations of more aggressive rate cuts by the Bank of England. GBP/USD is at a crucial level of 1.3000, a break below which could lead to further downside. GBP/JPY is showing signs of a potential breakout, with price coiling between the 100 and 200-day moving averages. EUR/GBP is near the YTD low, with immediate resistance at 0.8400. The pair's future direction will depend on the GBP's strength
16-10-2024 14:08 GMT by Zain Vawda
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US Dollar Index (DXY) Outlook: DXY Breaches the 100-day MA, Will the Rally Continue?
The US Dollar Index (DXY) continues to advance due to a lack of impactful US data and expectations of robust retail sales. Donald Trump's comments on tariffs and the Federal Reserve's independence. The DXY faces technical challenges, with the RSI in overbought territory, but the overall outlook remains bullish. Most Read:  The US Dollar Index (DXY) continues its advance with the lack of high impact US data keeping the greenback on the front foot. A move lower in the DXY may need a batch of soft
16-10-2024 09:13 GMT by Zain Vawda
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