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.

Is EUR/USD Vulnerable Ahead of ECB Meeting…? DXY to Play a Major Role

The US Dollar Index (DXY) has rebounded since Friday's jobs data release, driven by altered rate cut expectations. EUR/USD is particularly affected by the DXY recovery, with the Euro's recent strength potentially waning due to poor German data and shifting rate cut expectations. The DXY's technical analysis suggests further upside potential, with immediate resistance at 102.16 and 102.60.

09-09-2024 11:56 GMT by Zain Vawda

EUR/CHF: Another potential downleg may intensify after weak China inflation

EUR/CHF has continued to exhibit a high direct correlation with France CAC and Germany DAX. China’s core inflation and producer prices for August have indicated a persistent trend of lackluster internal demand. Sluggish China’s consumer demand may hurt the profits of key European makers of luxury goods, cars, and machinery. Watch the key intermediate support of 0.9255 on the EUR/CHF. This is a follow-up analysis of our prior report, “EUR/CHF: Medium-term global risk-off kickstarts (Part 2)” pu

09-09-2024 07:12 GMT by Kelvin Wong

Markets Weekly Outlook - ECB Rates, China and US Presidential Debate in Focus

US jobs data missed estimates, keeping recessionary fears very much in play. US Equities continue their September struggles as Oil falters as well. ECB expected to cut rates amidst slowing European economy, while UK jobs data and US CPI figures remain in focus. Read More: Bitcoin (BTC/USD) Eyeing a Deeper Reversal as ETF Outflows Continue Week in Review: Jobs Data Fails to Provide Clarity as Underlying Data Flashes Warning Signs

06-09-2024 13:14 GMT by Zain Vawda

EUR/USD dips after US payrolls misses estimate

The euro has edged lower on Friday. EUR/USD is trading at 1.1088 in the North American session at the time of writing, down 0.20%. US nonfarm payrolls improves but misses estimate Today’s US nonfarm payrolls wasn’t a disaster but certainly nothing to smile about.

06-09-2024 10:36 GMT by Kenneth Fisher

USD/JPY – yen extends rally ahead of US jobs data

The Japanese yen has posted strong gains on Friday. In the European session, USD/JPY is trading at 142.76 at the time of writing, down 0.47% on the day.

06-09-2024 05:43 GMT by Kenneth Fisher

JPY crosses face another round of potential downside pressure as NFP looms

Recent lacklustre key US economic growth-related data; ISM Manufacturing PMI & ADP Employment Change reinforced the recent bout of JPY strength. Bearish elements in the JPY crosses Index suggest further potential JPY strength in the medium-term horizon. Watch the 140.25 support on the USD/JPY.

06-09-2024 05:22 GMT by Kelvin Wong

Canadian dollar calm ahead of US, Canada jobs report

The Canadian dollar is drifting on Friday. In the European session, USD/CAD is trading at 1.3496 at the time of writing, down 0.05%.

06-09-2024 04:53 GMT by Kenneth Fisher

BoC cuts rates, Nvidia plunges, nonfarm payrolls loom

OANDA Market Analyst Kenny Fisher joins Jonny Hart to discuss this week’s key economic data and events as well as the impact on global markets. Pivotal week peppered with major events; Bank of Canada cuts rates for third straight time; US nonfarm payrolls could determine extent of Federal Reserve rate cut later this month; and Nvidia plunges by almost 10%

05-09-2024 14:12 GMT by Kenneth Fisher

Yen extends gains on solid wage growth, consumer spending next

The Japanese yen has posted gains on Thursday. In the North American session, USD/JPY is trading at 143.27 at the time of writing, down 0.33% on the day.

05-09-2024 13:39 GMT by Kenneth Fisher

AUD/USD steady after Bullock’s hawkish message

The Australian dollar has posted slight gains on Thursday. AUD/USD is trading at 0.6732 in the North American session, up 0.11% today at the time of writing. Australia’s economy has been dubbed a “horror show” by some local commentators and yesterday’s weak GDP release only reinforced the pessimism about economic conditions.

05-09-2024 12:39 GMT by Kenneth Fisher

Canadian dollar gains ground after BoC cut

The Canadian dollar is almost unchanged on Wednesday. In the North American session, USD/CAD is trading at 1.3507 at the time of writing, down 0.02%.

05-09-2024 11:16 GMT by Kenneth Fisher

US Dollar Index (DXY) Slips as JOLTS Dips Below 8 Million, Yen Strengthens

US Dollar Index (DXY) weakens as JOLTS job openings drop to a 3.5-year low of 7.673 million. Japanese Yen strengthens amid recessionary fears and hawkish comments from BoJ Governor Ueda. Recession fears persist. Will Friday's jobs data finally alleviate these concerns?

04-09-2024 14:15 GMT by Zain Vawda

Canadian dollar steady ahead of BoC decision

The Canadian dollar is showing limited movement on Wednesday. In the European session, USD/CAD is trading at 1.3555 at the time of writing, down 0.08%. BoC expected to cut for third consecutive time All eyes are on the Bank of Canada, which will announce its rate decision later today.

04-09-2024 07:58 GMT by Kenneth Fisher

Gold (XAU/USD) Under Pressure as Precious Metal Fails to Attract Haven Bids

Gold prices are trending down due to a lack of safe-haven bids and a strong US Dollar. Upcoming US jobs data and interest rate decisions will significantly impact gold's future performance. September is historically a challenging month for gold, which could further influence its trajectory.

04-09-2024 07:31 GMT by Zain Vawda

AUD/USD steady despite weak GDP

The Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6704 in the European session, down 0.10% today at the time of writing.

04-09-2024 06:00 GMT by Kenneth Fisher

Swiss franc calm as inflation drops

The Swiss franc is showing limited movement on Tuesday. USD/CHF is trading at 0.8507, down 0.11% on the day. Swiss CPI drops to 1.1% Swiss inflation declined to 1.1% y/y in August, down from 1.3% in the previous two months and below the market estimate of 1.2%.

03-09-2024 13:15 GMT by Kenneth Fisher

GBP/USD lower after strong US Mfg. PMI rises

The British pound continues to drift this week. In the North American session, GBP/USD is trading at 1.3103, down 0.33% on the day. UK BRC retail sales jump The British Retail Consortium reported a strong gain in retail sales for August.

03-09-2024 11:04 GMT by Kenneth Fisher

AUD/USD sinks ahead of GDP

The Australian dollar is sharply lower on Tuesday. AUD/USD is trading at 0.6732 in the European session, down 0.88% today at the time of writing. Australian GDP expected to remain soft Australia’s economy has been sputtering and the markets aren’t expecting much change from second-quarter GDP on Wednesday.

03-09-2024 06:50 GMT by Kenneth Fisher

USD/JPY Price Forecast - USD Gains Despite Labor Day Liquidity

USD/JPY rises for the fourth consecutive day, supported by US economic optimism. US employment data this week is crucial for Fed's September rate decision and USD/JPY direction. Japanese economic indicators and seasonality may also influence USD/JPY's trajectory. Most Read: Markets Weekly Outlook – NFP Jobs Data to Rule Out 50 bps Fed Rate Cut? USD/JPY continued its advance on a thin liquidity Monday. The greenback is up around 0.57% against the JPY and on course for a fourth successive day of

02-09-2024 12:52 GMT by Zain Vawda

GBP/USD drifting in thin holiday trade

The British pound is showing limited movement on Monday. With US markets closed for labor day, we’re unlikely to see much movement from the US dollar.

02-09-2024 12:29 GMT by Kenneth Fisher

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