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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 Technical: Poised for a potential bullish breakout as US CPI looms
In the past four weeks, Gold (XAU/USD) has traded in a tight range environment below US$2,532 key intermediate range resistance. Positive momentum reading and a major bearish breakdown seen in the 10-year US Treasury real yield may trigger a bullish breakout in Gold (XAU/USD). Watch the key medium-term support at US$2,435 for Gold (XAU/USD).
11-09-2024 07:41 GMT by Kelvin Wong
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Gold (XAU/USD) Flirts with All-Time Highs. Will US CPI Prove the Catalyst for a Breakout?
Gold prices are inching higher as the market awaits the US CPI release. Market reaction to the CPI data will depend on whether rate cut expectations are already priced in. From a technical analysis perspective, the gold chart may be forming a double top pattern ahead of the CPI release. Most Read: Brent Crude – Oil Slides Below $70 a Barrel, First Time Since December 2021 Gold prices inched higher in Asian trade as market participants brace for the US CPI release.
11-09-2024 06:17 GMT by Zain Vawda
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Japanese yen gains ground, US inflation looms
The Japanese yen is in positive territory on Tuesday. In the North American session, USD/JPY is trading at 142.63 at the time of writing, down 0.37% on the day. Will BoJ stay on the sidelines until 2025? Bank of Japan meetings used to be sleeper events but that has changed now that the central bank has exited its negative rate policy and is likely to continue tightening.
10-09-2024 11:29 GMT by Kenneth Fisher
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GBP/USD steady as UK wage growth eases, GDP next
The British pound has edged lower on Tuesday. In the North American session, GBP/USD is trading at 1.3055, down 0.14% on the day. UK wage growth drops to 2-year low UK wage growth eased in the three months to July, an encouraging sign for the Bank of England as it looks to continue lowering rates. Average earnings excluding bonuses climbed 5.1% y/y, down from 5.4% in the previous period and in line with the market estimate.
10-09-2024 10:43 GMT by Kenneth Fisher
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AUD/USD shrugs after weak confidence data
The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6671 in the European session, up 0.17% today at the time of writing. With the Australian economy sputtering, it should come as no surprise that today’s confidence indicators pointed downward.
10-09-2024 07:37 GMT by Kenneth Fisher
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GBP/USD Rises on Robust Labor Data - Challenges Ahead for the BoE
UK labor data beats expectations, with regular pay rising by 5.1% and employment increasing by 265k. BoE faces challenges in balancing strong employment figures with moderating wage growth and rate cut hopes. US CPI and PPI, and BoE Deputy Governor Sarah Breeden's comments, could impact GBP/USD's trajectory. Most Read: Is EUR/USD Vulnerable Ahead of ECB Meeting…? DXY to Play a Major Role The GBP benefitted following a positive UK labor data release this morning.
10-09-2024 05:45 GMT by Zain Vawda
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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
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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
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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
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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
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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
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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
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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
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