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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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GBP/JPY - Testing highs ahead of key UK economic data
UK wage growth key to BoE sustainably hitting inflation target GBPJPY struggling near recent highs Divergence points to loss of momentum The coming days offer several important data points for the UK that could help determine when the Bank of England starts cutting interest rates and, by extension, where the currency is headed in the coming months. The jobs report on Tuesday is always widely followed but with the unemployment component less reliable than normal, it's the average earnings that
12-02-2024 15:36 GMT by Craig Erlam
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GBP/USD eyes Bailey, jobs report
The British pound is showing limited movement at the start of the week. In Monday's North American session, GBP/USD is unchanged at 1.2629. Bank of England Governor Andrew Bailey will speak at a public event later today and the markets will be listening carefully, looking for hints about the BoE's future rate path.
12-02-2024 09:17 GMT by Kenneth Fisher
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NZD/USD dips despite hawkish RBNZ
RBA's Orr says high rates still needed New Zealand releases inflation Expectations on Tuesday The New Zealand dollar is lower on Monday. In  the European session, NZD/USD is trading at 0.6127, down 0.35%.
12-02-2024 07:28 GMT by Kenneth Fisher
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USD/CAD dips as Canadian employment shines
Canadian employment jumps, wage growth falls USD/CAD edges lower The Canadian dollar has climbed higher in the North American session after the release of Canada's January employment report. In the North American session, USD/CAD is trading at 1.3432, down 0.20%. Canada's job growth beats forecast Canada usually posts employment reports on the same Friday as the US, but had the stage all to itself today, as the US posted its job report last week.
09-02-2024 09:08 GMT by Kenneth Fisher
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USD/CAD - Rebound running on fumes ahead of Canadian employment data
US jobless claims no longer trending lower Canadian unemployment expected to rise again USDCAD running low on momentum near key resistance The US dollar has performed well recently, buoyed by some strong US economic figures that have forced traders to pare back rate cut expectations. Markets ended last year expecting 150 basis points of rate cuts from the Federal Reserve this year and despite briefly rising to 175, it's now pulled back closer to 125. While it's still likely to fluctuate furthe
08-02-2024 11:32 GMT by Craig Erlam
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EUR/USD eyes German inflation
EUR/USD is slightly lower on Wednesday. In the North American session, the euro is trading at 1.0751, down 0.20%. German inflation expected at 0.2% Germany's CPI is expected at 0.2% m/m on Friday, which would confirm the initial estimate from two weeks earlier.
08-02-2024 09:27 GMT by Kenneth Fisher
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Australian dollar dips as China's inflation declines
The Australian dollar has edged lower after China posted a soft inflation report. In the European session, AUD/USD is trading at 0.6509, down 0.18%. The new year hasn't brought much cheer to the Australian dollar, which hasn't had a winning week in 2024.
08-02-2024 05:21 GMT by Kenneth Fisher
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GBP/USD - A bearish reversal at a key Fib level?
Fed policymakers sticking to the script US data continues to point to a strong economy Fib rebound may suggest we've seen a correction in GBPUSD It isn't the busiest week as far as UK and US economic data is concerned but there are still a few pieces worth keeping an eye on. As well as, of course, the scattering of central bank speak. So far, policymakers appear to remain consistent with the message from the last meeting despite Friday's surprisingly strong jobs report. The services PMI on Mo
07-02-2024 17:23 GMT by Craig Erlam
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EUR/AUD Technical: AUD weakness stalling after RBA's cautionary stance on inflation
Despite a recent slowdown in Australia’s monthly CPI for December 2023, the Australian central bank, RBA has chosen to remain on the cautious side and push back rate cut expectations. RBA’s monetary policy statement has stated that service inflation may remain sticky on the high side, and overall inflation may take some time to reach RBA’s target of 2% to 3%. Last week’s AUD weakness against the US dollar has started to taper off intraday, supported by the renewed hawkish vibes from RBA.
07-02-2024 06:26 GMT by Kelvin Wong
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NZD/USD shrugs after NZ employment report
New Zealand's unemployment rises, wages ease The New Zealand dollar is drifting on Wednesday, after jumping 0.73% a day earlier. In the North American session, NZD/USD is trading at 0.6104, up 0.12%. New Zealand's employment change rises New Zealand's employment report for the fourth quarter indicated that the labour market remains relatively strong.
07-02-2024 04:50 GMT by Kenneth Fisher
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GBP/USD - Breaks key support amid strong US economic figures
Traders pare rate cut expectations after strong US data UK households remain cautious with spending in December GBPUSD breaks quadruple top neckline The US economy is going from strength to strength, complicating the Federal Reserve's intentions to cut interest rates multiple times this year. The jobs report on Friday was red hot, with the wages component particularly problematic from a central bank perspective as it looks for further evidence that inflation is returning sustainably to target.
06-02-2024 12:14 GMT by Craig Erlam
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