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.

GBP/USD eyes UK wage growth

UK wage growth expected to drop to 6.8% UK GDP rises 0.3%, but risk of recession remains The British pound has started the week with slight losses. In the European session, GBP/USD is trading at 1.2725, down 0.21%. Wage growth expected to continue falling The UK will release employment data on Tuesday and the spotlight will be on wage growth.

15-01-2024 05:17 GMT by Kenneth Fisher

Gold: Potential bullish breakout from 6-week range

Positive price actions in Gold (XAU/USD) as it reintegrated back above its 20-day moving average. A continuation of the medium-term bearish trend on the US 10-year Treasury real yield below 1.82% key resistance may add further bullish impetus for Gold. A rise in geopolitical risk premium may also support a firmer Gold. Watch the US$2,015 key short-term support on Gold (XAU/USD).

14-01-2024 23:55 GMT by Kelvin Wong

GBP/USD - Markets price in more Fed rate cuts after US PPI data, UK to avoid recession?

US PPI data weaker than expected UK could avoid a recession after November GDP recovery GBPUSD breakout coming after consolidation? Stock markets are ending the week on a high, buoyed by weaker PPI readings from the US that suggest inflation will keep falling in the coming months. The PPI data has repaired the damage done by yesterday's CPI data which came in a little higher than expected.

12-01-2024 12:53 GMT by Craig Erlam

Japanese yen edges higher after US PPI rises

US PPI rises 1%, missing estimate of 1.3% The Japanese yen has edged higher on Friday. In the North American session, USD/JPY is trading at 144.80, down 0.3e%. The US Producer Price Index followed the CPI's lead and rose in December, with a gain of 1%.

12-01-2024 08:39 GMT by Kenneth Fisher

USD/CAD - Technical Analysis Forecast

Canada CPI and BOC Overnight Rate schedule Technical Analysis for Monthly, Daily, and 4-hour charts The Canadian Dollar opened 2024 with a decline against the US Dollar, the Forex pair USD/CAD rose from 1.3180 in late December 2023 to its current average price of 1.3380 and has been trading near this level for a few days. The pair held steady throughout the US CPI data release as well as the recent upside move in oil prices.

12-01-2024 08:12 GMT by Moheb Hanna

Australian dollar edges up as China CPI slips

China's CPI declines by 0.3% Fed's Mester pushes back against March rate cut expectations The Australian dollar has edged higher on Friday. In the European session, AUD/USD is trading at 0.6693, up 0.09%. Policy makers at Australia's central bank are keeping a close eye on this week's inflation data out of Australia and China.

12-01-2024 06:20 GMT by Kenneth Fisher

GBP/USD yawns after strong UK GDP

UK GDP rebounds to 0.3%, but economy remains weak US inflation hotter than expected at 3.4% The British pound is showing limited movement on Friday. In the European session, GBP/USD is trading at 1.2769, up 0.05%. UK GDP bounces back in November The British economy grew in November by 0.3% m/m, rebounding from a 0.3% decline in October and edging above the market estimate of 0.2%.

12-01-2024 04:18 GMT by Kenneth Fisher

Aussie dips as US inflation higher than expected

The Australian dollar has posted sharp losses on Thursday. In the North American session, AUD/USD is trading at 0.6655, down 0.68%. US inflation report sends greenback higher US inflation was higher than expected in December with a gain of 3.4%.

11-01-2024 12:25 GMT by Kenneth Fisher

EUR/USD - US CPI no game-changer for interest rate expectations

US CPI (YoY) 3.4% in December (3.1% in November) US Core CPI (YoY) 3.9% in December (4% in November) EURUSD fails at 1.10 The CPI report has become a source of good news for investors, as inflation has fallen sharply to within touching distance of the Federal Reserve's 2% target. The last step may be the hardest, as many have warned, but investors are clearly of the view that the hard work has been done and it's only a matter of time until rates are falling.

11-01-2024 12:06 GMT by Craig Erlam

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Hedging the Markets - US inflation data lifts USD/JPY (video)

OANDA Senior Market Analyst Craig Erlam discusses the moves in USDJPY in light of today's US inflation data.

11-01-2024 11:53 GMT by Craig Erlam

GBP/USD flat ahead of US inflation data

US CPI expected to edge higher to 3.2% UK GDP projected to rebound to 0.2% The British pound is unchanged on Thursday, trading at 1.2741 in Europe. We could see some movement from the pound in the North American session following the release of the US inflation report.

11-01-2024 05:31 GMT by Kenneth Fisher

Japanese yen takes a tumble

Japan's wage growth decelerates to 0.2% The Japanese yen is down sharply on Wednesday. In the North American session, USD/JPY is trading at 145.74, up 0.86%. Japanese wage growth sputters Japan's wage growth was a major disappointment in November, with a meager gain of 0.2%.

10-01-2024 12:31 GMT by Kenneth Fisher

British pound eyes Bailey testimony

The British pound is slightly higher on Wednesday. In the North American session, GBP/USD is trading at 1.2725, up 0.12%. BoE's Bailey testifying before Treasury Select Committee Bank of England Governor Bailey is testifying before the Treasury Select Committee today.

10-01-2024 11:32 GMT by Kenneth Fisher

Australian dollar rises after CPI falls

The Australian dollar has rebounded on Wednesday. In the European session, AUD/USD is trading at 0.6705, up 0.28%. Australian CPI eases to 4.3% Australia's CPI for November rose 4.3% y/y, down considerably from 4.9% in October and just shy of the market estimate of 4.4%.

10-01-2024 07:12 GMT by Kenneth Fisher

Nikkei 225: Major bullish breakout from 7-month range with further potential upside in store

Nikkei 225 rallied to a 34-year high & outperformed the major US benchmark US stock indices year-to-date. Domestic demand-oriented sectors are the outperformers in the current bullish movement seen in the Japanese stock market. The USD/JPY is now having a negative correlation with the Nikkei 225. The sustainability of the current bullish tone seen in the Nikkei 225 is largely more dependent on Japan’s inflation growth outlook. This is a follow-up analysis of our prior report, “Nikkei 225 Techni

10-01-2024 04:17 GMT by Kelvin Wong

Euro edges lower after soft German data

German industrial production declines Atlanta Fed's Bostic says he expects two rate cuts in 2024 The euro has edged lower on Tuesday. In the North American session, EUR/USD is trading at 1.0928, down 0.20%. German industrial production declines The German locomotive continues to struggle as we start the New Year.

09-01-2024 12:37 GMT by Kenneth Fisher

Australian dollar falls despite solid retail sales

The Australian dollar is in negative territory on Tuesday. In the North American session, AUD/USD is trading at 0.6685, down 0.51%. Australian retail sales surge Australia's retail sales sparkled in November but the strong rebound wasn't reflected in the Australian dollar.

09-01-2024 11:31 GMT by Kenneth Fisher

EUR/USD Price Action - Technical Analysis

EURUSD continues its attempt to reverse back above the 1.1000 level but has been unsuccessful so far, the current trading range is critical, and any real breakout may help in forecasting future price action, we will go over a long-term as well as a short-term timeframe reflecting the current price action. Talking Points Weekly Chart - Longer Term Patterns overview 1-Hour Chart - Short Term and current price action Weekly Chart Price continues to trade below its ascending channel as identif

09-01-2024 10:08 GMT by Moheb Hanna

Japanese yen shrugs as Tokyo Core CPI slows

Tokyo Core CPI eases to 2.1% The Japanese yen has posted slight gains for a second straight day. In the European session, USD/JPY is trading at 144.10, down 0.09%. Tokyo Core CPI dips to 2.1% Tokyo Core CPI rose 2.1% y/y in December, down from 2.3% in November and matching the estimate of 2.1%.

09-01-2024 06:25 GMT by Kenneth Fisher

EUR/GBP Technical: Short-term relative weakness of EUR reasserts against GBP

Persistent underperformance of the EUR against GBP as the EUR/GBP cross pair reintegrated below the 200-day moving average. The hourly RSI momentum indicator of EUR/GBP has flashed out a bearish momentum condition. Watch the 0.8615 key short-term resistance with intermediate supports coming in at 0.8550 and 0.8500. In the long term, the EUR/GBP cross pair is still evolving within a major downtrend phase as depicted by its price actions’ oscillations within a descending channel in place since th

09-01-2024 05:16 GMT by Kelvin Wong

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