Forex news

Get the latest forex news from our team of expert analysis – plan your next opportunity with real-time currency trade ideas, and learn what’s moving the forex markets today.

  • Newest
  • Popular
Currency exchange rate board of multiple currencies

Forex Friday: Dollar, Pound and Gold

In this week’s edition, we discuss the dollar, pound, euro, gold, and look forward to the week ahead.

default avatar
Yesterday 03:01 AM
"Newspaper snippet of jobs board"

NFP blows away estimates. But will it be revised?

The headline print was 517,000 vs an expectations of only 185,000

default avatar
Yesterday 02:55 AM
Research

China’s economy is expanding again, according to official data (USD/CNH)

The National Bureau of Statistics China (NBS) released PMI data this week which shows both the manufacturing and services sector are expanding.

default avatar
February 3, 2023 01:40 PM

Why trade with City Index?

Tight spreads from 0.5 pts on FX and 1 pt on indices.


Award-winning platforms with fast and secure execution.

N_A_Promo_Block_BG_Comp
downtrend chart

Four guys walk into a bar before central bank meetings…….

Will the RBA signal that they are going to pause the rate hike cycle?

default avatar
February 3, 2023 07:03 AM

ECB hikes 50bps, as expected. Another 50bps hike to come in March

During the press conference, Christine Lagarde seemed to be talking out of both sides of her mouth.

default avatar
February 3, 2023 03:42 AM

BoE’s dovish hike leaves pound in limbo

Investors are wondering whether the BoE was done with hiking...

default avatar
February 2, 2023 11:48 PM
multiple currencies

Big Mac Index explained: using the Big Mac Index in trading

The Big Mac Index is a common measure of exchange rates, but can it be used to make trading decisions? Find out what the Big Mac Index is and how it works.

default avatar
February 2, 2023 08:00 PM
Close-up of market chart

European Open: EUR/GBP probes YTD high ahead of BOE and ECB meetings

With the Fed having delivered their 25bp yesterday, it is now over to the BOE ECB today, who are expected to hike by 100bp between them.

default avatar
February 2, 2023 04:04 PM
Federal reserve building close-up

FOMC hikes 25bps, as expected. More rate hikes to come?

Today’s FOMC meeting was uneventful. However, Powell’s press conference which followed provided less hawkish comments for the markets to feast on

default avatar
February 2, 2023 08:21 AM
Apply now highlighted in newspaper

Big miss for ADP Employment Change; weather cited

Will the weather effect from today’s ADP Employment Change have the same effect on January’s NFP report?

default avatar
February 2, 2023 03:09 AM
Close-up of Union Jack flag

BoE Preview: MPC might be split but 50 bp hike likely

The GBP/USD could be heading to 1.25 if the BoE does not deliver a dovish surprise.

default avatar
February 1, 2023 07:00 AM
Bank notes of different currencies

ECB Preview: All about forward guidance

While a 50 basis point hike is fully priced in, there’s still a lot of uncertainty in terms of forward guidance...

Gold bars article image for an article on Precious metals and Gold

How much higher can gold move?

By the reaction after today’s ECI, it looks like gold bugs still mean business.

default avatar
February 1, 2023 06:01 AM
federal reserve stamp

US Q4 Employment Cost Index helps the Fed’s soft landing scenario

Will there be signs that the Fed intends to hike by an additional 25bps at it March meeting?

default avatar
February 1, 2023 02:23 AM
Research

European Open: China’s PMI squeeze in a surprise expansion, GBP/AUD turns higher

China’s PMI beat expectations and expanded, which could give global growth prospects a boost as China continues to reopen

default avatar
January 31, 2023 04:40 PM
Australian flag

Australia’s retail snails weigh on December's trade figures (again)

Australia’s retail sales were down a lot more than expected in December, suggesting much of the hype had died over the Black Friday Sales and Cyber Sales Monday in November.

default avatar
January 31, 2023 01:03 PM
Research

Looking to stay away from FED, BOE, and ECB this week? How about AUD/CAD?

Since October 2022 the pair has been moving higher and has recently hit the 61.8% Fibonacci retracement level

default avatar
January 31, 2023 07:14 AM

Open an account in minutes

Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 1 pt on indices.

N_A_Promo_Block_BG_Comp
Forex trading

Currency Pair of the Week: EUR/USD

With the FOMC and the ECB meetings, along with a treasure trove of important economic data from the US and Europe, EUR/USD should be volatile this week.

default avatar
January 31, 2023 03:41 AM
Bank notes of different currencies

The top 10 most traded currencies

Learn about the 10 most traded currencies like the dollar, euro and yen and learn why forex traders prefer trading these major currencies

Research

Commitment of traders report (COT):

The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchange.

default avatar
January 30, 2023 01:45 PM

Core PCE unlikely to sway Fed next week

The December Core PCE print was in-line with expectations. Therefore, markets remain comfortable with pricing in the 98% chance of a 25bps rate hike on Wednesday.

default avatar
January 28, 2023 02:54 AM
Research

Is the USD/JPY bearish move becoming ‘long’ in the tooth?

Shorting USD/JPY is not a new idea, and as the pair has erased around half of its 21-month rally, we see the potential for a bounce over the coming weeks.

multiple currencies

SARB hikes rates by 25bps; 50bps expected

It appears SARB could have gone with 50bps, but held back due to ongoing load shedding and the hit it may take on the economy.

default avatar
January 27, 2023 07:47 AM