Forex news

Some bullish fingers have likely been burned at this week's open, given the relatively bullish positioning on S&P 500 futures alongside short bets against the VIX rising to a 6-month high last week.

Trump's tariff escalation has sparked fresh volatility across major currency pairs, pushing the US dollar to new heights. EUR/USD, USD/CAD, and USD/CNH are now at key technical levels, with traders bracing for potential breakouts or bounces. Here's what you need to know.

USD/JPY traders beware—market drivers are shifting. While rate differentials remain key, an intensifying trade war could see risk aversion take control. Will the yen prove to be the ultimate safe haven?

Trump's tariffs and divergent monetary-policy expectations between the RBA and Fed are weighing on AUD/USD. But whether it can hold above the January low could come down to whether USD/CNH breaks above its 2022 high.

The Trump administration has officially confirmed that new tariffs will take effect on Saturday, February 1, including a 25% tariff on imports from Canada and Mexico and a 10% tariff on Chinese goods - see how it's impacting markets.

Japanese economic data keeps the BOJ on track for more rate hikes. With USD/JPY teetering near key support, the risk of a downside break is growing. Will the bulls dig in, or is another leg lower on the horizon?

Well, Trump's tariffs are not going away. In fact, they're on Canada's doorstep. And that was enough to send USD/CAD to a 5-year high late in the day on Thursday, which only adds to the excitement of month end flows and messy price action.

Wednesday’s inflation figures are the standout event for RBA watchers, as it could decide whether the RBA pull the trigger and cut rates in February. But if they fail to confirm the dovish excitement generated from the monthly report, AUD/USD runs the risk of a short-covering rally.

This will be the first formal FOMC meeting of President Donald Trump’s second term - what you need to know!

The US dollar forecast remains modestly bullish in our view, because of Trump’s inflationary policies. The fact that it has weakened a little in recent days is more of a reflection of the relief rally that some currencies like the euro have enjoyed.

Is the US dollar’s reign nearing its end? EUR/USD breaks higher while USD/JPY flirts with a key uptrend following the BoJ’s hawkish hike. A shift could be underway—are you ready?

The BOJ delivered the full 25bp hike as expected, which takes their interest rate to a 17-year high of 0.5%. Data released a few hours before the BOJ’s hike showed that Japan’s core CPI rose to a 16-year high, and the BOJ cited the fact that many firms have said they will continue to raise rate this year. And it is these growing wage pressures which have forced the BOJ to increase their price forecasts for fiscal year 2025 and 2026.

You don’t need a degree in economics to see Trump’s demands for lower rates flies in the face of a strong US economy. And with Trump likely to try and strong arm the Fed into lower rates, we’re back onto the topic of Fed independence.

USD/JPY may be consolidating for now, but not for much longer if the ~230-pip implied volatility range is correct. And with a 25bp hike expected from a central bank notorious for not sticking with market consensus, nothing should be taken for granted.

AUD/USD drifts in a tight range as traders weigh Trump’s tariff games and a pivotal BoJ decision. With momentum indicators flashing bullish signals, will a breakout finally take hold, or is another Trump twist looming to spark turmoil?

The key takeaway point was that he used a much softer tone regarding tariffs, while wanting to bring down interest rates and crude oil prices. His words helped to soothe investor nerves further, allowing the likes of the euro, yuan and Canadian dollar to rise against the US dollar, with the latter also weighed down by a bigger-than-expected rise in jobless claims data. The EUR/USD forecast has therefore taken a boost.