Interest rates: the force behind currency moves
Why the gap between central bank policies matters more than a rate decision alone.
Read insightYour perspective on global forexGlobal markets.
Global markets.
Clear insights.
Stay a step ahead.
Make sense of the world’s currencies. Explore forex insights, understand the forces behind market moves, and build your knowledge with Capital.
✓ Global perspective✓ Clear explanations✓ Open access
C Capital marketsIllustration
EURO / US DOLLAR
EUR/USD ↗
1.0842+0.24% ↗
08:0010:0012:0014:00
Market context, at a glance↗
Illustrative data · not live market prices
FX
Currency market insights
Macro
The context behind the moves
Learn
Knowledge for every level
Global
One connected perspective
THE CAPITAL BRIEF
A little context.
A clearer picture.
Thoughtful reading on currencies, economics, and the fundamentals. Start with what matters to you.
Understanding the US dollar’s global role
Explore how liquidity, international trade, and risk sentiment shape the dollar narrative.
Read insightHow to read an economic calendar
A practical guide to inflation releases, jobs reports, and the numbers behind the headlines.
Read insightRisk comes first: a guide to leverage and volatility
Understand exposure, spread, and the limits of a stop order before following the market.
Read insightOne market, different rhythms: forex trading sessions
Get to know the Asia, Europe, and North America sessions and why timing adds context.
Read insightCurrency pairs, explained without the jargon
Base currencies, quote currencies, and pips: start with the building blocks.
Read insightCURRENCY MARKETS
See the connections.
Understand the context.
Every currency tells a story. Interest rates, economic releases, and global sentiment help explain how those stories connect.
- ✓ Explore major currency pairs and quotation conventions
- ✓ Understand central bank policy and economic data
- ✓ Put price movements into a broader perspective
A world of currencies
PAIR GUIDEEUR/USDEuro / US Dollar
¥USD/JPYUS Dollar / Japanese Yen
£GBP/USDBritish Pound / US Dollar
A$AUD/USDAustralian Dollar / US Dollar
Discover the basics behind each quotation.
BUILD YOUR KNOWLEDGE
Your next insight starts here.
A straightforward introduction to a complex market.
Learn at your own pace, one concept at a time.
01
Start with the fundamentals
Learn how currency pairs, bid and ask prices, and pips work.
Explore the guide ↗02
Read the bigger picture
Connect economic releases and policy decisions with the currency narrative.
Explore the guide ↗03
Understand the risks
Get familiar with leverage, volatility, and the limits of execution.
Explore the guide ↗THE CAPITAL PERSPECTIVE
Information that helps you think.
Capital brings forex concepts into focus with accessible reading and a considered approach to market information.
Context first
Look beyond a price move to the economic forces around it.
Learn continuously
Build a foundation with clear, practical explanations.
Know the limits
Educational insights are not personalized investment advice.
Make room for a clearer perspective.
Explore the ideas behind the world’s currency markets.