WM MarketsNews & Research Blog - Forex Market Updates & Analysis

Brent crude surged to a fresh multi-week high on Tuesday as renewed tensions in the Middle East threatened to further disrupt limited oil flows through the strategic Strait of Hormuz. Prices moved closer to the psychologically…
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USD/JPY came under renewed selling pressure at the start of the week, falling more than 1% during Asian and European trading on Monday as the pair attempted to resume last week's sharp downturn after a brief pause on Friday. The…
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Gold came under heavy selling pressure on Friday, falling by nearly $100 after a surprisingly strong U.S. nonfarm payrolls report eased concerns about the health of the labor market and strengthened expectations that the Federal Reserve…
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U.S. nonfarm payrolls posted a surprisingly strong increase of 162,000 jobs in August, far exceeding market expectations for a gain of 55,000 jobs. Additionally, July's reading was revised higher to 21,000 from the previously reported…
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EURJPY remains under heavy pressure, extending its steep selloff into a second consecutive session, with the pair down 1.3% during Thursday's Asian and European trading hours and posting cumulative losses of more than 2%. The Japanese…
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Brent crude eased into consolidation mode on Wednesday after surging 4.7% in the previous session, its strongest daily advance since July 23. Prices held just below a fresh multi-week high of $96.99, supported by escalating tensions between…
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Eurozone inflation accelerated to 3.3% in August, marking its highest level since September 2023 and rising from 2.9% in July, as renewed tensions in the Middle East drove energy prices higher and added fresh upward pressure on consumer…
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Gold remains under pressure on Monday, though the recent selloff appears to be stabilizing around the $4,400 area, where Fibonacci 38.2% retracement support of the $3,942 to $4,697 rally converges with the 20-day moving average. The…
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AUD/USD remains well supported near its highest level in three and a half months on Friday, putting the pair on course for a ninth consecutive weekly gain and a second straight monthly advance. The Australian dollar continues to draw…
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EUR/USD remains trapped in an extended consolidation phase below its fresh 3½-month high of 1.1711, while holding firmly above the recently breached Fibonacci barrier at 1.1648, representing the 61.8% retracement of the 1.1849-1.1324…
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