WM MarketsNews & Research Blog - Forex Market Updates & Analysis

Cable remains under pressure on Wednesday following Tuesday’s pullback from a new multi-month high of 1.3593, which briefly breached the key psychological support at 1.3500. The pair dipped to 1.3461 early today but quickly rebounded…
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A strong rebound on Tuesday is signaling an initial trend reversal on the daily chart and suggests the potential for a deeper short squeeze. The pair is poised to challenge the recent downtrend, especially if it secures a daily close above…
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Gold prices slipped on Tuesday morning as the dollar strengthened broadly. Fresh pressure followed a double rejection at the key Fibonacci resistance at \$3355 (61.8% of the \$3500–\$3120 drop), with an overbought stochastic adding to the…
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NZDUSD surged to a new 2025 high on Monday, extending Friday’s 1.9% rally, fueled by fresh US tariff threats on Apple and the European Union, followed by a policy U-turn with the EU that weakened the US dollar and boosted risk appetite.…
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EURUSD climbed to a one-month high on Monday, lifted by the latest twist in the US-EU tariff dispute. Markets reacted positively after President Trump unexpectedly postponed the implementation of 50% tariffs on all EU imports—from an…
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USDJPY extended its decline on Friday, weighed by President Trump’s renewed threat of a 25% tariff on Apple phones produced overseas and stronger-than-expected Japanese inflation in April, which raised doubts about the Bank of Japan’s…
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Cable rose 0.5% on Friday morning and broke above the psychological 1.3500 level, reaching its highest point since February 2022. The latest advance was driven by stronger-than-expected UK retail sales in April, which lifted risk…
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Preliminary PMI surveys for May revealed that business activity in the eurozone unexpectedly fell back into contraction territory, raising concerns about the region’s economic momentum. The services sector, which dominates the bloc’s…
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Bitcoin surged past its previous all-time high and the key psychological barrier at $110K on Thursday, reaching a new record just below $112K. The rally was fueled by renewed optimism around potential progress in crypto regulation, which…
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GBP/USD eased towards the 1.3400 area on Wednesday after a strong rally driven by hotter-than-expected UK inflation data briefly pushed the pair above the 2024 and 2025 highs (1.3434/1.3444), hitting a fresh three-year peak at 1.3468.…
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