WM MarketsNews & Research Blog - Forex Market Updates & Analysis

USDJPY continues to retreat from a fresh multi-week high of 148.64 for the second consecutive day, as overbought conditions triggered profit-taking. The broader uptrend encountered strong resistance from the descending daily Ichimoku…
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The US consumer price index rose by 0.2% month-over-month in April, following a 0.1% decline in March (the first negative figure in five years), falling short of the expected 0.3% increase. Year-over-year inflation rose by 2.3% in April,…
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The Dow Jones surged to its highest level in nearly six weeks at the start of Monday's US session, building on a strong gap-higher open in Asia and advancing around 1.3% since then. The rally was fueled by a new trade deal between the US…
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WTI oil prices surged over \$2 on Monday following the successful US-China trade talks over the weekend, which eased tensions and signaled progress toward resolving the trade conflict between the world’s two largest oil consumers. The…
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Gold prices dropped roughly 2.5% at the start of the week, pressured by positive developments, including the US-China trade deal and an India-Pakistan ceasefire, which dampened safe-haven demand. Optimism over avoiding a disastrous…
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Bitcoin extends its upward momentum, reaching its highest level in nearly three and a half months on Friday, following Thursday’s 6.7% surge—the strongest daily gain since March 2. Positive sentiment was bolstered by the announcement of…
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WTI oil maintains a firm tone, striving to sustain gains above the critical \$60 level (a psychological barrier and the 50% Fibonacci retracement of the \$64.70/\$55.14 decline). Prices climbed around 4% on Thursday, fueled by renewed…
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The dollar index eased slightly on Friday after reaching a one-month high but maintained a constructive tone, as the recent bullish momentum broke through and stabilized above the key psychological level of 100, which had repeatedly acted…
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Bitcoin maintains a strong upward trajectory, approaching the psychological $100K mark as the current bullish rally extends for a third consecutive day, gaining momentum from the recent low of $93,352 (May 6). Positive market sentiment has…
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The Bank of England (BOE) reduced its main interest rate by 25 basis points on Thursday, lowering it from 4.50% to 4.25% during its May monetary policy meeting. This decision, widely anticipated by markets, comes as the central bank…
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