WM MarketsNews & Research Blog - Forex Market Updates & Analysis

The Dollar Index remained mildly bid on Wednesday, edging higher after data showed the U.S. economy contracted in the first quarter—contrary to expectations for modest growth—though results came in better than some major U.S. banks had…
Read More...

Gold remains in the red for a second straight session, once again testing the key $3300/$3292 support zone (psychological level / 38.2% Fibonacci retracement of the $2956–$3500 rally), where previous attempts to break lower have failed.…
Read More...

WTI crude remained in the red for a second straight session, extending losses on Tuesday as fading hopes for progress in US-China trade talks weighed on sentiment. The initial optimism surrounding trade negotiations gave way to renewed…
Read More...

USD/JPY edged higher early Tuesday, recovering slightly after Monday’s 1.1% drop, which came on the heels of repeated upside rejections below key dual Fibonacci resistance at 144.13/21 (the broken 76.4% retracement of the 139.57–158.87…
Read More...

Cable edged higher early Monday, pressuring the pivotal 1.3350 barrier (the 61.8% Fibonacci retracement of the 1.3423–1.3232 pullback and the former recovery peak from April 24). A series of higher lows since the 1.3232 correction low,…
Read More...

Gold prices fell on Friday after failing to reclaim key resistance levels at $3,371 (broken 23.6% Fibonacci retracement of the $2,956–$3,500 rally) and the psychological $3,400 mark—signaling that the corrective phase from the all-time high…
Read More...

USDJPY remains supported, as the rebound from the multi-month low at 139.88 continues to hold above the broken Fibonacci level at 142.55 (23.6% of the 151.20–139.88 decline, reinforced by the 10-day moving average) for a third straight day.…
Read More...

WTI crude edged higher on Thursday, partially recovering from the previous day’s sharp 2.4% drop, following signals from OPEC suggesting additional output increases starting in June. However, the rebound remains limited, weighed down by…
Read More...

EUR/USD gained early Thursday, indicating renewed strength from the broader bullish trend after a two-day pullback from the recent four-year high at 1.1573 found solid support near the 1.1300 area. The near-term outlook remains strongly…
Read More...

Data released on Wednesday showed that the U.S. Flash Composite PMI Index—which measures activity across both the manufacturing and services sectors—fell to 51.2 in April, down from 53.5 in March, marking the lowest reading since December…
Read More...