WM MarketsNews & Research Blog - Forex Market Updates & Analysis

Gold extended its strong recovery into a second consecutive day, reaching a two-week high on Tuesday. The price broke through the 61.8% Fibonacci retracement of the \$3,500–\$3,201 pullback (\$3,286) and neared the psychological \$3,400…
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Data released Monday showed that the U.S. services sector expanded at a faster pace in April, driven by a sharp rise in new orders and input prices, with costs for materials and services climbing to their highest levels in over two years.…
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Gold surged over 2% on Monday, buoyed by a weaker dollar and ongoing uncertainty surrounding the US-China trade dispute, which reignited safe-haven demand. The strong rebound came after repeated failures to break below key support at…
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WTI oil opened on Monday with a \$2 gap lower, reaching its lowest point since April 9, after OPEC+ announced over the weekend that it would increase oil production by 411,000 barrels per day starting in June. This decision marks the…
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Inflation in the Eurozone held steady at 2.2% in April, slightly above expectations for a 2.1% increase. Core inflation—which excludes volatile food and energy prices—rose to 2.7% from 2.4% in March, surpassing forecasts of a 2.5% gain.…
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Gold fell 1.6% during thin holiday trading in Asia on Thursday, reaching a two-week low as renewed risk appetite—driven by easing trade tensions—continued to erode the metal's safe-haven appeal. A decisive break below the key $3300…
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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…
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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.…
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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…
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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…
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