WM MarketsNews & Research Blog - Forex Market Updates & Analysis

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,…
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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…
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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.…
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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…
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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…
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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…
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Bitcoin surged to its highest level since early March on Wednesday, marking a strong three-day rally that signals a potential continuation of the recovery from the 2025 low at 74,389. The fresh bullish momentum followed a brief period of…
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Gold Holds at $3300 Support as Market Awaits Next Move Gold extended losses for a second consecutive day on Wednesday, sliding to the $3300 support zone in early trading, continuing a sharp pullback from Tuesday’s record high at $3500.…
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Bulls are showing early signs of fatigue as GBPUSD edges closer to the key resistance at 1.3434 — the 2024 high from September 26 — after repeatedly failing to sustain moves above the 1.3400 mark. Heavily overbought conditions on the…
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USDJPY saw a slight uptick on Tuesday after bears broke the psychological 140 support level, reaching a new multi-month low at 139.88, and came close to testing the key mid-term support at 139.57, the 2024 low from September 16. Partial…
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