WM MarketsNews & Research Blog - Forex & CFD Market Analysis

EUR/USD inched higher during Asian and early European trading on Thursday, suggesting that the pullback from Monday’s spike high of 1.1009 may be coming to an end. The formation of a higher base around the 1.0900 zone supports a positive…
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USD/JPY surged higher on Wednesday as traders took profits from the steep fall of the past few days, driven by risk aversion that had boosted demand for the safe-haven yen. The Japanese currency had made an impressive rally of 8.5%…
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AUD/USD has picked up momentum on Wednesday following Monday’s spike low at 0.6348, the lowest level since early November 2023. The Australian dollar has benefited from the hawkish stance of the Reserve Bank of Australia (RBA) on…
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Cable started to gain traction and edged higher on Wednesday morning after its recent drop penetrated the rising daily cloud (cloud top at 1.2702) but found firm support at 1.2682 (100 DMA), where dips were repeatedly rejected. The…
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EUR/CHF edged higher in early trading on Wednesday, reflecting initial signals that risk appetite is gaining traction. The pair rebounded from a new multi-year low, which had been driven by a surge in risk aversion over the past few days…
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The Reserve Bank of Australia (RBA) kept rates unchanged during its policy meeting on Tuesday and ruled out the possibility of an interest rate cut this year. The RBA maintained rates at a 12-year high of 4.35% for the sixth…
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WTI oil prices came under pressure due to fresh demand concerns stemming from talks about a potential US recession, as disappointing US economic data support this scenario. This offset calming reassurances from US officials that the economy…
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Gold fell nearly 3% on Monday, primarily due to increased market volatility as traders liquidated profitable positions in gold to cover margin call shortages from losses in the stock markets. Despite today's significant drop, which marks…
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EUR/GBP's strong three-day rally, which saw the cross rise by 2.1%, began to lose momentum after reaching a fresh high of nearly three months on Monday (0.8596). Overbought daily indicators suggest that partial profit-taking may occur…
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BTC/USD plunged sharply during the Asian session on Monday, dropping by 10.7% and falling below the psychological 50K level for the first time since mid-February, reaching a new multi-month low. Mounting fears of a potential US recession…
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