WM MarketsNews & Research Blog - Forex Market Updates & Analysis

USD/JPY continues to trade within the daily Ichimoku cloud (144.43–145.59), and remains confined between the Tenkan-sen and Kijun-sen lines, with the Kijun-sen (145.38) acting as a cap on today’s price action. The near-term technical…
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Gold Price Inches Higher After Testing Key Support, But Recovery Remains Fragile Gold prices edged higher in early European trading after slipping to a fresh one-week low. The metal broke below strong support around the $3300 level—a key…
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Gold is trading within a narrow range during Friday’s European session, maintaining a constructive tone despite Thursday’s sharp rejection at the pivotal $3400 level and a daily close in the red. The near-term price action remains centered…
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Hiring in the U.S. private sector slowed significantly in May, with only 37,000 new jobs added—well below the consensus estimate of 111,000 and down from April’s downwardly revised figure of 60,000 (previously 62,000). This marks the…
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Gold prices traded within a narrow range on Wednesday, maintaining a bullish bias following a shallow corrective dip on Tuesday. The broken Fibonacci level at $3,355 (61.8% retracement of the $3,200–$3,120 pullback) has now turned into a…
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Inflation in the Eurozone eased to 1.9% in May, down from 2.2% in April and below the consensus forecast of 2.0%. The slowdown was driven by a drop in energy prices and a marked decline in services inflation. Core inflation—which excludes…
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WTI oil prices surged by approximately 3.7% on Monday, reaching their highest level in nearly two weeks and heading for the largest daily gain since April 9. The latest rally broke into the daily Ichimoku cloud (ranging from \$62.83 to…
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Gold prices jumped sharply in early Monday trading, opening with a gap higher as markets reacted to the intensifying war in Ukraine, fresh threats from former President Trump to double tariffs on steel and aluminum imports, and the victory…
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Cable remains under pressure on Wednesday following Tuesday’s pullback from a new multi-month high of 1.3593, which briefly breached the key psychological support at 1.3500. The pair dipped to 1.3461 early today but quickly rebounded…
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A strong rebound on Tuesday is signaling an initial trend reversal on the daily chart and suggests the potential for a deeper short squeeze. The pair is poised to challenge the recent downtrend, especially if it secures a daily close above…
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