WM MarketsNews & Research Blog - Forex & CFD Market Analysis

The US dollar weakened broadly on Friday following the highly anticipated speech by Fed Chair Powell at the Jackson Hole symposium. Although Powell did not specify the magnitude or pace of potential rate cuts, he reaffirmed that the Federal…
Read More...

Gold regained momentum on Friday, recovering nearly half of Thursday’s 1.1% decline that had breached and closed below the psychological $2500 level. Support around the previous range’s top at the $2480 zone held firm, containing…
Read More...

The dollar index edged higher in early European trading on Thursday, rebounding from its lowest level since December 23, which was reached following the release of the FOMC's July policy meeting minutes. The minutes revealed that US…
Read More...

The Federal Reserve is signaling a likely interest rate cut in September, as revealed in the minutes from the July 30-31 Federal Open Market Committee (FOMC) meeting. Although the Fed kept its benchmark rate unchanged at 5.25%-5.50%, the…
Read More...

EUR/USD momentum has slowed after a steep three-day rally that hit a new 2024 high at 1.1132, just shy of December 2023’s peak at 1.1139. The euro continues to benefit from risk appetite and a weaker dollar driven by Fed rate cut…
Read More...

Bears are pausing after a sharp three-day decline, during which oil prices dropped 5%, driven by easing tensions in the Middle East and a rise in U.S. crude inventories (as per the API report). Oversold daily indicators and…
Read More...

Gold remains strong, consolidating just below its new record high of $2,531 set on Tuesday, with a third consecutive daily close above the $2,500 mark, signaling a potential breakout. The metal continues its steep multi-month uptrend,…
Read More...

GBP/USD broke above the psychological 1.30 level on Tuesday, marking its first push beyond this barrier since July 17/18. The rally from the August 8 low of 1.2664—where the rising daily cloud halted the previous downtrend and triggered…
Read More...

The dollar index dropped to a new multi-month low on Tuesday, continuing its steep decline for the third consecutive day. Short-term sentiment remains bearish amid renewed risk appetite, as markets have fully priced in a 25 basis point…
Read More...

EUR/USD reached a new 2024 high of 1.1088 on Tuesday, but signs of fatigue are emerging among bulls following a strong rally over the past two days. Fundamentals remain supportive, with the Eurozone’s trade surplus widening…
Read More...