WM MarketsNews & Research Blog - Forex Market Updates & Analysis

WTI oil prices edged lower in early Monday trading, following last week’s repeated failures to break through the base of the daily Ichimoku cloud at $79.00. This created a weekly bull-trap, prompting partial profit-taking among traders.…
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Bitcoin emerged as the top performer at the start of the week, exhibiting wild price swings from below 100K to a new record high of 109,582 during Monday’s Asian session. Euphoria surrounding President Trump’s inauguration and his…
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Gold prices retreated from a five-week high on Friday, as profit-taking emerged at the week's end following a three-day rally. The metal remains supported by softer-than-expected US core inflation data for December, which has bolstered…
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BTCUSD continues its upward trajectory for the fourth consecutive day, poised to secure a decisive break above the key $100,000 level. This psychological barrier is reinforced by the top of the daily Ichimoku cloud and a descending…
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BTC/USD experienced a swift rebound after a strong downside rejection at the key $90,000 support zone, breaking through the psychological $100,000 barrier and signaling a resurgence of bullish momentum. Market sentiment improved on news…
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The GBP/USD pair faced renewed pressure on Tuesday, edging closer to retesting its multi-month low of 1.2099 after multiple failed attempts to sustain a recovery near the 1.2250 zone. Bearish momentum resumed after a brief correction,…
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WTI oil prices surged to a new multi-month high of $78.66 on Monday, the highest level since August 14, as a strong bullish rally from the $72.83 higher low extended into its third consecutive day. The latest U.S. sanctions targeting…
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The U.S. labor market showed surprising strength in December, closing the year on a solid footing. Nonfarm payrolls rose by 256,000, far surpassing economists’ forecasts of a 160,000 increase. This followed a revised gain of 212,000 in…
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The AUDUSD remains firmly in the red, testing key support at 0.6170 (the 2022 low) after a brief recovery was repeatedly rejected above the declining 20DMA, forming a double bull trap on the daily chart. Bearish daily studies continue to…
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The GBPUSD pair dropped to a 14-month low on Thursday morning, with the steep bearish trend from the 1.2575 lower high extending into a third consecutive session. The pound's weakness was driven by a stronger dollar, concerns over…
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