WM MarketsNews & Research Blog - Forex Market Updates & Analysis

AUDUSD edged lower on Tuesday following the Reserve Bank of Australia’s widely anticipated 25 basis point rate cut. The decline erased Monday’s gains and pushed the pair toward the lower end of the 0.6350–0.6500 consolidation range, as…
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The Reserve Bank of Australia lowered its cash rate by 25 basis points to 3.85% from 4.10% during its May policy meeting, aligning with market expectations. Policymakers justified the move by pointing to easing inflation and reduced…
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BTCUSD experienced a sharp decline on Monday, dropping 5K in a swift pullback from the session's spike high around the 107K zone. The negative reaction followed the US credit rating downgrade, pushing Bitcoin towards the lower end of its…
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USDJPY extends its decline for the fifth consecutive session, pressured by a double rejection at the 148.49 Fibo barrier (76.4% of the 151.15/139.88 decline) and a bull-trap formation, which triggered a shift in direction. The drop is…
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GBPUSD surged nearly 100 pips on Monday morning, driven by a weaker dollar following the unexpected US credit rating downgrade and the recent EU/UK defense agreement. The fresh advance is challenging the three-day consolidation range,…
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The dollar index remained confined within a tight range on Friday, trading a few hundred pips below the recent one-month high of 101.76, yet maintaining a bullish stance above the critical 100 level. The index is set for a second…
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WTI oil prices dropped over 3% on Thursday morning as optimism faded following positive news on US-Iran nuclear talks, which could lead to easing sanctions on Iranian oil exports, and a sharp unexpected rise in US crude inventories,…
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GBP/USD maintains a strong short-term outlook, extending its rebound following Tuesday’s 1% surge, which generated a positive signal by retracing over 50% of the 1.3444/1.3139 pullback and forming a bullish engulfing pattern on the daily…
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Gold prices tumbled on Wednesday, breaching key support levels as optimism surrounding the US-China trade agreement reduced fears of a broader economic crisis, overshadowing safe-haven demand. Renewed risk appetite drove gold below…
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USDJPY continues to retreat from a fresh multi-week high of 148.64 for the second consecutive day, as overbought conditions triggered profit-taking. The broader uptrend encountered strong resistance from the descending daily Ichimoku…
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