WM MarketsNews & Research Blog - Forex Market Updates & Analysis

GBPUSD fell to a two-week low on Wednesday following weaker-than-expected UK February inflation data, reinforcing expectations of a Bank of England rate cut in May. Fresh losses are testing support at 1.2883 (20DMA / last Friday’s low),…
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EURUSD edged higher on Tuesday after a four-day pullback from its multi-month peak at 1.0954, where the rally stalled just below key Fibonacci resistance at 1.0969. The decline found temporary support at 1.0771, the 23.6% retracement of the…
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USDJPY maintains a bullish tone, once again testing key resistance levels at 149.80/150.00 (bear-channel upper boundary/psychological) on Monday after facing a double rejection at 150 last week. The technical outlook is improving on the…
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Gold remains range-bound at the start of the week but stays constructive above the key $3000 level (psychological support / 10DMA). The recent pullback from the record high of $3057 found strong support at $3000, reinforced by Friday’s…
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EUR/USD remains in the red for the second consecutive day on Thursday, extending its pullback from a fresh five-month high. A double rejection below Fibonacci resistance at 1.0969 (76.4% retracement of the 1.1214–1.0177 downtrend) and…
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Gold retreats from its new all-time high of $3,057 on Thursday, as overbought daily conditions triggered partial profit-taking, while a stronger dollar added pressure on prices. The metal surged past the $3,000 milestone after a period…
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Data released on Wednesday revealed that eurozone inflation for February was revised down to 2.3% from the initial estimate of 2.4%, mainly due to adjustments in Germany’s figures. This revision aligns with economists' expectations and…
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USD/JPY tested the key 150 barrier again early Wednesday, challenging the psychological level, the upper boundary of the bear channel, and the 30-day moving average. This move offset the initial bearish signal from Tuesday’s inverted…
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Gold surged past the $3,000 mark again on Tuesday, setting a new record high. Escalating geopolitical tensions, fueled by renewed attacks in the Gaza region, a deepening political crisis between the US and the European Union, and growing…
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AUD/USD climbed to a two-week high on Monday, extending gains amid a weaker dollar and renewed optimism following signals of China’s stimulus plan to boost domestic consumption. Fresh bullish momentum has pushed the pair through the key…
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