WM MarketsNews & Research Blog - Forex Market Updates & Analysis

Gold Holds at $3300 Support as Market Awaits Next Move Gold extended losses for a second consecutive day on Wednesday, sliding to the $3300 support zone in early trading, continuing a sharp pullback from Tuesday’s record high at $3500.…
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Bulls are showing early signs of fatigue as GBPUSD edges closer to the key resistance at 1.3434 — the 2024 high from September 26 — after repeatedly failing to sustain moves above the 1.3400 mark. Heavily overbought conditions on the…
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USDJPY saw a slight uptick on Tuesday after bears broke the psychological 140 support level, reaching a new multi-month low at 139.88, and came close to testing the key mid-term support at 139.57, the 2024 low from September 16. Partial…
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Gold surged dramatically since Monday's opening at $3333, reaching $3500 by Tuesday morning, marking a 5% increase in just over 24 hours. The rally that began at the start of the year shows no signs of slowing down, with gold climbing…
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Japan’s core consumer price index — which includes oil products but excludes fresh food — rose by 3.2% in March, matching forecasts but accelerating from 3.0% in February. The increase was mainly driven by a persistent rise in food…
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WTI crude marked its second consecutive weekly gain, rising 3.3% this week, buoyed by growing optimism over easing trade tensions between the United States and the European Union, the prospect of a possible deal, fresh U.S. sanctions on…
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The dollar index remains stuck in a narrow consolidation just above fresh multi-month lows, extending its sideways movement into a fifth consecutive session. Larger bearish momentum is taking a breather following a steep two-week slide,…
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China’s economy expanded at a faster-than-expected pace in the first quarter, supported by strong industrial output and resilient consumer spending, which together drove upbeat early-year performance. Gross domestic product rose 5.4%…
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Gold surged past the key psychological barrier at $3300, setting a new record high on Wednesday morning, as escalating tensions in the US-China trade war triggered a renewed rush into safe-haven assets, with additional support coming from a…
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AUDUSD extended its strong rally into a fifth consecutive session on Tuesday, reaching a two-week high, as continued weakness in the US dollar and firmer commodity prices provided solid support for the Aussie dollar. The technical…
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