WM MarketsNews & Research Blog - Forex & CFD Market Analysis

AUDUSD remains in extended consolidation around the base of a thick daily cloud (0.6538) and above the pivotal Fibo support at 0.6528 (61.8% of 0.6362/0.6798), following a steep decline over the past nine days. While the bears take a…
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EURUSD edged higher on Tuesday morning after Monday's significant drop was cushioned by strong support at 1.0807 (daily Kijun-sen / 50% retracement of 1.0666/1.0948 rally) and failed to close below the converged 55/200DMA’s…
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BTCUSD surged on Monday, climbing 2.8% by early US trading, buoyed by dovish positions from major central banks and comments from Republican presidential candidate Donald Trump, who pledged more favorable regulations for the crypto…
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The British pound continued to decline at the start of the week following a brief consolidation on Friday. Current market bets indicate a 60% chance of a rate cut by the Bank of England at Thursday's policy meeting, putting…
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WTI oil opened higher on Monday due to escalating supply concerns following the latest developments in the Middle East conflict, which threaten to deepen the crisis. The price rebounded from last week’s low, retracing approximately 50%…
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The US personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge for monetary policy, edged up by 0.1% in June following a flat reading in May. On an annualized basis, the PCE price index increased…
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Gold prices increased on Friday as traders took profits from a sharp decline over the past two days, which saw a nearly 3% drop. The significant downturn on Thursday was triggered by strong US Q2 GDP numbers. The top of the daily…
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USD/JPY held a slight bullish bias on Friday, hinting at a potential reversal after Thursday's larger bearish movement stalled. This led to the formation of a long-tailed Doji candlestick, bouncing from a new multi-week low and creating a…
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The dollar index rose slightly on Friday morning, remaining within a volatile range for the sixth consecutive day. The long tails on the daily candles over the past two days and consistent closes above the upward-turning 10-day…
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The US economy's acceleration in the second quarter of 2024, paired with easing inflation, presents a multifaceted scenario for policymakers and financial markets. GDP growth at an annualized rate of 2.8%,…
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