WM MarketsNews & Research Blog - Forex Market Updates & Analysis

GBP/USD extended its decline on Friday, remaining in the red for the third consecutive session as a stronger dollar and unexpectedly weak UK October GDP figures weighed on the pair. The fresh weakness tested support at 1.2618 (last…
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EUR/USD – Post-ECB trading remains choppy, with the pair confined to a 50-pip range, offering little clarity on near-term direction. The European Central Bank’s 25-basis-point rate cut and dovish tone, signaling openness to further…
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USD/CHF surged to a two-week high with a 0.8% jump on Thursday morning, following an unexpected 50 basis points rate cut by the Swiss National Bank (SNB), reducing the rate from 1% to 0.50%. The move surprised markets, which had anticipated…
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Oil prices remained relatively stable on Thursday as concerns over weak demand and a larger-than-expected rise in U.S. gasoline and distillate inventories offset gains driven by additional EU sanctions threatening Russian oil supplies.…
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AUD/USD declined on Tuesday morning after the Reserve Bank of Australia (RBA) kept interest rates steady at 4.35% but adopted a softer tone compared to its previous meeting. The RBA refrained from ruling out future policy moves, reviving…
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EUR/GBP remains on the back foot on Monday, retracing further from Thursday’s spike, indicating that the near-term correction (from the 0.8260 low) may be nearing its end. The broader downtrend continues to dominate, supported by firmly…
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Gold prices edged higher in early Monday trading, opening with a $10 gap up, driven by heightened geopolitical tensions and renewed demand. Investor sentiment shifted towards safety as Syrian rebels seized the capital, Damascus, and…
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EUR/USD is consolidating below its new one-week high, reached after a 0.8% jump on Thursday. The recent advance broke through the Fibonacci resistance at 1.0563 (38.2% of 1.0936/1.0332), following a recovery last week that stalled at…
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The dollar index traded within a tight range on Friday morning in anticipation of the U.S. non-farm payrolls (NFP) report but remained under pressure after dropping 0.5% in the previous session. This decline signaled initial bearish…
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Bitcoin surged past the monumental 100K mark on Thursday, setting a new all-time high in the 104K zone. A sharp rally of over 6% during the Asian trading session propelled Bitcoin beyond the upper boundary of its recent consolidation…
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