WM MarketsNews & Research Blog - Forex Market Updates & Analysis

Cable Remains in the Red Early Friday; Bears Face Resistance at Daily Cloud Top, Awaiting US Labor Data GBPUSD continued to decline on Friday morning, following a 0.9% drop on Thursday, marking the biggest daily loss since…
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Gold prices climbed to a two-week high of $2462 on Thursday but showed signs of potential stall, as recent gains from $2353 formed a long-legged Doji on the daily chart. The overbought conditions suggest that bulls might pause before…
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Cable traded erratically with only a minor decline following the BOE rate cut but regained momentum after US jobless claims came in much higher than expected. The pair bounced back above the 1.2800 mark after dropping to a…
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The Bank of England cut interest rates by 25 basis points to 5% on Thursday, aligning with forecasts, after British consumer price inflation returned to the BoE’s 2% target in May and remained there in June, down from a multi-decade high of…
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USDJPY continues its steep decline, breaking through the psychological 150 support and reaching its lowest level since mid-March in early Thursday trading. The dollar was weakened by a dovish Federal Reserve, which kept interest rates…
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GBPJPY dropped 1.7% on Wednesday, continuing its steep downtrend and heading for the biggest daily drop since July 12, 2023. This decline follows the Bank of Japan's rate hike, which further strengthened the yen, while the sterling remains…
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EURUSD rebounded on Wednesday after repeatedly testing the 1.0800 support zone (50% retracement of the 1.0666/1.0948 rally / daily Kijun-sen), indicating the formation of a bear trap. The fresh gains were driven by higher-than-expected…
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Euro zone inflation unexpectedly rose in July, ticking up to 2.6% from 2.5% in June, surpassing forecasts that anticipated an unchanged rate. The core CPI, the ECB’s key measure of underlying price growth that excludes volatile components…
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The USDJPY accelerated lower in early European trading on Wednesday following the Bank of Japan's decision to raise interest rates from 0.10% to 0.25% and unveil a plan to halve its bond-buying program. This move boosted the yen's…
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The Bank of Japan’s unexpected decision to raise interest rates and reduce its massive bond-buying program marks a significant shift in its monetary policy stance. This move has various immediate and…
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