WM MarketsNews & Research Blog - Forex Market Updates & Analysis

GBPJPY climbed to a one-month high on Monday, signaling an initial bullish continuation after breaking above the top of a month-long range at 192.16, which is reinforced by the 200DMA. A decisive break above this level would…
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Oil prices continued to decline in early Monday trading, extending Friday's 3% drop, which marked the biggest daily loss since August 14. The sentiment has further weakened due to renewed concerns about demand from the U.S. and China,…
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The U.S. personal consumption expenditures (PCE) price index, closely monitored by the Federal Reserve as its preferred inflation gauge, rose 0.2% in July, following a 0.1% increase in June, aligning with forecasts. The annualized PCE price…
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Gold maintains a firm tone, trading near its all-time high on Friday as it awaits the release of the U.S. PCE inflation data later today for fresh cues. The metal remains well-supported by strong demand—both as a safe haven and…
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The dollar index extended its recovery for a second consecutive day, supported by short covering as it approaches key support levels in the 100.29/21 zone (December 2023 low and 200-week moving average). Oversold conditions on the daily…
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UR/USD slipped on Wednesday after failing multiple times to break the 1.1200 resistance, though the pair remains in a consolidation phase as long as it holds above key pivots at 1.1124/14 (trendline support and rising 10DMA) and 1.1100…
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The AUD/USD reached a new 8-month high during the Asian session on Wednesday, boosted by a stronger-than-expected Australian July CPI. However, it has struggled to maintain gains above the 0.6800 level. The subsequent pullback, though…
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EUR/GBP broke below the Fibonacci support at 0.8439 (76.4% retracement of the 0.8382/0.8624 rally) and is now testing the strong support at 0.8424 (base of the thick daily cloud) as it extends a five-day steep decline from the…
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Gold edged lower on Tuesday morning after a two-day rally brought prices close to a new record high of $2,531. Traders are cautious, keeping the metal in an extended consolidation, though demand remains robust due to a weaker dollar…
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The recovery from the $71.46 low (August 21) has extended into a third consecutive day, accelerating on Monday following reports of a near-complete halt in oil production in Libya due to escalating political tensions. This development…
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