WM MarketsNews & Research Blog - Forex Market Updates & Analysis

GBP/USD broke above the psychological 1.30 level on Tuesday, marking its first push beyond this barrier since July 17/18. The rally from the August 8 low of 1.2664—where the rising daily cloud halted the previous downtrend and triggered…
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The dollar index dropped to a new multi-month low on Tuesday, continuing its steep decline for the third consecutive day. Short-term sentiment remains bearish amid renewed risk appetite, as markets have fully priced in a 25 basis point…
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EUR/USD reached a new 2024 high of 1.1088 on Tuesday, but signs of fatigue are emerging among bulls following a strong rally over the past two days. Fundamentals remain supportive, with the Eurozone’s trade surplus widening…
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China’s decision to keep its benchmark lending rates unchanged in August aligns with market expectations and highlights the challenges facing the country's banking sector. The one-year Loan Prime Rate (LPR) remains at 3.35%, while the…
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AUD/USD climbed to its highest level in nearly a month on Monday, building on Friday’s 0.9% gain and a 1.5% rise last week. The pair is now in its third consecutive week of strong gains, with the recent acceleration driven by…
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USD/JPY extends its decline on Monday, signaling that the corrective phase from the 141.68 low (August 5 spike) may be coming to an end. The rally from 141.68 faced repeated resistance at the key Fibonacci level of 149.36 (38.2%…
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The dollar index remains deep in negative territory in early Monday trading, extending Friday’s 0.93% decline and breaking key support at 101.94 (the August 5 low, marking an eight-month low). The dollar weakened broadly amid renewed…
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EUR/USD maintains a strong tone at the start of the week, extending gains above the key 1.10 psychological level after closing above it last week for the first time since late December. Bulls also cleared the 1.1012 Fibonacci resistance…
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Gold surged on Friday, reaching a record high of $2,500 as fresh market turbulence boosted demand. Stronger-than-expected U.S. economic data outweighed the impact of a much weaker July jobs report, brightening the economic outlook.…
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The pound reached its highest level since July 25 on Friday, driven by improved risk sentiment following positive U.S. economic data on Thursday, including jobless claims and retail sales, as well as strong UK retail sales that eased…
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