WM MarketsNews & Research Blog - Forex Market Updates & Analysis

The latest data on the UK economy shows steady growth in the second quarter of 2024, with GDP expanding by 0.6%, aligning with economists' expectations. This growth follows a stronger 0.7% rebound in the first quarter, which…
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China's latest economic data highlights the uneven nature of its recovery, with industrial production slowing for the third straight month in July while the consumer sector shows signs of improvement. Industrial output grew by 5.1%…
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U.S. inflation rose moderately in July, with the annual rate dropping below 3% for the first time since early 2021, reinforcing expectations that the Federal Reserve might cut interest rates next month. The Consumer Price Index (CPI)…
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AUDUSD remains constructive, consolidating Tuesday’s 0.80% advance. Although the RBNZ’s 25 basis point rate cut this morning negatively impacted the Aussie dollar, the dips were limited by strong near-term bullish sentiment driven…
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Cable dropped 0.35% following weaker-than-expected UK inflation data for July. Despite the BoE's anticipation of rising inflation after CPI held at the 2% target for two months, the disappointing July figure has heightened expectations…
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Inflation in Great Britain rose to 2.2% in July, up from the BoE’s 2% target for the previous two months, but came in below economists' expectations. Services inflation, which is closely monitored by the Bank of England, decreased to 5.2%…
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A report from the German ZEW economic research institute, released on Tuesday, revealed a sharp decline in investor sentiment in August. The ZEW economic sentiment index dropped to 19.2 points, down from 41.8 in July, significantly missing…
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EURUSD remains within a narrow range, capped by Fibo resistance at 1.0933 (61.8% retracement of 1.1139/1.0601), as markets await this week’s key event—the US inflation report. The upcoming release of German ZEW economic sentiment for…
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BTCUSD firmed up on Monday, recovering part of Friday’s losses, but upside attempts remain capped by the key psychological 60K barrier, suggesting gains might be short-lived. The near-term outlook maintains a slight bullish bias while…
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AUDUSD climbed 0.5% in Asian and European trading on Monday, fully reversing Friday's decline and signaling a potential bullish continuation. The fresh surge tested critical resistance in the 0.6600 zone, where the 200/100DMA convergence…
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