WM MarketsNews & Research Blog - Forex & CFD Market Analysis

In February, prices in the United States experienced a moderate rise, with the cost of services, excluding housing, showing a notable slowdown. This has kept market speculations alive regarding the possibility of…
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The cable market remains stagnant within an extended sideways trend, experiencing a narrow range as trading thins out for the Good Friday holiday. Current activity shows a fluctuation between the 200-day moving average at 1.2588 and a slim…
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Oil prices surged by over $1 per barrel on Thursday, concluding the month on a higher note due to several factors influencing the supply outlook. The rally was fueled by expectations of OPEC+ maintaining production cuts, persistent attacks…
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For the third consecutive day, the Euro has sustained losses, with a noticeable decline seen early on Thursday. It has breached significant support levels around the 1.0800/1.0790 area, which previously served as a higher base, coinciding…
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Last year saw the UK economy slipping into a recession, as indicated by a contraction of 0.1% in GDP during the third quarter, followed by a further decline of 0.3% in the fourth quarter, according to official statistics.…
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The USDCHF surged to its highest level in almost five months, extending its upward trajectory within a broader bullish channel and reaching a new multi-week peak on Wednesday, marking its highest point since November 2nd. Bullish…
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During the Asian session on Wednesday, USDJPY climbed to a slightly higher multi-decade high of 151.97, indicating a persistent bullish trend as the US dollar gained momentum from favorable US data released on Tuesday. The bullish…
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The price of gold saw a significant rise on Tuesday, pushing towards the psychological barrier of $2200. This surge was fueled by a weakening dollar amidst growing optimism regarding potential rate cuts by the Federal Reserve, coupled with…
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The British Pound is showing resilience in early Tuesday trading, buoyed by upbeat UK data from Monday and diminishing expectations of a rate cut by the Bank of England in May. The recent upswing has been supported by a double bounce off…
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Following a robust rally over the past couple of weeks, the USDJPY pair is currently undergoing a period of consolidation just below critical resistance levels at 150.90/94, corresponding to the highs of 2023/22. The surge in USDJPY can…
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