WM MarketsNews & Research Blog - Forex Market Updates & Analysis

GBP/USD advances for the second consecutive day, bolstered by better-than-expected UK services PMI (the dominant sector of the economy) released earlier today. Fresh bulls have cracked the psychological 1.2700 barrier and the…
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EUR/USD regained traction on Wednesday after experiencing wide swings without clear direction over the past two days. The fresh strength aims for a retest of pivotal barriers at 1.0768/71 (55 DMA / daily cloud base), which capped…
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Gold prices rose during early trading on Wednesday after being stuck in a narrow range for the past three days. The fresh strength pushed gold to its highest level in almost two weeks, though it has been moving within a broader…
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The US central bank needs more data before cutting interest rates to ensure that recent weaker inflation readings accurately reflect underlying price pressures, Federal Reserve Chair Jerome Powell said on Tuesday. Data for May…
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WTI oil price rose to a nine-week high on Tuesday, extending Monday’s strong rally (up almost 2.5% for the day). Increased demand from the summer driving season and persistent supply fears due to a heated geopolitical situation…
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Eurozone inflation eased slightly to 2.5% in June from the previous month’s 2.6%, in line with expectations. However, core inflation held steady at 2.9%, slightly above the consensus forecast of 2.8%. Persistent core inflation, driven…
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USD/JPY rose further on Monday, signaling a continuation after bulls paused for consolidation on Thursday and Friday. Despite traders remaining cautious due to looming intervention threats from Japanese authorities, who…
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EUR/USD opened with a gap higher and rose to a three-week high in early European trading on Monday, boosted by the results of the first round of the French parliamentary election. The rally was capped by the base of a…
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GBP/JPY continues its unobstructed uptrend, hitting a new multi-year high (the highest since 2008) early Monday. The pair has extended its steep ascent for the eleventh consecutive day, following its sixth straight monthly gain in June.…
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GBP/USD edged higher in European trading on Friday ahead of the release of US inflation data, the key economic event of the day. The better-than-expected UK Q1 GDP numbers also contributed to the improving sentiment. The…
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