WM MarketsNews & Research Blog - Forex Market Updates & Analysis

Gold remains on a strong footing, edging higher in early Monday trading and extending its recovery for the third consecutive day. The yellow metal has regained ground after last week's sharp decline, bolstered by increasing signs that…
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WTI oil prices climbed for the third consecutive day, driven by improved sentiment as recession fears and demand concerns eased, coupled with a larger-than-expected draw in US crude inventories. Better-than-expected US jobless claims…
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GBPUSD stays on the front foot, extending its recovery on Friday morning after breaking and closing above the top of the rising daily cloud. Diminishing fears of a US recession and strong Chinese economic data have revived risk…
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EURGBP extended its pullback on Friday, sliding further from the new 3½-month high of 0.8624 reached the previous day. The fresh decline breached the pivotal 200DMA at 0.8555, and a sustained break below this level could reinforce…
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AUDUSD regained momentum and climbed higher on Thursday, countering the negative impact from Wednesday’s strong rejection just below the base of the rising daily cloud. Several indicators suggest the pair is attempting to form a base and…
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Gold regained traction on Thursday, bouncing back after a sharp decline in recent days. This fresh strength indicates that the market is stabilizing following a turbulent period, with broader bullish trends poised to regain…
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The dollar index ticked lower during European trading on Thursday, as the bounce from Monday's eight-month low of 101.94 began to lose momentum. The daily chart presents a weak outlook with moving averages in bearish configuration and…
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EUR/USD inched higher during Asian and early European trading on Thursday, suggesting that the pullback from Monday’s spike high of 1.1009 may be coming to an end. The formation of a higher base around the 1.0900 zone supports a positive…
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USD/JPY surged higher on Wednesday as traders took profits from the steep fall of the past few days, driven by risk aversion that had boosted demand for the safe-haven yen. The Japanese currency had made an impressive rally of 8.5%…
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AUD/USD has picked up momentum on Wednesday following Monday’s spike low at 0.6348, the lowest level since early November 2023. The Australian dollar has benefited from the hawkish stance of the Reserve Bank of Australia (RBA) on…
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