WM MarketsNews & Research Blog - Forex Market Updates & Analysis

Cable started to gain traction and edged higher on Wednesday morning after its recent drop penetrated the rising daily cloud (cloud top at 1.2702) but found firm support at 1.2682 (100 DMA), where dips were repeatedly rejected. The…
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EUR/CHF edged higher in early trading on Wednesday, reflecting initial signals that risk appetite is gaining traction. The pair rebounded from a new multi-year low, which had been driven by a surge in risk aversion over the past few days…
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The Reserve Bank of Australia (RBA) kept rates unchanged during its policy meeting on Tuesday and ruled out the possibility of an interest rate cut this year. The RBA maintained rates at a 12-year high of 4.35% for the sixth…
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WTI oil prices came under pressure due to fresh demand concerns stemming from talks about a potential US recession, as disappointing US economic data support this scenario. This offset calming reassurances from US officials that the economy…
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Gold fell nearly 3% on Monday, primarily due to increased market volatility as traders liquidated profitable positions in gold to cover margin call shortages from losses in the stock markets. Despite today's significant drop, which marks…
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EUR/GBP's strong three-day rally, which saw the cross rise by 2.1%, began to lose momentum after reaching a fresh high of nearly three months on Monday (0.8596). Overbought daily indicators suggest that partial profit-taking may occur…
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BTC/USD plunged sharply during the Asian session on Monday, dropping by 10.7% and falling below the psychological 50K level for the first time since mid-February, reaching a new multi-month low. Mounting fears of a potential US recession…
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USD/JPY experienced a significant drop overnight, reaching its lowest point since early January, and continuing its steep decline from the 155.21 high for the fifth consecutive day. The pair fell by 3.3% during the Asian session on…
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The recent US job growth data for July paints a concerning picture of the labor market, with nonfarm payrolls increasing by only 114,000 jobs, significantly below economists’ expectations of 176,000. This follows a downwardly revised…
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USDJPY fell sharply, down 1% in immediate reaction to US jobs data, after July's Nonfarm Payrolls (NFP) came in well below expectations at 114K versus the forecasted 176K, with June's figure revised down to 179K from the initial 206K.…
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