WM MarketsNews & Research Blog - Forex & CFD Market Analysis

The European Central Bank delivered its first interest rate cut since 2019 today, signaling progress in its ongoing effort to bring inflation down to its 2% target, while acknowledging that the battle is far from over. The ECB…
Read More...

Cable is consolidating just below a new multi-week high of 1.2817, with near-term action supported by the rising 10-day moving average (1.2758) and poised for a fresh push higher to challenge the 2024 high of 1.2893. Daily moving…
Read More...

The Euro edged higher on Thursday morning, partially reversing a two-day pullback from a new multi-week high at 1.0915. However, today's action has been choppy and directionless as traders await the European Central Bank's (ECB)…
Read More...

The dollar index surged on Wednesday, driven by much stronger than expected US services PMI data (May 53.8 vs 51.0 forecast and April 49.4). This data indicated a return to growth in the services sector, with the May figure reaching a…
Read More...

Gold prices edged higher early Wednesday, rebounding from the lower boundary of their near-term range. However, the metal remains directionless as markets await fresh cues from key economic events this week. Conflicting…
Read More...

WTI oil prices remain in a steep decline for the fifth consecutive day, falling over 1% and hitting a new four-month low in early Tuesday trading. This follows a 3.8% drop on Monday, the largest daily fall since November 16. The market…
Read More...

AUD/USD is on the front foot this Monday, extending its advance into a third consecutive day and pressuring the pivotal barrier at 0.6680, the recent range ceiling. This fresh strength enhances the near-term outlook, supported by the…
Read More...

The Euro began losing traction in European trading on Monday, building on the initial warning from Friday’s daily candle, which featured a long upper shadow formed after a strong upside rejection. The initial signal of the two-day…
Read More...

Consumer prices in the Eurozone increased by 2.6% year-on-year in May, diverging further from the ECB’s 2% target. This follows a 2.4% increase in the previous two months and exceeded the 2.5% consensus. The more significant and closely…
Read More...

China’s official Manufacturing Purchasing Managers’ Index (PMI) fell to 49.5 in May from April's 50.4, missing the forecast of 50.4 and dropping below the crucial 50 level that distinguishes growth from contraction. The unexpected…
Read More...