WM MarketsNews & Research Blog - Forex & CFD Market Analysis

A strong downward acceleration pushed the USDCHF to a two-week low on Thursday. The Swiss franc advanced nearly 1% by early US trading, marking its biggest one-day gain since late December. This surge was…
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The US economy grew more slowly in the first quarter of the year than initially estimated, with GDP increasing at an annualized rate of 1.3%, down from the previously reported 1.6%. This marks a significant decline from the…
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The Turkish lira performed slightly better against the US dollar in May but remains within a broader range above its new record low. USDTRY remains in a prolonged sideways trend, with the risk of a fresh rise persisting due to…
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The Euro is consolidating early Thursday after a sharp decline on Wednesday, where the pair fell 0.5%, marking the largest daily loss since April 30, driven by renewed risk aversion. Bears have found support just above the…
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The USD/JPY pair is attempting to break above a near-term narrow range and sustain its gains after Tuesday's marginal close above the pivotal Fibonacci barrier at 157.01, which represents the 61.8% retracement of the 160.19 to 151.85…
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The British pound strengthened in early Wednesday trading after reaching a nine-week high of 1.2800 on Tuesday. However, it subsequently retreated due to an unexpectedly strong rise in US consumer confidence for May, which temporarily…
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The GBP/JPY pair continues to trend higher, solidifying its position above the 200 mark (Monday’s close above this level was the first since August 2008). Bulls have breached the barrier at 200.50 (April 29 spike high), with a sustained…
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The Euro remains strong as diminishing expectations of an ECB rate cut shift market focus to tomorrow’s German inflation data release (annualized CPI expected to rise in May). The bullish move from the higher low at 1.0805,…
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The German Ifo Business Climate Index remained unchanged at 89.3 in May, falling short of the forecasted 90.4, heightening concerns about a slowdown in the economic recovery of Europe’s largest economy. The weaker-than-expected…
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The dollar traded within a narrow range during the Asian and early European sessions on Monday, but the near-term outlook remains bearish. This is influenced by Friday’s 0.3% drop and the formation of a bearish engulfing pattern…
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