WM MarketsNews & Research Blog - Forex Market Updates & Analysis

EURGBP hit a new multi-month low on Friday, reaching its lowest level since early August 2022. It is on track for its biggest weekly loss since early January, following a gap lower at the start of the week due to growing political…
Read More...

Gold is likely to retest the recent record high and challenge the psychological $2500 level in the coming months, as all key factors driving the metal’s price remain supportive. Persisting geopolitical tensions and threats of…
Read More...

EURUSD is consolidating within a narrow range on Thursday morning, following a strong rally on Wednesday (up 0.65%), and remains constructive despite Wednesday’s upside rejection and a bull-trap above the converged 10/20DMA’s.…
Read More...

The US dollar fell across the board in immediate reaction to softer-than-expected US May inflation numbers, reviving hopes for a Fed rate cut in September. US month-on-month consumer prices were flat in May after a 0.3%…
Read More...

Cable edged higher in European trading on Wednesday, showing little reaction to overall negative UK economic data, including flat GDP in April and sharp declines in construction and manufacturing output. Traders are awaiting the release of…
Read More...

UK month-on-month gross domestic product was flat in April, matching expectations after a 0.4% rise in March. The annualized GDP increased by 0.6% in April, down slightly from 0.7% the previous month, in line with forecasts.…
Read More...

USDJPY remains constructive, probing above the 157 barrier (the upper boundary of the triangular consolidation and the 61.8% Fibonacci retracement of the 160.19/151.85 bear-leg). However, ranges are narrowing ahead of key releases…
Read More...

Bitcoin dropped 3% in early Tuesday's sharp selloff, signaling the continuation of a bear-leg from the June 7 peak of 71,929. Fresh bearish sentiment emerged after a mild recovery was repeatedly capped by the psychological 70K…
Read More...

Gold prices edged lower in early trading on Tuesday, following Monday’s limited consolidation after nearly a 4% drop on Friday. The near-term outlook remains bearish following Friday’s massive losses, which were triggered by…
Read More...

The dollar index extended its strong rally on Monday, following a 0.8% advance on Friday and starting the week with a higher gap opening. Upbeat May NFP numbers on Friday reinforced the hawkish stance, indicating that the Fed…
Read More...