WM MarketsNews & Research Blog - Forex & CFD Market Analysis

Gold prices edged higher in early trading on Monday following last week’s 5% pullback from a new record high, finding solid support at $2327/25, the top of the thick rising daily Ichimoku cloud. Partial profit-taking lifted the…
Read More...

Cable showed resilience despite the positive US PMI data on Thursday and disappointing UK retail sales figures on Friday. It managed to climb above the 1.2700 mark during US trading on Friday. The pair is set for its second consecutive…
Read More...

AUDUSD creeps higher on Friday as traders take profits from the recent four-day decline. Today's uptick marks the first gain of the week, although the pair is still set for a weekly loss exceeding 1%. Technical indicators on the daily…
Read More...

WTI crude oil prices continue their downward trajectory for the fourth consecutive day, pressing against a fresh three-month low of $76.42 established in the previous session. Short-term market sentiment took a hit following the release…
Read More...

The Euro gained traction, bouncing back by 0.3% after repeatedly finding support at the 100DMA (1.0814) following a pullback from the May 16 high of 1.0895. This formed an initial signal of a double-bottom pattern, suggesting a potential…
Read More...

Gold prices remain in the red for the third consecutive day, hitting their lowest point since May 15 during the early European session on Thursday, extending Wednesday’s 1.75% drop. The Fed minutes, released late Wednesday, indicated…
Read More...

The minutes from the US Federal Reserve's April 30 / May 1 FOMC policy meeting indicate that policymakers expect price pressures to continue easing, moving towards the 2% target in the coming months. Recent inflation data…
Read More...

Bullish momentum persists, with initial targets set at 156.78 (the high on May 14) and 157.01 (the Fibonacci 61.8% retracement level of the correction from 160.19 to 151.85). The pair reached a new weekly high on Wednesday,…
Read More...

Cable surged to a two-month high of 1.2761 on Wednesday following the release of UK inflation data for April, which showed a decrease in price pressure below expectations, dampening speculation for a June rate cut by the Bank of…
Read More...

Consumer prices in Britain rose by 2.3% year-on-year in April, a significant decrease from the 3.2% increase in March, marking the lowest rate in nearly three years (the CPI was 2.0% in July 2021). However, this rise fell short of the…
Read More...