WM MarketsNews & Research Blog - Forex Market Updates & Analysis

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,…
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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…
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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…
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On Wednesday, oil prices dipped by over 1%, marking a third consecutive retreat. This drop comes amidst expectations that the Federal Reserve might maintain higher interest rates in the U.S. for an extended period due to persistent…
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Gold prices fell in Asian trade on Tuesday, retreating from record highs as easing uncertainty over Iran reduced safe haven demand for the yellow metal, while concerns over U.S. interest rates persisted. Among industrial metals, a rally…
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Oil prices continued to decline in Asian trading on Tuesday as investors anticipated ongoing U.S. inflation and higher interest rates, which could reduce consumer and industrial demand. Brent crude futures dropped 57 cents, or…
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Gold prices hit a record high in Asian trading on Monday, driven by heightened geopolitical tensions in the Middle East, which increased the demand for safe-haven assets. Additionally, a broader rally in metal markets contributed…
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Oil prices extended gains on Monday amid political uncertainty in major producing countries after Iran's president died in a helicopter crash and Saudi Arabia's crown prince canceled a trip to Japan due to concerns over the king's health.…
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Oil prices edged higher on Friday and were on track for a positive week, buoyed by milder U.S. inflation, shrinking U.S. inventories, and increased Chinese stimulus, which fueled hopes of rising demand. Brent oil futures rose…
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Gold prices fell slightly on Friday, trimming some of their weekly gains as comments from several Federal Reserve officials presented a more cautious outlook on interest rate cuts.The yellow metal had surged to nearly $2,400 an ounce…
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