WM MarketsNews & Research Blog - Forex Market Updates & Analysis

Gold prices increased on Friday as traders took profits from a sharp decline over the past two days, which saw a nearly 3% drop. The significant downturn on Thursday was triggered by strong US Q2 GDP numbers. The top of the daily…
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USD/JPY held a slight bullish bias on Friday, hinting at a potential reversal after Thursday's larger bearish movement stalled. This led to the formation of a long-tailed Doji candlestick, bouncing from a new multi-week low and creating a…
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The dollar index rose slightly on Friday morning, remaining within a volatile range for the sixth consecutive day. The long tails on the daily candles over the past two days and consistent closes above the upward-turning 10-day…
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The US economy's acceleration in the second quarter of 2024, paired with easing inflation, presents a multifaceted scenario for policymakers and financial markets. GDP growth at an annualized rate of 2.8%,…
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The steep decline in AUDUSD extends into its ninth consecutive day, accelerating on Thursday with a drop of 0.85% during the Asian and European sessions. The pair has reached its lowest levels since early May and is on track for…
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EURJPY continued its sharp decline into the fifth consecutive day, reaching an 11-week low early Thursday with a 1% drop during the Asian session. Recent interventions by Japanese authorities have…
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Economic data released today indicated that Eurozone business activity growth stalled in July, as moderate expansion in the dominant services sector failed to counterbalance a deeper downturn in manufacturing. The Eurozone preliminary…
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EUR/USD extended its pullback from a multi-month high of 1.0948, breaching pivotal supports at 1.0840/33 (38.2% Fibo retracement of 1.0666/1.0948 / 20DMA), but is struggling to make a decisive break lower. Oversold conditions on the daily…
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AUD/USD remains in the red for the eighth consecutive day, hitting a six-week low early Wednesday. The Australian dollar is under increased pressure from a stronger US dollar, falling commodity prices, and concerns about China’s economic…
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Gold prices showing some resilience after the recent pullback is quite interesting. The Doji candle on Monday suggests that the corrective phase might be losing momentum, especially with support holding around the $2390 mark. The $2427…
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