WM MarketsNews & Research Blog - Forex Market Updates & Analysis

USDJPY fell 0.7% in Asia on Tuesday following comments from a Japanese official that added pressure on the central bank to implement more rate hikes to further strengthen the yen. These latest remarks have boosted the yen's sentiment,…
Read More...

EUR/USD edged higher during European trading on Monday, as bears paused after a two-day retreat from a multi-week high of 1.0948. The rising 10-day moving average (DMA) and the 23.6% Fibonacci retracement of the 1.0666 to 1.0948 move (at…
Read More...

WTI oil prices are consolidating narrowly early Monday, following a sharp decline on Friday (down 2.8% for the day) and a weekly loss of 4.3%—the biggest weekly drop since the last week of April. Oil closed below $80 on Friday for the…
Read More...

The dollar index extended its recovery for the second consecutive day, bouncing strongly from a new four-month low of 103.31 on Thursday. This surge was driven by fresh risk aversion following a global cyber outage that impacted financial…
Read More...

The cable remains in the red for the second consecutive day, extending its pullback from a new one-year high of 1.3044. Weaker-than-expected UK retail sales have increased pressure on the sterling and fueled speculation about a BoE rate cut…
Read More...

British retail sales dropped by 1.2% in June, following a 2.9% rise in May, missing the forecasted 0.6% decline. Annually, retail sales fell by 0.2% in the 12 months to June, after a 1.7% increase in May, and fell below the…
Read More...

British inflation held steady at 2.0% in June, missing forecasts for a slight decline to 1.9%. Persistent underlying price pressures dampened expectations for the Bank of England’s first rate cut since 2020 at next month's policy meeting.…
Read More...

Gold surged to a new record high of $2,482 early Wednesday, following a notable acceleration through the previous peak on Tuesday. The metal rose by 1.9% on Tuesday, marking its largest daily gain since December 13. The break above the…
Read More...

WTI oil prices fell nearly 2% on Tuesday, marking the biggest daily loss since June 3, as growing concerns about weaker demand from China and signals of a Fed rate cut in September dampened sentiment. Fresh bearish action pushed prices…
Read More...

The unchanged retail sales in June, despite expectations of a decline, indicate a stronger underlying trend in consumer spending, which could positively influence economic growth estimates for the second quarter. This stable performance…
Read More...