WM MarketsNews & Research Blog - Forex Market Updates & Analysis

GBPUSD remains bullish in early Tuesday trading, building on Monday's 0.43% rebound, which formed a bullish engulfing pattern on the daily chart. However, fresh bullish momentum faces strong resistance around the 1.2700 level…
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itcoin fell around 4% by early US trading on Monday, marking the largest one-day loss since April 30. The fresh downward acceleration is putting pressure on the psychological 60K support level, which is also near the 76.4%…
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The EURUSD pair saw a rebound on Monday as traders took profits from the decline observed on Thursday and Friday. Despite weaker-than-expected German Ifo data, the euro regained traction due to improving sentiment driven by…
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EURJPY continues its upward trend, extending its steep rise for the sixth consecutive day and surpassing the 171 mark in early Monday trading. Despite overbought conditions and signals from Japanese authorities about possible…
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EUR/USD fell to a one-week low on Friday, extending the sharp decline from Thursday, as the pair faced renewed pressure from downbeat PMI data. Reports released on Friday indicated a slowdown in the services industry in the Eurozone and…
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The Bank of England (BoE) has opted to maintain its main interest rate at 5.25%, holding steady at a 16-year high just before the July 4 election. This decision, endorsed by a 7-2 vote from the Monetary Policy…
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USDJPY maintains its upward trajectory, breaching the significant Fibonacci barrier at 158.22 (76.4% of 160.19/151.85) that had previously thwarted multiple attempts. A sustained breakthrough here would signal fresh bullish momentum,…
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USDCHF surged by approximately 0.7% on Thursday following the SNB's 25 basis points rate cut, reducing the interest rate from 1.5% to 1.25%. The central bank justified its decision by citing the ongoing decline in inflation and the…
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Gold prices saw a notable rise today as investors reassessed the global economic outlook and the monetary policies of major central banks. This increase comes amid declining consumer sentiment in the United States and growing concerns over…
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Oil prices edged higher on Monday as hopes for increased demand from the summer driving season in the northern hemisphere offset disappointing Chinese economic data, highlighting a bumpy recovery for the world's largest crude…
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