WM MarketsNews & Research Blog - Forex Market Updates & Analysis

In May, UK gross domestic product (GDP) rose by 0.4% month-on-month, surpassing April's 0.2% increase and exceeding expectations for a 0.2% rise. The Bank of England's projection of 0.5% growth for the second quarter now appears…
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Gold prices rose on Wednesday, buoyed by recent comments from Fed Chair Powell that rekindled expectations of a rate cut after several delays in the start of policy easing. Powell's testimony on Tuesday hinted that the central bank…
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USD/TRY – Fresh advance after a shallow correction reclaims the 33 mark and approaches the new record high of 33.13 set on June 25. The lira remains under strong pressure due to high inflation (over 70%) and a significant trade deficit.…
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NZDUSD fell sharply on Wednesday morning, down nearly 1%, pressured by the Reserve Bank of New Zealand’s dovish stance. The central bank kept interest rates steady at 5.5%, as expected, but signaled the possibility of rate cuts if…
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WTI oil prices are easing for the third consecutive day, correcting lower from a new multi-week high of $84.50, the highest level since mid-April. Bulls lost traction after the hurricane's milder-than-expected impact on oil installations…
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Cable is trading within a narrow range just below a new multi-week high during European trading on Tuesday, as markets anticipate today's key event – Fed Chair Powell's testimony. The long upper shadow of Monday’s daily candle and…
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The larger bears are taking a breather for the fourth consecutive day, holding above the lowest levels since late February. The technical picture on the daily chart remains firmly bearish, with consolidation being capped by the 200 DMA,…
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EURUSD opened lower on Monday but quickly rebounded as larger bulls regained control, pushing the price towards last Friday’s multi-week high of 1.0842. The dip was contained by the psychological support at 1.0800, which also…
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The closely watched employment report from the US Labor Department’s Bureau of Labor Statistics revealed that US Nonfarm payrolls increased by 206,000 jobs in June, surpassing the expected rise of 190,000 and against May’s downwardly…
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The upcoming release of June labor market data by the US Bureau of Labor Statistics will be closely scrutinized for indications of the Federal Reserve’s future policy moves, particularly regarding the timing of…
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