WM MarketsNews & Research Blog - Forex Market Updates & Analysis

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…
Read More...

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…
Read More...

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…
Read More...

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…
Read More...

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…
Read More...

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…
Read More...

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...