WM MarketsNews & Research Blog - Forex Market Updates & Analysis

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…
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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…
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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.…
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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…
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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…
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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…
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USDJPY remains in an extended consolidation phase following last week’s sharp fall, triggered by US inflation data and intervention by Japanese authorities. The near-term action is holding above the 55-day moving average (157.55), which…
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Gold prices rose further in early Tuesday trading following dovish comments from Fed Chair Powell in his Monday speech. This has heightened expectations that the Fed may soon decide to start cutting interest rates. Powell…
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The dollar index turned red on Monday after initially opening higher due to market reactions to the assassination attempt on former President Donald Trump. However, dollar-negative sentiment prevailed during the European and early…
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The cable maintained its strong stance on Monday, hitting a new yearly high and trading just below the psychological barrier of 1.30. Over the past two weeks, the pair has made significant gains, although bulls may face…
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