WM MarketsNews & Research Blog - Forex Market Updates & Analysis

Oil prices continued their upward trajectory on Friday, poised for a second consecutive weekly gain. This surge was underpinned by escalating geopolitical tensions in the Middle East, concerns surrounding a tightening supply, and optimistic…
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USD/JPY continues to hover within a two-week span, consolidating just below multi-year highs in the 151.90/152.00 range (peaking in October 2022, November 2023, and March 2024). The prolonged sideways movement,…
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For the third consecutive day, AUDUSD surges, buoyed by a softer US dollar and discouraging US services PMI figures (released Wednesday). Bullish momentum breaks through crucial resistance at the 0.6600…
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The British Pound's recent upward movement, known as "Cable," has been steady following the double bottom formation around 1.2540 (April 1st and 2nd lows). Currently, it is challenging a significant resistance level at 1.2674, marked by the…
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The dollar index continues its downward trend for the third consecutive day, retracting from its recent multi-week high of 104.83. Bearish sentiment persists as fresh pressure weighs on critical support levels at 103.84/80, representing…
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In a surprising turn of events, inflation in the Eurozone took an unexpected downturn last month, fueling discussions about the European Central Bank's (ECB) contemplation of reducing borrowing costs from their current historic highs.…
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The USDTRY pair continues to face downward pressure, testing the lower boundary of its recent consolidation range around the 31.800 mark. Indicators on the daily chart are hinting at the possibility of a deeper correction, reminiscent of…
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Gold experienced a slight decline from its recent record high of $2288, showing signs of exhaustion among bullish investors following a rapid ascent of over 5% within the last six days. Despite resuming its upward trajectory in early…
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On Tuesday, the price of WTI oil continued its upward trajectory, reaching a five-month peak and breaching the $85.00 mark for the first time since late October. This recent surge marks the fourth consecutive day of bullish momentum,…
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The Euro suffered a decline to fresh multi-week lows early on Tuesday, primarily influenced by a robust dollar and recent dovish remarks from ECB policymakers, who anticipate implementing four rate cuts in 2024. Monday saw a 0.4%…
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