WM MarketsNews & Research Blog - Forex Market Updates & Analysis

Gold prices edged higher early Wednesday, rebounding from the lower boundary of their near-term range. However, the metal remains directionless as markets await fresh cues from key economic events this week. Conflicting…
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WTI oil prices remain in a steep decline for the fifth consecutive day, falling over 1% and hitting a new four-month low in early Tuesday trading. This follows a 3.8% drop on Monday, the largest daily fall since November 16. The market…
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AUD/USD is on the front foot this Monday, extending its advance into a third consecutive day and pressuring the pivotal barrier at 0.6680, the recent range ceiling. This fresh strength enhances the near-term outlook, supported by the…
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The Euro began losing traction in European trading on Monday, building on the initial warning from Friday’s daily candle, which featured a long upper shadow formed after a strong upside rejection. The initial signal of the two-day…
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Consumer prices in the Eurozone increased by 2.6% year-on-year in May, diverging further from the ECB’s 2% target. This follows a 2.4% increase in the previous two months and exceeded the 2.5% consensus. The more significant and closely…
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China’s official Manufacturing Purchasing Managers’ Index (PMI) fell to 49.5 in May from April's 50.4, missing the forecast of 50.4 and dropping below the crucial 50 level that distinguishes growth from contraction. The unexpected…
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A strong downward acceleration pushed the USDCHF to a two-week low on Thursday. The Swiss franc advanced nearly 1% by early US trading, marking its biggest one-day gain since late December. This surge was…
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The US economy grew more slowly in the first quarter of the year than initially estimated, with GDP increasing at an annualized rate of 1.3%, down from the previously reported 1.6%. This marks a significant decline from the…
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The Turkish lira performed slightly better against the US dollar in May but remains within a broader range above its new record low. USDTRY remains in a prolonged sideways trend, with the risk of a fresh rise persisting due to…
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The Euro is consolidating early Thursday after a sharp decline on Wednesday, where the pair fell 0.5%, marking the largest daily loss since April 30, driven by renewed risk aversion. Bears have found support just above the…
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