WM MarketsNews & Research Blog - Forex Market Updates & Analysis

Bitcoin dropped 2.5% on Monday, maintaining a weak near-term outlook as the extension of the bear-leg from the April 23 lower top at 67,264 brings the key 60,000 support zone into focus. A cluster of strong supports between 60,700 (daily…
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USDJPY surpassed the psychological 160 barrier and reached a new multi-decade high early Monday. This was followed by a sharp decline to the 155.00 area, possibly due to suspected market intervention. The recent decline breached a key…
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The Personal Consumption Expenditures (PCE) price index, a key inflation gauge favored by the Federal Reserve for its 2% target, increased by 0.3% month-over-month in March, matching the previous month's rate and…
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USDJPY reached a new 34-year high on Friday, driven by the Bank of Japan's decision to keep its ultra-low interest rates unchanged and the lack of clear guidance on the timing of the next rate hike, which further…
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The Bank of Japan decided to keep its ultra-low interest rates steady, a widely anticipated move, and conveyed growing confidence in meeting its 2% inflation target in the coming years. As expected, the BOJ maintained its ultra-low…
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Gold prices are trading within a tight range on Wednesday, following a nearly 3% drop over the last two days. This movement breached the psychological $2300 support level, but it failed to sustain a lower break, held back by the daily…
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The Ifo survey revealed that German business morale improved more than expected in April, according to data released on Wednesday. The Ifo institute reported that its business climate index increased to 89.4…
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Australian consumer price inflation moderated less than expected in the first quarter, largely due to persistent pressures on service costs, which disappointed policymakers. Here's a summary of the recent…
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The data released on Tuesday reveals a slowdown in U.S. business activity in April, reaching a four-month low due to weakened demand. However, there is a slight easing of inflation rates, providing potential relief as the Federal Reserve…
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The British pound rebounded from a new multi-month low on Tuesday, buoyed by stronger-than-expected UK services PMI data and a hawkish stance from Bank of England policymakers. They indicated a potential delay in rate cuts, viewing an early…
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