WM MarketsNews & Research Blog - Forex Market Updates & Analysis

The British pound strengthened in early Wednesday trading after reaching a nine-week high of 1.2800 on Tuesday. However, it subsequently retreated due to an unexpectedly strong rise in US consumer confidence for May, which temporarily…
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The GBP/JPY pair continues to trend higher, solidifying its position above the 200 mark (Monday’s close above this level was the first since August 2008). Bulls have breached the barrier at 200.50 (April 29 spike high), with a sustained…
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The Euro remains strong as diminishing expectations of an ECB rate cut shift market focus to tomorrow’s German inflation data release (annualized CPI expected to rise in May). The bullish move from the higher low at 1.0805,…
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The German Ifo Business Climate Index remained unchanged at 89.3 in May, falling short of the forecasted 90.4, heightening concerns about a slowdown in the economic recovery of Europe’s largest economy. The weaker-than-expected…
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The dollar traded within a narrow range during the Asian and early European sessions on Monday, but the near-term outlook remains bearish. This is influenced by Friday’s 0.3% drop and the formation of a bearish engulfing pattern…
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Gold prices edged higher in early trading on Monday following last week’s 5% pullback from a new record high, finding solid support at $2327/25, the top of the thick rising daily Ichimoku cloud. Partial profit-taking lifted the…
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Cable showed resilience despite the positive US PMI data on Thursday and disappointing UK retail sales figures on Friday. It managed to climb above the 1.2700 mark during US trading on Friday. The pair is set for its second consecutive…
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AUDUSD creeps higher on Friday as traders take profits from the recent four-day decline. Today's uptick marks the first gain of the week, although the pair is still set for a weekly loss exceeding 1%. Technical indicators on the daily…
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WTI crude oil prices continue their downward trajectory for the fourth consecutive day, pressing against a fresh three-month low of $76.42 established in the previous session. Short-term market sentiment took a hit following the release…
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The Euro gained traction, bouncing back by 0.3% after repeatedly finding support at the 100DMA (1.0814) following a pullback from the May 16 high of 1.0895. This formed an initial signal of a double-bottom pattern, suggesting a potential…
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