WM MarketsNews & Research Blog - Forex Market Updates & Analysis

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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Bitcoin experienced a slight decline on Monday, yet it remains ensconced within a prolonged range that has persisted for seven consecutive days. The immediate trajectory continues to exhibit lateral movement, with the search for clearer…
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Gold surged to a new all-time high of $2265 as trading resumed on Monday following the Easter break. The metal kicked off the month on a strong bullish note, fueled by anticipation of a Federal Reserve interest rate cut in June, with…
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In February, prices in the United States experienced a moderate rise, with the cost of services, excluding housing, showing a notable slowdown. This has kept market speculations alive regarding the possibility of…
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The cable market remains stagnant within an extended sideways trend, experiencing a narrow range as trading thins out for the Good Friday holiday. Current activity shows a fluctuation between the 200-day moving average at 1.2588 and a slim…
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Oil prices surged by over $1 per barrel on Thursday, concluding the month on a higher note due to several factors influencing the supply outlook. The rally was fueled by expectations of OPEC+ maintaining production cuts, persistent attacks…
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For the third consecutive day, the Euro has sustained losses, with a noticeable decline seen early on Thursday. It has breached significant support levels around the 1.0800/1.0790 area, which previously served as a higher base, coinciding…
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Last year saw the UK economy slipping into a recession, as indicated by a contraction of 0.1% in GDP during the third quarter, followed by a further decline of 0.3% in the fourth quarter, according to official statistics.…
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The USDCHF surged to its highest level in almost five months, extending its upward trajectory within a broader bullish channel and reaching a new multi-week peak on Wednesday, marking its highest point since November 2nd. Bullish…
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During the Asian session on Wednesday, USDJPY climbed to a slightly higher multi-decade high of 151.97, indicating a persistent bullish trend as the US dollar gained momentum from favorable US data released on Tuesday. The bullish…
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