The price action of the GBPUSD has been establishing a major bullish pullback over the last couple of weeks on the unusual dollar weakness that was observed over the same period. It was triggered by a mixture of various contributing factors, including the stagnating pace of global recovery and a resurgence of demand for higher-yield assets. This trend can now be challenged by shifting market sentiments. [...]

The price action of the GBPJPY pair generated a remarkable, bullish trend over the last couple of weeks, as the pound gained ground against most of the other major currencies. As has already been stated on multiple occasions, part of the reason for the nearly vertical rally is the global energy crisis, which has prompted heightened investors' demand for lower-risk securities. [...]

The greenback has been on the retreat since last week as the global economy got embroiled in a new energy crisis. It began with the petrol shortages in Britain before growing into an international geopolitical crisis. These developments stymied the rally of the dollar from beforehand, which was inspired by robust industrial numbers. Nevertheless, weaker-than-expected employment data for September contributed [..]

The GBPUSD is developing a new bearish trend, which will likely continue evolving over the next weeks and months. Selling pressure started accumulating over the last few weeks, and following the completion of a minor bullish pullback, the price action looks ready to resume heading lower. One of the most substantial reasons as to why this is the case is that, as it is about to be seen, the new downtrend [...]

The price action of the GBPBJPY is currently probing a major support level that has been prevalent over the last few months. It serves as the lower limit of a broad Distribution range, as postulated by the Wyckoff Cycle theory. Hence, if the price action manages to penetrate below it decisively, this would likely mark the beginning of a new downtrend that is likely to develop over the next several months. [...]

The strong bullish momentum of the U.S. dollar is growing stronger by the day, and the development of a new major downtrend on the price action of the EURUSD now seems very likely. The pair has shed away most of the gains it generated in the wake of the coronavirus crash in early 2020, and, as it's about to be seen below, it's currently probing the second out of three major support levels that were [...]

The long-anticipated reversal on the price of crude oil may finally be on the horizon, given the latest developments on the price action of the commodity. However, right off the gate, it should be stated that the ongoing energy crisis continues to be the biggest determinant of the heightened demand for gas, which has a spillover effect over crude oil as well. That is why bears should be especially cautious [...]

The price of gold is currently probing the psychologically significant resistance level at 1800.00, which might prove to be an impregnable obstacle, at least for the time being. There is a confluence of mounting bearish indications, all pointing to a likely upcoming reversal from this threshold, which means bears can try to implement contrarian trading strategies. [...]

The price of crude oil has rallied considerably over the last several months as global energy demand increased materially. Part of the reason is the slightly more hawkish rhetoric implemented by some of the most prominent central banks, which alludes to the progress that has been achieved so far in overcoming the economic crunch from last year. There have also been other more recent contributing factors [...]

The price action of gold appears to be consolidating within the boundaries of a narrow range in the short term, even though bearish pressure continues to be increasing slowly but steadily. This could create a favourable setup for implementing trend continuation strategies by bears looking to sell the peak; however, such a scenario would be subject to several key developments. The most significant [...]

Despite the solid global recovery, demand for crude oil is likely to wane by the end of the year. In turn, this transformative change in the commodity's underlying supply and demand dynamic is likely to drive its price below $50 per barrel over the same period. Part of the reason for the current rally is owing to the persisting conformity of OPEC members under the organisation's Declaration of Cooperation [...]

The price action of gold is currently drawing near the lower limit of the massive consolidation range that was outlined in our previous analysis of the commodity. Given the underlying range-trading environment, bulls can try to take advantage of this by going long on the expectations for another rebound. Bearish pressure was bolstered over the last few days as headline inflation in the U.S. and Europe is [...]

The Nasdaq composite index completed a major 1-5 impulse wave pattern recently, as postulated by the Elliott Wave Theory. It was then followed by a corrective ABC structure, which implies the completion of a major cycle. Since the price action very possibly finds itself in the early stages of a new major cycle, this could present traders with the opportunity to enter early into the development of a new trend. [...]

The price of the Nasdaq composite recently started developing a new bearish correction, as was forecasted by our previous analysis of the index. Even still, the broader rally still looks quite solid, which means that bulls can look for an opportunity to enter long at the bottom of the correction by implementing trend continuation strategies. [...]

The price of the Nasdaq composite continues to be climbing slowly towards the psychologically significant resistance level at 15000.00, as was forecasted by our previous analysis of the index. In addition to the fact that this resistance has such psychological importance due to the many zeroes in the number, the price has never reached this threshold before. This makes it an even more prominent turning point. [...]

The Nasdaq Composite index has advanced considerably over the past few weeks, even though the underlying sentiment is not ostensibly trending. This is caused by mounting adverse volatility in the market. These erratic fluctuations could prompt a broader bearish correction in the near future. Selling pressure continued to accumulate yesterday following Jerome Powell's, Chair of the Federal Reserve [...]

Nasdaq's luck seems to be running out as the stock market becomes increasingly more bearish-looking. This could mark the beginning of a new sizable downtrend. The impact of market seasonality is already playing a pivotal role in diminishing the overall liquidity in the market as the general trading activity falters. Meanwhile, paradoxically as it may seem, improving economic outlook could derail [...]

The German DAX index is currently trading at around 15700.00 basis points, which represents its all-time high. The underlying rally was fuelled by solid industry numbers in Germany for the month of May, which inspired investors to believe that the digitalisation process of the Eurozone economy is going according to plan. [...]

Google's parent company Alphabet Inc. is scheduled to report its quarterly earnings for the three months leading to December 2020 tomorrow after the market close. What most investors and traders will be looking for in the earnings report of the Silicon Valley giant are clues that the company can continue to outperform the rest of the U.S. tech sector in terms of value growth. [...]

One of Wall Street's favourite blue-chip companies is scheduled to report its quarterly performance next and traders' anticipation is unsurprisingly building up. Apple is expected to deliver its earnings report tomorrow after the market close, which means that its impact would be reflected on Thursday's open. [...]

The earnings season in the U.S. is gaining speed, and Morgan Stanley is the next financial institution in line to report quarterly earnings for the three months to December 2020. The bank is set to do so tomorrow before the market open. JPMorgan Chase kicked-off the cycle last week. Morgan Stanley's share price is currently consolidating just below a historically significant resistance level, which was last [...]

The biggest bank in the U.S. is scheduled to release quarterly earnings data for Q4 of 2020 today before the market open. JPMorgan Chase's stock currently finds itself on an 8-days long bullish run ahead of today's numbers, which begs the question of just how much longer could this run be extended before a correction takes place? [...]

The analysis for today examines the price action of Merck & Co. The company is one of the largest pharmaceutical giants in the world, but its share price has remained somewhat undervalued in the recovery that followed the initial coronavirus fallout in Q1. Special attention was given to the pharmaceuticals sector in the aftermath of the initial stock market crash, given the crucial role it is going to play [...]

Microsoft, one of the Big Four in the US tech industry, is scheduled to report its earnings data for the fourth fiscal quarter later today. The release of the earnings numbers and the subsequent press conference is expected to take place after today's market close. Interestingly, the Earnings Per Share forecasts were downwardly revised over the last few days. The initial market expectations projected an [...]