A bullish reversal on the EURUSD appears to be completed now because of the recent woes for the greenback. With the changing market sentiment on the pair, bulls can now look for a chance to utilise trend continuation strategies on the newly emerging uptrend. Two leading factors are causing the dollar to tumble in the short term. Amazon's disappointing earnings numbers for the second quarter have prompted [...]

The price of the cryptocurrency temporarily fell below the psychologically significant 30000.0 mark this week before returning back above this major threshold. Part of the reason why the crypto advanced had to do with Elon Musk's recent comments concerning Tesla and SpaceX, saying that both companies use Bitcoin. Musk also stated that Tesla would likely increase its holdings of Bitcoin, provided that the [...]

The GBPUSD is currently finding itself in a very strong downtrend whose development we have followed over the last couple of months. Part of the reason for the strengthening of the U.S. dollar has to do with the fact that the market has already priced in FED's inflationary policy. The greenback is also likely to be bolstered this week with the beginning of the new earnings season in the U.S. That is so [...]

Temporary bullish momentum on the EURUSD was reinvigorated last week following the adoption of a new inflation goal by the European Central Bank. Nevertheless, the broader sentiment still looks tilted in favour of the greenback, as the U.S. economy continues to recover robustly. This setup entails a likely continuation of the current pullback towards the next psychologically significant barrier [...]

Bearish sentiment continues to rise on the GBPUSD as the dollar strengthens, though there appears to be a minor bullish pullback currently in the making. This temporary break in GBPUSD's downtrend would allow bears to utilise trend continuation strategies and catch the next reversal. On the one hand, the pound remains under pressure as the pandemic situation in the UK remains tight. This is owing to a [...]

The price of Bitcoin has been recuperating since last week, after having fallen temporarily below the psychologically significant support level at 30000.0. Counterintuitively, perhaps, part of the reason for the strengthening of the cryptocurrency has been the latest clampdown on crypto exchanges by a financial regulatory. [...]

The price of the commodity appears to be consolidating near the bottom portion of a recent correction before the broader uptrend can be continued. Even though this represents a preliminary stage in the establishment of an eventual uptrend, bulls should not rush to join the market at all costs. Presently, all eyes are focused on the earnings season in the U.S. The robust performance by Big Tech, especially [...]

The price of crude oil has been depreciating over the past few weeks as global energy demand subsided a little bit. This process was bolstered following the last FED meeting. Even though the current underlying sentiment is prevailingly bearish, it is unlikely for crude oil to develop a major bearish trend. Instead, the price of the commodity is likely to consolidate around the next Fibonacci support [...]

The price of gold has been consolidating over the past few weeks after having established a major bearish dropdown. This interim consolidation now seems to imply that the correction has already bottomed out, which, if true, would mean that bulls can once again trade on the expectations for the continuation of the broader uptrend. These expectations for sustained price appreciation are rooted in the fact [...]

The price of crude oil has been advancing in a very strong uptrend over the past couple of weeks. The rally was influenced by robust energy demand globally as economies continue to reopen and economic activity picks up. This pick-up in aggregate activity continues to be dependent on the vaccine rollout and future progression of the pandemic. [...]

The price of gold has been depreciating over the last couple of weeks after having reached a psychological barrier. The downturn was catalysed by mixed labour data in the U.S. and growing energy demand globally. The correction is momentarily halted by increased bullish momentum in the short term. The latter is owing to relaxed inflation fears among traders and investors, ahead of the highly anticipated [...]

The energy market has benefited greatly by heightened demand amidst accelerating global recovery. This has prompted a massive bullish rally on the price of crude oil, which reached the psychologically significant resistance level at 70.00. Nevertheless, the latter represents a prominent turning point, which is why the emergence of a new bearish correction from it in the short term seems highly plausible. [...]

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. [...]

The Nasdaq composite has been threading in a minor range below the psychologically significant resistance level at 14000.00 since the beginning of May, as underlying volatility in the stocks market gradually subsided. Instead, more prevalence was given to the commodities market, as a new supercycle is currently in the making and the even more volatile crypto market. This transformational change came just as [...]

The German DAX reached a new all-time record just below 15500.000, as was forecasted by our last analysis of the German index, and is now in the process of establishing a new bearish correction. The retracement emerged from this all-time peak, as selling pressure keeps mounting up. [...]

Since the beginning of March, the Nasdaq Composite has been stabilising after having reached a bottom of a preceding bearish correction. The short-term bullish momentum is presently increasing, however, many unknowns remain. Chiefly, will the recuperating stocks manage to surpass the previous all-time high near 14200.00, or the short-term bullish momentum is nothing more than a temporary break in the [...]

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 [...]