The GBPJPY has been strengthening for five consecutive days, and it's fair to say that the price action of the pair is trending when examined on a smaller timescale. It follows that trading the GBPJPY at present would entail the implementation of trend continuation strategies, provided that the underlying market conditions remain unchanged in the next few days.

As we have already argued on several occasions, the coronavirus crisis is entering into a new stage of its development. The market is transitioning from the volatile and unpredictable early days of the crash into a more tamed and relaxed form. This transition has subsequently prompted many financial instruments across multiple asset classes to form major consolidation ranges, as the underlying price actions become increasingly subdued. [...]

In several of our most recent analyses, we raised the point that many financial instruments from different asset classes are presently trading in narrow consolidation ranges, which underpins the current stage of recovery from the coronavirus crisis. This trend has been observed in the FX market, the stock market, and in the commodities market. [...]

The GBPUSD has been affected by the coronavirus tribulations arguably even more than other currency pairs. On the one hand, there have been on and off resurgences in the aggregate demand for the US dollar throughout the different stages of the coronavirus crisis, which have been prompted by its globally recognised status as a safe-haven asset.

As it's been shown numerous times over the last couple of weeks, the market currently finds itself in a transitionary stage – the initial coronavirus crash is now concluded, and most asset classes have started consolidating within narrow ranges in the wake of the crisis' aftermath. The EURGBP, too, has been undergoing through a stretch of somewhat muted price action, but the pair has also been establishing [...]

The USDCHF is one of those assets whose price action has become decidedly muted over the last several days and weeks, following the coronavirus market crash in early March. Diminished adverse volatility and the general transition of the market within a decisive range-trading environment, are both indications of an asset's stabilisation in the wake of a substantial market turmoil. [...]

The energy market appears to have finally stabilised following the historic collapse that took place just a little over a month ago. The price of crude oil tumbled to negative rates in late-April because of several contributing factors. At that time, the disagreements between the member-states of OPEC+ concerning production output coupled with the height of the coronavirus crisis threw the energy market into disarray. [...]

Platinum is one of the most-traded assets in the commodities market, which makes it one of the primary gauges for the overall stability of the broader market. Its price action in the wake of the coronavirus crash could be quite telling of the underlying processes currently taking place in the commodities market, which is why it deserves close attention. [...]

Recently it was announced that Warren Buffett has decided to sell nearly 90 per cent of his Goldman Sachs shares amidst rising coronavirus concerns and prevailing uncertainty in the stock market. The sweeping turmoil in the market has drastically changed the top investor's outlook on the intrinsic value of assets after being jolted by these pandemic developments, and he appears to be looking for a new safe-haven harbour to invest into.

The WTI tumbled to nearly -$40 per barrel when the May futures contracts expired in late April, but has subsequently managed to bounce back to around $25 per barrel. Following this momentary 'stabilisation', the price of crude has started to consolidate within the boundaries of a narrow range, as investors wait to see whether global demand would pick up now that more and more states are working towards gradually reopening their economies. [...]

The price of gold has skyrocketed over the last several months, as a direct consequence of the bolstered demand for the precious metal. Gold was already finding itself in a bullish market prior to the global outbreak of the novel coronavirus, as we pointed out in our previous analysis on the commodity, and the escalation of the situation only bolstered the prevailing bullish sentiment in the market. [...]

Over the past several weeks, gold, which is arguably the most popular safe-haven asset in the world, has undergone through a remarkable surge in volatility due to the underlying changes in demand for the precious commodity. Its price has risen in line with the exponentially increasing uncertainty from the coronavirus pandemic, which continues to plague the global capital markets. [...]

The main Japanese stock index – the Nikkei 225 – has rebounded from the bottom that was reached in late-March, and subsequently, it was able to correct almost all of the losses that were incurred during the coronavirus crash. The present stock market rally is so considerable that the price action of the index is currently nearing a prominent Distribution area, which marked the end of the previous bullish run.

Since the initial market crash from the coronavirus crisis concluded, various market experts and commentators have started to weigh in on the likely scope of the subsequent correction. Chiefly, they wanted to discern whether set correction is going to turn out to be a minor retracement in an otherwise bearish market, or if it could signify the beginning of a renewed bullish run.

The stars finally seem to be aligning favourably for the European stock market. Most states within the EU have started to reopen their economies, which allows for the general economic activity to begin normalising gradually. There are also positive indications for the swift development of a drug for COVID-19, as well as a vaccine for treating the SARS-Cov-2 pathogen. [...]

Arguably the most important conclusion that can be drawn from the recently finished earnings season in the States is that Big Tech and other companies in the technological sector have had an overall robust first quarter. Despite the ongoing coronavirus crisis, which has affected so many other industries, the tech sector remains not only relatively unscathed by the economic fallout, but it even manages to continue growing. [...]

The German DAX index, which is among the leading stock indices in Europe, has appreciated by almost 7 per cent in April and has advanced by more than 16 per cent altogether since the bottom of the market rout was reached at 8440 points on the 18th of March. Before that, the index had contracted by more than 5000 points as the novel coronavirus swept through Germany and elsewhere. [...]

The coronavirus outbreak is ravaging Europe, and for the time being, the now fewer reported cases in Italy – the hardest-hit country by the epidemic in the EU – offers one of the only few glimmers of hope that the situation can soon be resolved. Deaths keep mounting at different paces in all European countries, with the fatality rate in Spain reaching 1000 casualties per day. [...]

Tesla's operations were affected severely by the coronavirus crisis as the pandemic delivered waves of blows to the car manufacturer's supply and demand outlooks. On the one hand, the lengthy lockdowns in China and elsewhere from the beginning of the year distorted production. On the other, muted global demand across the industry drove Tesla's sales down.

Looking back at some of our most recent analyses that were published last week, the continually evolving coronavirus situation on the global markets appears to be preparing to enter into its next developmental stage. Our examinations of the French CAC 40 index, wheat and the USDCHF pair, all seem to outline several distinctive stages that were present in the commodities, FX, stocks and other markets. [...]

Apple's share price has been on the rise since our previous analysis of the technological giant's performance, and it is currently nearing a crucial test level for the bullish commitment in the market. The price action is coming closer to the historical resistance level at 325.00, and a break out above it would mean a breakout into uncharted territory further north. [...]

The Walt Disney Company is among the world's leading mass media and entertainment conglomerates, with its main business operations ranging from operating theme parks, producing movies and television programs, as well as recently having entered the world of online streaming with its Disney + program. 'The House of Mouse' undoubtedly has interests in a wide range of business activities, which makes it a very well-diversified multinational [...]

Gilead Sciences has become one of the most talked-about companies over the last several weeks, as the Biotech giant's drug Remdesivir, which was originally developed as a medicament against Ebola, is now being used as a treatment for the novel coronavirus with a certain degree of success. [...]

Apple and Amazon, which are the last participants of the 'Big Tech' sector to report earnings for the current quarter, are bound to stir heightened price action on their stocks after the market close today, by announcing the pandemic's impact on their performances in Q1. These two reports are anticipated by investors to seal the faith of the US tech industry in the wake of the coronavirus crisis [...]