The EURUSD appears to be undergoing through another fundamental change – the temporary role of the euro as a safe-haven pandemic currency, which was bestowed upon the single currency during the summer months of this year, is now being challenged. The exponential uptick of COVID-19 cases across Europe has prompted many governments to reimpose stricter containment measures, and many social commentators have [...]

The cable is set to have another turbulent week ahead. Protracted Brexit woes continue to exacerbate the underlying volatility currently affecting the British pound, as trade negotiations between the UK and the EU have reached a new impasse. Boris Johnson, who is playing a hard-line role opposite Angela Merkel and Emmanuel Macron, has until this Friday (15th of October) to decide whether to break off the talks [...]

The recent dollar rally signifies a major change in the underlying dynamics of the global capital markets. The greenback has been sliding for the better part of the summer months, as international investors started betting on the euro as a new easily convertible, safe-haven currency during the coronavirus crisis. This process was changed recently, following FED Chair Jerome Powell's momentous speech at the [...]

The GBPUSD gave contrarian traders another reason to be excited yesterday when it suddenly changed course and started depreciating. What is even more interesting is that it did so in a spectacular fashion - by developing a very easily discernible 'Shooting Star' candle on the daily chart, which represents a classic trend reversal pattern. This has excited bears who have been waiting for the emergence of a [...]

The substantial bullish run of the British pound over the last several weeks drove the pair above the psychologically significant threshold of 140.00. This level, which had previously served the role of major support, was last broken prior to the beginning of the market crash that was triggered in the early days of the coronavirus crisis. Even though this represents a significant accomplishment for the [...]

The remarkable, bullish run of the euro was temporarily distorted on the dollar's recent upsurge coupled with poor economic data in the Eurozone. Germany and France – the largest and second-largest economies in the Euro Area, respectively – reported significant contractions in their industrial activities in August. The reported slump in French Services and Manufacturing PMI in addition to the sizable fall in [...]

Gold continues to be Wall Street's good old and reliable workhorse, in the sense that it maintains its role as the most sought after safe-haven asset. The next few months look like are going to be quite turbulent and eventful, with the US election looming nearer, and the global pandemic continuing to worsen relentlessly. So, the precious metal would most certainly play a pivotal role for investors in surviving [...]

The turbulent 2020 looks poised to end just like it began – with heightened fears stemming from the coronavirus crisis. Over the past several weeks, the number of confirmed COVID-19 cases has been steadily climbing in Europe, North America, and other parts of the world. Just today, the overall number toppled 40 million with over 1 million deaths. The prospects of a dreaded second epidemic wave now seem [...]

The price of the December gold futures has been consolidating below the psychologically significant level at 2000.0 dollars per troy ounce since late-September. The price has attempted to bounce back north on several occasions but has been unable to break out above this significant threshold. This consolidation of gold's price has left some traders asking whether the bearish market is here to stay [...]

Energy prices have been falling over the last few weeks on weaker global demand and the rising value of the dollar, which also prompted the price of natural gas to slide. E-mini natural gas futures with expiry in October (QGV2020), in particular, have been tumbling since late-August. Nevertheless, the longer-term market sentiment remains ostensibly bullish, which means that the price may yet rebound after the [...]

The price of wheat is developing a new bullish trend after exiting out of a major bearish market in early-July. Wheat futures sank as low as 480.00 cents per bushel in late-June, just before the beginning of the summer harvest in Europe. According to people familiar with the matter, the harvest results in France and Britain fell short of last year's recorded performance. Meanwhile, better-than-expected [...]

The market for precious metals experienced some difficulties last week after the greenback started recuperating once again. The EURUSD temporarily broke out above the psychological barrier of 1.20000 last Tuesday before the pair rebounded. The dollar started recovering after the publication of robust manufacturing numbers for August, which entail faster-than-expected recovery in the US. [...]

The German stock market was not even able to recuperate fully from the initial coronavirus crash, and now, the second epidemic wave is already knocking on the door of the biggest economy in Europe. By all accounts, it looks as though it is going to be a very long winter indeed, with the number of confirmed cases expected to continue surging into 2021. Eventually, the German Government is going to be [...]

With less than a month remaining before the pivotal election, the US equity market currently seems to find itself at a crucial make-it-or-break-it juncture. With so many different factors affecting the stock market at present, a catalyst for the next big directional movement could come from any direction. Donald Trump's recent decision to postpone the talks concerning the highly anticipated fiscal [...]

Last week's bearish correction in the stock market, which was brought about by a temporary downturn in the tech sector, prompted many traders to speculate whether this was the beginning of the end for the recent bullish rally. Yet, stocks have rebounded since then, demonstrating strong buying pressure in the market, as investors' interest does not seem to wane. The December futures contract of the Russell 2000 [...]

The Japanese stock market continues to flex muscles despite the tumultuous stretch that the Asian economy is currently going through. The Nikkei 225 sank nearly 2 per cent last week after Shinzo Abe announced he would be stepping down from his post as the Prime Minister of Japan, but then the index was able to rebound promptly. Japanese stocks have also remained largely unfazed by the tribulations in the [...]

The German DAX index rallied after the European open earlier today on renewed investors' enthusiasm from the upcoming Jackson Hole symposium in Wyoming. As central bankers, finance ministers, academics, and other financial market participants gather to discuss the prospects for recovery of the global economy, traders and investors would be looking for hints from the symposium regarding the future of the [...]

European stocks continue with their steady advance as many countries within the Eurozone ease their containment restrictions. The rally is further supported by the underlying trends in the global stock market. US tech stocks are continuously rising as investors bet on the robustness of the ongoing economic recovery. A positive spillover effect is being felt in the Eurozone, and major European stocks are [...]

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 [...]

The German financial services company's stock has been consolidating in a narrow range for six consecutive days. The reason for the muted price action stems from the anticipations that were building up over the last several days, concerning the state of the German industry, and in particular the German services sector. Investors were eagerly awaiting the release of the crucial Services PMI data [...]

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. [...]