The cable remains on its ascending course in spite of, or perhaps precisely because of, all of the recent developments. The BioNTech and Pfizer vaccine news coupled with Moderna's promising performance have reinvigorated investors' enthusiasm. Markets are riding high at present because investors believe that such a game-changing vaccine would allow global economic activity to reach pre-pandemic levels swiftly. [...]

The most popular currency pair in the world has undergone through several quite turbulent and eventful days recently. Joe Biden's victory in the US Presidential Race was undoubtedly the most fundamentally significant development from last week, which is bound to exert long-lasting impact on the pair. The effect of the new President-elect soothed the stirred stock market but many questions remain uncertain. [...]

The past several days have been quite tumultuous for the GBPUSD, in light of the reinstated lockdowns in England, and the entry of the final stage of the Presidential race in the US. Even so, the next five days are poised to be even more volatile for the cable. What follows next in the economic calendar is arguably the most eventful week for the entire 2020 with BOE and FED's interest rate decisions [...]

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 price of the precious metal has been ostensibly range-trading since our last follow-up of its price action. The contributing factors to the somewhat muted price action are many, but few are worth pointing out. Firstly and most significantly, gold's massive bullish run was distorted after BioNTech and Pfizer flaunted an over 95 per cent efficiency of their Covid-19 vaccine in preventing symptomatic [...]

While the world holds its breath to see who will win the US Presidency, as the outcome of the election still hangs on a knife's edge, the energy market is concerned with one primary issue at the moment. At the time of writing this analysis, Joe Biden has garnered 264 electoral votes and needs only six more to secure his victory. [...]

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 [...]

German stocks benefited from the Pfizer and BioNTech news from the other day concerning the massive success of their developmental vaccine in early trials; namely, the success of the vaccine in preventing symptomatic infections in volunteers. The DAX index is currently about to test a crucially important resistance area that was last reached in the wake of the coronavirus turmoil. Even still, there are [...]

Just mere hours before the election results from each separate state start pouring in, the stock market is at an impasse. Yesterday, tech stocks were able to recuperate slightly following a massive plunge last week, which is a sign of resistance from the market bulls. Nevertheless, the continuation of the bullish rally is still very much in question. Depending on who wins tonight, the Nasdaq is likely to [...]

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 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. [...]