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 [...]

The dollar has managed to ease its free fall over the last several days, which has prompted some traders to expect that the worst for the greenback is now over. Even though it would be premature to argue that a complete trend reversal is due, global developments could continue to affect the dollar positively in the near future. The Chair of the Federal Reserve Jerome Powell is due to deliver a speech [...]

The GBPUSD has been consolidating around the major resistance level at 1.31300 since the beginning of August, without being able to break out above it decidedly. In fact, there have been at least eight separate attempts of the price action at advancing above the resistance, all which came to no avail. This protracted struggle of the British pound exemplifies diminishing bullish bias in the market and could [...]

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 price of crude oil's October futures contract tanked on Wednesday by nearly 3 per cent following the latest inventories data in the US. The findings of the weekly petroleum data review for the week ending August 28th confused some traders, which resulted in the massive dropdown. The Energy Information Administration revealed that crude oil inventories had decreased by 9.4 million barrels, whereas the [...]

Gold has advanced by over $500 per troy ounce since the beginning of the coronavirus crisis, as investors started feeling to low-risk securities amidst rising global uncertainty. Recently, the precious commodity even managed to cross above the psychologically significant threshold of $2000 temporarily, but then it retreated from the all-time high at $2074. [...]

The price of crude oil has been trading in a narrow range over the past several weeks, ever since the energy market started stabilising following the OPEC+ deal for the reduction of aggregate production. But even with the oil price war between Saudi Arabia and Russia now being a thing of the past, the next several months look like they are going to be quite turbulent for the precious commodity. [...]

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 [...]

American stocks ceased depreciating last week after the FED released positive data concerning the 2020 stress tests. According to the Board of the Federal Reserve, most US banks have enough liquidity to weather even deeper economic slumps. This means that the overall financial framework in the country can withstand the economic ripples that are to be expected if a second coronavirus wave hits the markets. [...]

In our comprehensive take on yesterday's stock market crash that was published earlier today, we demonstrated the fragile nature of S&P's bullish run. The speculative nature of yesterday's crash was exposed, and it was alluded to the possibility for the implementation of swing trading strategies given the current context of the market. [..]

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. [...]