The EURUSD is consolidating ahead of the March Non-Farm Payrolls in the U.S, similarly to the behaviour of the GBPUSD. Additionally, the pair's price action appears somewhat subdued today because of low trading activity (today is Good Friday, a major Holiday in Western Europe and the U.S.). Traders should keep in mind that low liquidity oftentimes leads to adverse fluctuations because of a lack of general [...]

The GBPUSD is forming a new downtrend, despite the fact that the pound, bolstered by robust economic data in the U.K., continues to show resilience to the mounting bearish pressure. That is why other currency pairs involving the greenback have already dived more than the cable has, but even the GBPUSD is starting to be affected by changing market sentiment more noticeably. [...]

The GBPUSD is still summiting near the peak of its recent rally, and traders wonder whether the cable has enough strength left to continue climbing. The continuation of the rally would be subject to whether the currently developing swing high manages to surpass the previous one. And the fact that the price action is presently probing a psychologically significant resistance raises the stakes even more. [...]

The EURUSD pair currently finds itself in a firm downtrend, which looks poised to continue depreciating soon. In fact, the underlying price action is currently establishing a minor bullish correction that likely serves the role of an intermittent break in the development of the broader downtrend. It remains to be seen whether this correction's completion will be followed by continued price depreciation, which [...]

The EURUSD is currently in the process of establishing a Distribution range, as postulated by the Wyckoff cycle theory. What this implies is that the pair is transitioning from the established bullish trend into a new possible downtrend, a process that could take up to several weeks to complete. Nevertheless, the situation looks different in the shorter-term following a recent bullish rebound. [...]

The GBPUSD has been performing exceptionally well over the last several weeks, consistently beating the odds. The pair has been trading over a multi-year high for over a week now and is currently threading below the psychologically significant resistance at 1.40000. Could this major barrier catalyse the long-awaited bearish correction for the overbought pair? [...]

The price of WTI continues to trade around the psychologically significant resistance level at 60.00 in anticipation of another directional movement. Following the completion of a massive bullish uptrend recently, the commodity's price has begun to consolidate as bearish pressure ramps up. This can potentially be perceived as the early stage in the development of a new downtrend, provided that the bears manage [...]

The price of gold recently rebounded from the 61.8 per cent Fibonacci retracement level at 1690.36 and has been consolidating above it since the middle of March. This is significant news for a number of reasons. Firstly, the 61.8 per cent benchmark represents the final Fibonacci threshold in a sequence (it follows the 23.6 and the 38.2 per cent marks), which means that the price action currently finds itself [...]

The underlying supply and demand equilibrium in the energy market is currently changing. Demand is falling as the global economic recovery is presently undergoing through a soft patch owing to a number of contributing factors. This is prompting the beginning of a new bearish correction on the price of crude oil. [...]

The price of gold reached a new low yesterday, temporarily probing below the 61.8 per cent Fibonacci retracement level at 1690 before retracing back up. While this behaviour undoubtedly demonstrates the strength of the underlying downtrend, there are also many reasons to anticipate a reality check for the retreating commodity around the current market price. [...]

Crude oil opened this week's trading session by nearing a price tag of 68.00 dollars per barrel before retracing back to 66.30. The jump was caused by fears of escalating tensions in the gulf, underpinned by the raging war between Saudi Arabia and the Iran-backed Houthi rebels. The Saudi Energy Ministry reported that a drone strike targeted an oil storage tank on Sunday, stirring temporary panic over potential [...]

The precious commodity finds itself in a solid bearish market at present, which is owing to the heightened demand for riskier assets amongst global investors. The latter stems from the fact that U.S. yields remain at historically low levels due to FED's massively accommodative monetary policy stance. The high energy prices currently represent another contributing factor. [...]

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 [...]

German stocks have been rallying over the past couple of weeks, ever since the publication of the latest industrial numbers in Germany, which proved to be quite robust. The rally of the DAX was further supported by the recuperation of the euro over the last several days. Despite the persisting bullish bias as of late, however, the DAX index's uptrend, which currently finds itself near its all-time high, looks [...]

The German DAX index received a major boost last week from the country's overwhelmingly positive manufacturing and services numbers for the previous month. Germany continues to grapple with the coronavirus pandemic because of persisting problems with its vaccination plans; however, the biggest economy in the Eurozone benefits from a global pickup in economic activity. [...]

The tech sector in the U.S. retreats while the dollar advances. The contributing factors are many, but several key developments warrant closer inspection. Firstly, global demand is currently falling, which is evident in the energy market and in the price of crude oil. Secondly, investors' sentiment was shaken recently owing to the vaccine-rollout tribulations and the adamantly dovish stance of the FED on [...]

German stocks are struggling to continue driving the existing rally higher in the midst of the latest global developments. As a result of that, the DAX index is still unable to break out above the psychologically significant resistance at 14000.000, after several failed attempts. The future of the bullish market is jeopardised by shifting investors' sentiment. U.S. Treasury yields recently picked up from [...]

The Nasdaq Composite index has been threading around the psychologically significant resistance level at 14000.00, which represents an all-time record for the index, for a couple of days now, and traders are keen on seeing what happens next. More precisely, they would like to know whether the existing uptrend is strong enough to break out above the resistance, or the time has come for a new correction. [...]

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 [...]