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 [...]

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 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 [...]

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 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 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 [...]

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 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 [...]

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. [...]