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 EURUSD started developing a new major downtrend recently, as per our earlier projections. By the end of last week, however, the price corrected some of the losses by retracing up north. Seeing as to how the underlying price action still appears to be entailing ostensibly bearish bias, this could create some interesting trading opportunities. [...]

The GBPUSD pair has been flexing muscles for quite a while now, refusing to go down just yet despite continuously mounting expectations for a new bearish correction. The reasons for the pound's strength are complex - from post-Brexit optimism to strong global demand for riskier securities. This rally is poised to cave in eventually and given this week's busy schedule, this could happen in the very near [...]

The EURUSD failed to break out above the historic resistance level at 1.23000, which was the primary focus of our previous analysis of the pair, thereby, effectively concluding the preceding bullish trend. In that regard, the underlying trading setup remains the same - take advantage of the subsequent trend reversal into bearish territory. [...]

The GBPUSD pair currently finds itself at a particularly interesting situation as both the sterling and the U.S. dollar seem to be greatly affected by external pressures. On the one hand, the pound underwent a tremendous bullish run last year on Brexit optimism, culminating with the signing of a highly anticipated trade deal between the U.K. and the E.U. [...]

Whenever the market is advancing towards historic heights or plummeting near record depths, traders' opinions tend to be really polarised - some expect to see the trend continuing to break records while others anticipate an immediate reversal. It is usually the case with trading that one of those two groups is right. But why is this common knowledge worth mentioning at all?

The past several days have been especially intriguing, given the market's reactions to the AstraZeneca vaccine news and the latest developments in Washington. Gold tumbled yesterday as mounting, promising evidence underpins the development of a viable vaccine against the coronavirus. This market reaction demonstrates the sudden decrease in global demand for safe-haven assets and other low-risk securities. [...]

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. [...]