A bullish reversal on the EURUSD appears to be completed now because of the recent woes for the greenback. With the changing market sentiment on the pair, bulls can now look for a chance to utilise trend continuation strategies on the newly emerging uptrend. Two leading factors are causing the dollar to tumble in the short term. Amazon's disappointing earnings numbers for the second quarter have prompted [...]

The price of the cryptocurrency temporarily fell below the psychologically significant 30000.0 mark this week before returning back above this major threshold. Part of the reason why the crypto advanced had to do with Elon Musk's recent comments concerning Tesla and SpaceX, saying that both companies use Bitcoin. Musk also stated that Tesla would likely increase its holdings of Bitcoin, provided that the [...]

The GBPUSD is currently finding itself in a very strong downtrend whose development we have followed over the last couple of months. Part of the reason for the strengthening of the U.S. dollar has to do with the fact that the market has already priced in FED's inflationary policy. The greenback is also likely to be bolstered this week with the beginning of the new earnings season in the U.S. That is so [...]

Temporary bullish momentum on the EURUSD was reinvigorated last week following the adoption of a new inflation goal by the European Central Bank. Nevertheless, the broader sentiment still looks tilted in favour of the greenback, as the U.S. economy continues to recover robustly. This setup entails a likely continuation of the current pullback towards the next psychologically significant barrier [...]

Bearish sentiment continues to rise on the GBPUSD as the dollar strengthens, though there appears to be a minor bullish pullback currently in the making. This temporary break in GBPUSD's downtrend would allow bears to utilise trend continuation strategies and catch the next reversal. On the one hand, the pound remains under pressure as the pandemic situation in the UK remains tight. This is owing to a [...]

The price of Bitcoin has been recuperating since last week, after having fallen temporarily below the psychologically significant support level at 30000.0. Counterintuitively, perhaps, part of the reason for the strengthening of the cryptocurrency has been the latest clampdown on crypto exchanges by a financial regulatory. [...]

The price of the EURUSD looks ready to continue plunging once the temporary bullish pullback is completed. A new downtrend started emerging recently, following the highly pivotal FED meeting for June. The Federal Reserve adopted a distinctly more hawkish policy stance, which reinvigorated the struggling dollar. [...]

A bearish reversal on the cable has been expected for quite a while now, and economic data from this week may finally catalyse such a drop. The release of the latest consumer price data in the U.S. on Thursday is projected to underpin a sizable decrease in inflation on a monthly basis, which would be inlined with FED's medium-term projections. [...]

The EURUSD has been climbing for the past several weeks, and there still seems to be spare bullish capacity for more gains remaining. The pair is nearing a major resistance level of historic importance that could turn out to be a major turning point. This is similar to what is currently being observed on the GBPUSD. [...]

The overbought GBPUSD is set to finally catch up with the growing inflation bubble that has started to tighten its grip on financial markets as of late. Consumer prices are rising globally, driven by soaring commodity prices, which is causing investors to be worried about the prospects of the global economy getting overheated. [...]