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. [...]

The EURUSD has advanced considerably over the past several weeks, and the long-awaited correction still hasn't arrived. The greenback is still reeling from the massively disappointing U.S. employment data for April, which drove the pair even higher on Friday. [...]

The EURUSD rebounded from the recent peak following a sizable global resurgence of new Covid-19 cases. Uncertainty is on the rise yet again amidst the new global wave causing an uptick in confirmed cases despite the global vaccine rollout. As a result of that, demand for the weakened dollar is growing swiftly, as investors seek refuge against pandemic uncertainty. [...]

The GBPUSD has been flexing muscles over the past several days as the pair recuperated from the last dip. The price action is currently establishing a new upswing, testing the upper boundary of a major Flag pattern. If it manages to break out higher, this could very likely confirm the strong bullish pressure in the market. Such a turn of events would also signify the potential continuation of the previous [...]

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? [...]