The long-anticipated reversal on the price of crude oil may finally be on the horizon, given the latest developments on the price action of the commodity. However, right off the gate, it should be stated that the ongoing energy crisis continues to be the biggest determinant of the heightened demand for gas, which has a spillover effect over crude oil as well. That is why bears should be especially cautious [...]

The price action of the GBPUSD has been establishing a major bullish pullback over the last couple of weeks on the unusual dollar weakness that was observed over the same period. It was triggered by a mixture of various contributing factors, including the stagnating pace of global recovery and a resurgence of demand for higher-yield assets. This trend can now be challenged by shifting market sentiments. [...]

The price of gold is currently probing the psychologically significant resistance level at 1800.00, which might prove to be an impregnable obstacle, at least for the time being. There is a confluence of mounting bearish indications, all pointing to a likely upcoming reversal from this threshold, which means bears can try to implement contrarian trading strategies. [...]

The Nasdaq composite index completed a major 1-5 impulse wave pattern recently, as postulated by the Elliott Wave Theory. It was then followed by a corrective ABC structure, which implies the completion of a major cycle. Since the price action very possibly finds itself in the early stages of a new major cycle, this could present traders with the opportunity to enter early into the development of a new trend. [...]

The price action of the GBPJPY pair generated a remarkable, bullish trend over the last couple of weeks, as the pound gained ground against most of the other major currencies. As has already been stated on multiple occasions, part of the reason for the nearly vertical rally is the global energy crisis, which has prompted heightened investors' demand for lower-risk securities. [...]

The greenback has been on the retreat since last week as the global economy got embroiled in a new energy crisis. It began with the petrol shortages in Britain before growing into an international geopolitical crisis. These developments stymied the rally of the dollar from beforehand, which was inspired by robust industrial numbers. Nevertheless, weaker-than-expected employment data for September contributed [..]

The price of crude oil has rallied considerably over the last several months as global energy demand increased materially. Part of the reason is the slightly more hawkish rhetoric implemented by some of the most prominent central banks, which alludes to the progress that has been achieved so far in overcoming the economic crunch from last year. There have also been other more recent contributing factors [...]

The price action of gold appears to be consolidating within the boundaries of a narrow range in the short term, even though bearish pressure continues to be increasing slowly but steadily. This could create a favourable setup for implementing trend continuation strategies by bears looking to sell the peak; however, such a scenario would be subject to several key developments. The most significant [...]

The GBPUSD is developing a new bearish trend, which will likely continue evolving over the next weeks and months. Selling pressure started accumulating over the last few weeks, and following the completion of a minor bullish pullback, the price action looks ready to resume heading lower. One of the most substantial reasons as to why this is the case is that, as it is about to be seen, the new downtrend [...]

The price action of the GBPBJPY is currently probing a major support level that has been prevalent over the last few months. It serves as the lower limit of a broad Distribution range, as postulated by the Wyckoff Cycle theory. Hence, if the price action manages to penetrate below it decisively, this would likely mark the beginning of a new downtrend that is likely to develop over the next several months. [...]

Despite the solid global recovery, demand for crude oil is likely to wane by the end of the year. In turn, this transformative change in the commodity's underlying supply and demand dynamic is likely to drive its price below $50 per barrel over the same period. Part of the reason for the current rally is owing to the persisting conformity of OPEC members under the organisation's Declaration of Cooperation [...]

The strong bullish momentum of the U.S. dollar is growing stronger by the day, and the development of a new major downtrend on the price action of the EURUSD now seems very likely. The pair has shed away most of the gains it generated in the wake of the coronavirus crash in early 2020, and, as it's about to be seen below, it's currently probing the second out of three major support levels that were [...]

The price action of gold is currently drawing near the lower limit of the massive consolidation range that was outlined in our previous analysis of the commodity. Given the underlying range-trading environment, bulls can try to take advantage of this by going long on the expectations for another rebound. Bearish pressure was bolstered over the last few days as headline inflation in the U.S. and Europe is [...]

Bearish bias keeps rising on the price action of the GBPUSD pair, which alludes to the likely emergence of a new major downtrend. The underlying fundamentals seem to be corroborating this assertion as well. The August Consumer Price Index (CPI) numbers in the UK exceeded the preliminary forecasts whereas the recorded inflation over the same period in the U.S. fell short of the initial expectations. [...]

The price of the Nasdaq composite recently started developing a new bearish correction, as was forecasted by our previous analysis of the index. Even still, the broader rally still looks quite solid, which means that bulls can look for an opportunity to enter long at the bottom of the correction by implementing trend continuation strategies. [...]

Over the last couple of weeks, the GBPJPY pair has been establishing a major bullish pullback, primarily driven by heightened investors' optimism in Britain. The latter was triggered by the easing of government restrictions in the UK despite persisting delta variant complications. Presently, the impact of this optimism seems to be waning. [...]

At its recent meeting, OPEC tried to sound optimistic about the near future of the energy market. However, the minutes from the 20th Ministerial Meeting of OPEC left many uncertainties. OPEC expects to see persistently high demand by the end of the year, which does not reflect the latest economic developments globally. Labour market conditions in the U.S. have worsened last month and the spread of the [...]

FED Chair Jerome Powell's speech at the Jackson Hole Symposium last week jolted the U.S. dollar as he cautioned against premature policy intervention. This exacerbated the greenback's woes in the short term and prompted a sizable upswing on the price action of the EURUSD. Even still, there is light at the end of the tunnel for EURUSD bears. The Bureau of Labour Statistics (BLS) in the U.S. is scheduled to [...]

The price action of gold managed to penetrate above the psychologically significant resistance level at 1800.00 towards the end of last week's trading session. It remains to be seen whether the price action would manage to remain above this crucial threshold or a potential reversal would signal the beginning of a new downtrend. The reason for the bullish spike above this make-it-or-break-it point were FED [...]

The recent pullback of the GBPUSD appears to have reached a fresh peak ahead of the highly anticipated speech of FED Chair Jerome Powell at the Jackson Hole Symposium, which is scheduled for tomorrow. He is expected to talk about the possibility of FED tapering by early 2021, which is likely to bolster the dollar. Meanwhile, the pound continues to be pressured as the pace of recovery of the British [...]