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. [...]

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 [...]