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. [...]