Bearish pressure continues to weigh down heavily on the energy market. Still, the behaviour of crude oil's price action in the short term is demonstrating early signs of a probable bullish pullback currently in the making. The monetary policy minutes from BOE's August meeting underscored the expectations of the Policy Committee (MPC) for stable recovery over the next several months, despite the fallout [...]

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 commodity appears to be consolidating near the bottom portion of a recent correction before the broader uptrend can be continued. Even though this represents a preliminary stage in the establishment of an eventual uptrend, bulls should not rush to join the market at all costs. Presently, all eyes are focused on the earnings season in the U.S. The robust performance by Big Tech, especially [...]

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 [...]

The price of crude oil has been depreciating over the past few weeks as global energy demand subsided a little bit. This process was bolstered following the last FED meeting. Even though the current underlying sentiment is prevailingly bearish, it is unlikely for crude oil to develop a major bearish trend. Instead, the price of the commodity is likely to consolidate around the next Fibonacci support [...]

The Nasdaq Composite index has advanced considerably over the past few weeks, even though the underlying sentiment is not ostensibly trending. This is caused by mounting adverse volatility in the market. These erratic fluctuations could prompt a broader bearish correction in the near future. Selling pressure continued to accumulate yesterday following Jerome Powell's, Chair of the Federal Reserve [...]

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 [...]

The price of gold has been consolidating over the past few weeks after having established a major bearish dropdown. This interim consolidation now seems to imply that the correction has already bottomed out, which, if true, would mean that bulls can once again trade on the expectations for the continuation of the broader uptrend. These expectations for sustained price appreciation are rooted in the fact [...]

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 [...]