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. [...]
Read full analysisThe price of crude oil has been advancing in a very strong uptrend over the past couple of weeks. The rally was influenced by robust energy demand globally as economies continue to reopen and economic activity picks up. This pick-up in aggregate activity continues to be dependent on the vaccine rollout and future progression of the pandemic. [...]
Read full analysisThe 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. [...]
Read full analysisNasdaq's luck seems to be running out as the stock market becomes increasingly more bearish-looking. This could mark the beginning of a new sizable downtrend. The impact of market seasonality is already playing a pivotal role in diminishing the overall liquidity in the market as the general trading activity falters. Meanwhile, paradoxically as it may seem, improving economic outlook could derail [...]
Read full analysisThe price of gold has been depreciating over the last couple of weeks after having reached a psychological barrier. The downturn was catalysed by mixed labour data in the U.S. and growing energy demand globally. The correction is momentarily halted by increased bullish momentum in the short term. The latter is owing to relaxed inflation fears among traders and investors, ahead of the highly anticipated [...]
Read full analysisThe German DAX index is currently trading at around 15700.00 basis points, which represents its all-time high. The underlying rally was fuelled by solid industry numbers in Germany for the month of May, which inspired investors to believe that the digitalisation process of the Eurozone economy is going according to plan. [...]
Read full analysisThe energy market has benefited greatly by heightened demand amidst accelerating global recovery. This has prompted a massive bullish rally on the price of crude oil, which reached the psychologically significant resistance level at 70.00. Nevertheless, the latter represents a prominent turning point, which is why the emergence of a new bearish correction from it in the short term seems highly plausible. [...]
Read full analysisA 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. [...]
Read full analysisThe 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. [...]
Read full analysisThe price of Gold is headed towards a multi-month high as demand ramps up in the short term. Traders and investors are sizing up the impact of inflation growth on the pace of U.S. recovery, which is already being reflected in the commodities market. All eyes are currently focused on the upcoming non-farm payrolls data, which is likely to bolster these inflation pressures. In particular, a potentially robust [...]
Read full analysisThe 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 crude oil has been advancing in a very strong uptrend over the past couple of weeks. The rally was influenced by robust energy demand globally as economies continue to reopen and economic activity picks up. This pick-up in aggregate activity continues to be dependent on the vaccine rollout and future progression of the pandemic. [...]
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. [...]
Nasdaq's luck seems to be running out as the stock market becomes increasingly more bearish-looking. This could mark the beginning of a new sizable downtrend. The impact of market seasonality is already playing a pivotal role in diminishing the overall liquidity in the market as the general trading activity falters. Meanwhile, paradoxically as it may seem, improving economic outlook could derail [...]
The price of gold has been depreciating over the last couple of weeks after having reached a psychological barrier. The downturn was catalysed by mixed labour data in the U.S. and growing energy demand globally. The correction is momentarily halted by increased bullish momentum in the short term. The latter is owing to relaxed inflation fears among traders and investors, ahead of the highly anticipated [...]
The German DAX index is currently trading at around 15700.00 basis points, which represents its all-time high. The underlying rally was fuelled by solid industry numbers in Germany for the month of May, which inspired investors to believe that the digitalisation process of the Eurozone economy is going according to plan. [...]
The energy market has benefited greatly by heightened demand amidst accelerating global recovery. This has prompted a massive bullish rally on the price of crude oil, which reached the psychologically significant resistance level at 70.00. Nevertheless, the latter represents a prominent turning point, which is why the emergence of a new bearish correction from it in the short term seems highly plausible. [...]
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 price of Gold is headed towards a multi-month high as demand ramps up in the short term. Traders and investors are sizing up the impact of inflation growth on the pace of U.S. recovery, which is already being reflected in the commodities market. All eyes are currently focused on the upcoming non-farm payrolls data, which is likely to bolster these inflation pressures. In particular, a potentially robust [...]