Similar to what we argued concerning the Nasdaq index yesterday, the German DAX seems to be in the same position. German share prices have been rallying alongside the global stocks hike, and now the biggest index in Germany has even managed to reach above the peak that was reached just before the coronavirus crash of early 2020. [...]

At the close of last week's trading session, the Nasdaq composite broke out above the psychologically significant resistance level at 13000.00 and closed at an all-time peak (13105.20). The U.S. technological sector is evidently performing quite well just days before the beginning of the new earnings season. The appeal for tech stocks has risen over the recent weeks due to the historically low yields in [...]

The GBPUSD pair currently finds itself at a particularly interesting situation as both the sterling and the U.S. dollar seem to be greatly affected by external pressures. On the one hand, the pound underwent a tremendous bullish run last year on Brexit optimism, culminating with the signing of a highly anticipated trade deal between the U.K. and the E.U. [...]

OPEC's tremendous efforts to stabilise the energy market in the wake of last year's crash, when at one point oil futures were trading below zero dollars per barrel, are starting to pay off. Officials of the organisation had previously stated that members have to join efforts to recalibrate the jolted supply and demand equilibrium; something that they appear to be on track to achieve. [...]

Whenever the market is advancing towards historic heights or plummeting near record depths, traders' opinions tend to be really polarised - some expect to see the trend continuing to break records while others anticipate an immediate reversal. It is usually the case with trading that one of those two groups is right. But why is this common knowledge worth mentioning at all?

Markets are open and enthusiastic traders are returning from their Christmas holidays in a good mood, which is poised to affect gold's slumber from the last couple of weeks. The precious commodity, as was anticipated, was mostly trading in a narrow range over set period owing to the low levels of market liquidity. However, this is about to change as trading activity returns to normal. [...]

The price action of the DAX is consolidating just below the pre-crash level at 13450.000 for the third time since the index started recovering in early-April. A potential bearish rebound from this level could entail the termination of the recent bullish rally. In contrast, another breakout would signify the continuation of the rally towards the all-time high near 13900.000. That is why the next step of the DAX [...]

The precious commodity has had a very rough several weeks, tumbling nearly 200 dollars per troy ounce in the wake of the recent vaccine optimism. The reinvigorated investors and traders' enthusiasm catalysed the major selloff, as the global demand for safe-havens and other low-risk securities plummeted. The market is currently riding high on the expectations for a sharp rebound in global economic activity in [...]

All of you movie buffs out there probably immediately understood the reference in the title to the movie "There will be blood". Without getting into too much film trivia here, the story revolves around the early days of the crude oil industry, and today's analysis focuses on the latest developments concerning the price of crude oil futures. [...]

The past several days have been especially intriguing, given the market's reactions to the AstraZeneca vaccine news and the latest developments in Washington. Gold tumbled yesterday as mounting, promising evidence underpins the development of a viable vaccine against the coronavirus. This market reaction demonstrates the sudden decrease in global demand for safe-haven assets and other low-risk securities. [...]