The GBPCHF pair has been trading in a relatively narrow range for the past several weeks due to lower trading activity during the summer months. However, the pair also appears to be building momentum as it is currently in the early stages of creating a new directional swing. Heightened volatility can be anticipated to affect GBPCHF's price action in the near term due to two crucial developments. [...]

The AUDNZD recently attempted to develop a new bearish trend, but a resurgence of bullish pressure temporarily impeded this process. The strengthening of the Australian dollar was prompted by robust industrial data in China, which remains Australia's most important trade partner, coupled with the welcoming news concerning Moderna's progress in developing a vaccine against COVID-19. [...]

Microsoft, one of the Big Four in the US tech industry, is scheduled to report its earnings data for the fourth fiscal quarter later today. The release of the earnings numbers and the subsequent press conference is expected to take place after today's market close. Interestingly, the Earnings Per Share forecasts were downwardly revised over the last few days. The initial market expectations projected an [...]

The USDCAD pair has been trading within the boundaries of a narrowly defined range since the 12th of June. The muted price action is the result of many contributing factors. Chiefly, the reopening of the US economy has led to an increase in the number of COVID-19 cases, which, in turn, has reinvigorated investors' fears over the possibility of new rounds of government restrictions. [...]

The EURJPY pair has been advancing for over a month now on the continuously evolving fundamental factors. The most recent hike was initiated in late-June when Germany and France - the largest and second-largest economies in the Eurozone respectively - delivered better-than-expected industrial numbers for June. Notable gains in the services and manufacturing sectors of the two countries' industries were [...]

The GBPCAD's price action is currently undergoing through a transitionary stage – the existing range-trading environment is about to become trending. This process is not going to be finished overnight; however, being aware of the long-term trends would allow traders to exploit all present and future trading opportunities. As it is about to be seen below, the GBPCAD is currently in the early stages of [...]

The EURUSD has been advancing in a solid bullish trend since the 18th of May. The bullish run itself was at least partially inspired by the flaunts of a potential vaccine against COVID-19 that were made at that time. In addition to the sweeping enthusiasm that eased the general outlook on the global capital markets in the second quarter, other fundamental factors contributed to EURUSD's hike. [...]

Following the release of Bank of Japan's monetary policy statement from earlier today, the demand for the Yen started surging due to the admissions of Governor Kuroda and his colleagues. Overall, the undertones of BOJ's statement signalled the likelihood of a protracted recovery for the Japanese economy. Additionally, the statement was intended to stress on the unpredictable nature of the coronavirus [...]

The price of crude oil has been trading horizontally in a very tight range since the beginning of June. So far, the commodity's bullish run, which was initiated in the wake of the oil market crash, appears to have reached a deadlock, and is struggling to advance higher. Oil's price has been trading around the psychologically important threshold of 40 dollars per barrels since the 5th of June. [...]

The USDJPY has been range-trading since mid-April, and the pair continues to be consolidating within the same narrow area that was established in the wake of the initial coronavirus crash. The underlying market sentiment is suitable for the implementation of swing trading strategies, as the price action continues to bounce between the two limits of the underlying range. [...]