The GBPUSD has been affected by the coronavirus tribulations arguably even more than other currency pairs. On the one hand, there have been on and off resurgences in the aggregate demand for the US dollar throughout the different stages of the coronavirus crisis, which have been prompted by its globally recognised status as a safe-haven asset.

Looking back at some of our most recent analyses that were published last week, the continually evolving coronavirus situation on the global markets appears to be preparing to enter into its next developmental stage. Our examinations of the French CAC 40 index, wheat and the USDCHF pair, all seem to outline several distinctive stages that were present in the commodities, FX, stocks and other markets. [...]

Apple's share price has been on the rise since our previous analysis of the technological giant's performance, and it is currently nearing a crucial test level for the bullish commitment in the market. The price action is coming closer to the historical resistance level at 325.00, and a break out above it would mean a breakout into uncharted territory further north. [...]

The stars finally seem to be aligning favourably for the European stock market. Most states within the EU have started to reopen their economies, which allows for the general economic activity to begin normalising gradually. There are also positive indications for the swift development of a drug for COVID-19, as well as a vaccine for treating the SARS-Cov-2 pathogen. [...]

Recently it was announced that Warren Buffett has decided to sell nearly 90 per cent of his Goldman Sachs shares amidst rising coronavirus concerns and prevailing uncertainty in the stock market. The sweeping turmoil in the market has drastically changed the top investor's outlook on the intrinsic value of assets after being jolted by these pandemic developments, and he appears to be looking for a new safe-haven harbour to invest into.

As it's been shown numerous times over the last couple of weeks, the market currently finds itself in a transitionary stage – the initial coronavirus crash is now concluded, and most asset classes have started consolidating within narrow ranges in the wake of the crisis' aftermath. The EURGBP, too, has been undergoing through a stretch of somewhat muted price action, but the pair has also been establishing [...]

The USDCHF is one of those assets whose price action has become decidedly muted over the last several days and weeks, following the coronavirus market crash in early March. Diminished adverse volatility and the general transition of the market within a decisive range-trading environment, are both indications of an asset's stabilisation in the wake of a substantial market turmoil. [...]

A trader's job is to be constantly looking for congruency in all indicators that he or she uses when picking an asset for trading. When 2,3 or more underlying indicators all point to the same likely outcome concerning the price action of a particular asset, the probability of the market panning out in that way is increased. [...]

The WTI tumbled to nearly -$40 per barrel when the May futures contracts expired in late April, but has subsequently managed to bounce back to around $25 per barrel. Following this momentary 'stabilisation', the price of crude has started to consolidate within the boundaries of a narrow range, as investors wait to see whether global demand would pick up now that more and more states are working towards gradually reopening their economies. [...]

Arguably the most important conclusion that can be drawn from the recently finished earnings season in the States is that Big Tech and other companies in the technological sector have had an overall robust first quarter. Despite the ongoing coronavirus crisis, which has affected so many other industries, the tech sector remains not only relatively unscathed by the economic fallout, but it even manages to continue growing. [...]