In our comprehensive take on yesterday's stock market crash that was published earlier today, we demonstrated the fragile nature of S&P's bullish run. The speculative nature of yesterday's crash was exposed, and it was alluded to the possibility for the implementation of swing trading strategies given the current context of the market. [..]

The price action of the EURGBP has been seesawing since our last analysis of the pair as the market continues to be ostensibly range-trading. As we argued back then, the underlying market conditions are favourable for the implementation of swing trading strategies. Seeing as how the price action is currently nearing another swing high, this could entail fresh opportunities for trading on the expectation for [...]

The EURAUD pair recently reached a new significant bottom, which measures the lowest point in the current bearish trend (lowest point so far). This bottom coincides with one major support level, which gives credence to some expectations for a trend reversal and the establishment of a new bullish upswing. [...]

The price of gold behaved exactly as per our projections from our last analysis of the precious commodity's price action. It consolidated in range while having a last-ditch attempt at continuing the bullish run's establishment. The bullish run itself was initiated in the wake of the coronavirus crisis as more and more investors internationally were seeking to hedge their risks from the uncertainties of the [...]

The main Japanese stock index – the Nikkei 225 – has rebounded from the bottom that was reached in late-March, and subsequently, it was able to correct almost all of the losses that were incurred during the coronavirus crash. The present stock market rally is so considerable that the price action of the index is currently nearing a prominent Distribution area, which marked the end of the previous bullish run.

Tesla's operations were affected severely by the coronavirus crisis as the pandemic delivered waves of blows to the car manufacturer's supply and demand outlooks. On the one hand, the lengthy lockdowns in China and elsewhere from the beginning of the year distorted production. On the other, muted global demand across the industry drove Tesla's sales down.

The GBPJPY has been strengthening for five consecutive days, and it's fair to say that the price action of the pair is trending when examined on a smaller timescale. It follows that trading the GBPJPY at present would entail the implementation of trend continuation strategies, provided that the underlying market conditions remain unchanged in the next few days.

Since the initial market crash from the coronavirus crisis concluded, various market experts and commentators have started to weigh in on the likely scope of the subsequent correction. Chiefly, they wanted to discern whether set correction is going to turn out to be a minor retracement in an otherwise bearish market, or if it could signify the beginning of a renewed bullish run.

The energy market appears to have finally stabilised following the historic collapse that took place just a little over a month ago. The price of crude oil tumbled to negative rates in late-April because of several contributing factors. At that time, the disagreements between the member-states of OPEC+ concerning production output coupled with the height of the coronavirus crisis threw the energy market into disarray. [...]

As we have already argued on several occasions, the coronavirus crisis is entering into a new stage of its development. The market is transitioning from the volatile and unpredictable early days of the crash into a more tamed and relaxed form. This transition has subsequently prompted many financial instruments across multiple asset classes to form major consolidation ranges, as the underlying price actions become increasingly subdued. [...]