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?

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. [...]

The cable remains on its ascending course in spite of, or perhaps precisely because of, all of the recent developments. The BioNTech and Pfizer vaccine news coupled with Moderna's promising performance have reinvigorated investors' enthusiasm. Markets are riding high at present because investors believe that such a game-changing vaccine would allow global economic activity to reach pre-pandemic levels swiftly. [...]

The most popular currency pair in the world has undergone through several quite turbulent and eventful days recently. Joe Biden's victory in the US Presidential Race was undoubtedly the most fundamentally significant development from last week, which is bound to exert long-lasting impact on the pair. The effect of the new President-elect soothed the stirred stock market but many questions remain uncertain. [...]

The past several days have been quite tumultuous for the GBPUSD, in light of the reinstated lockdowns in England, and the entry of the final stage of the Presidential race in the US. Even so, the next five days are poised to be even more volatile for the cable. What follows next in the economic calendar is arguably the most eventful week for the entire 2020 with BOE and FED's interest rate decisions [...]

The EURUSD appears to be undergoing through another fundamental change – the temporary role of the euro as a safe-haven pandemic currency, which was bestowed upon the single currency during the summer months of this year, is now being challenged. The exponential uptick of COVID-19 cases across Europe has prompted many governments to reimpose stricter containment measures, and many social commentators have [...]

The cable is set to have another turbulent week ahead. Protracted Brexit woes continue to exacerbate the underlying volatility currently affecting the British pound, as trade negotiations between the UK and the EU have reached a new impasse. Boris Johnson, who is playing a hard-line role opposite Angela Merkel and Emmanuel Macron, has until this Friday (15th of October) to decide whether to break off the talks [...]

The recent dollar rally signifies a major change in the underlying dynamics of the global capital markets. The greenback has been sliding for the better part of the summer months, as international investors started betting on the euro as a new easily convertible, safe-haven currency during the coronavirus crisis. This process was changed recently, following FED Chair Jerome Powell's momentous speech at the [...]

The GBPUSD gave contrarian traders another reason to be excited yesterday when it suddenly changed course and started depreciating. What is even more interesting is that it did so in a spectacular fashion - by developing a very easily discernible 'Shooting Star' candle on the daily chart, which represents a classic trend reversal pattern. This has excited bears who have been waiting for the emergence of a [...]

The substantial bullish run of the British pound over the last several weeks drove the pair above the psychologically significant threshold of 140.00. This level, which had previously served the role of major support, was last broken prior to the beginning of the market crash that was triggered in the early days of the coronavirus crisis. Even though this represents a significant accomplishment for the [...]