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 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. [...]

The GBPUSD has been trading within the boundaries of a narrowly defined range since the aftermath of the coronavirus crisis in late-March. The persisting uncertainty relating to the economic fallout from the pandemic coupled with the protracted Brexit negotiations have prompted the pair's seemingly directionless price action within the confinements of the range. [...]

The EURGBP seesawed during the most turbulent times of the coronavirus crash in March, but the pair's price action has stabilised since then. Recently, it established a new peak in the underlying bullish trend's progression, which could be the final step of its development. A bearish trend reversal has been anticipated ever since we examined the EURGBP in our previous analysis, and at present, this assertion [...]

The AUDNZD did not manage to break out above the Distribution range that was outlined in our last analysis of the pair's price action. As it was argued back then, the AUDNZD appears to be in the early stages of developing a new bearish trend, and this assertion is now further supported. The underlying price action is increasingly exhibiting behavioural traits that are typically associated with prevailingly [...]

Despite the recent resurgence of confirmed COVID-19 cases globally, investors' sentiment seems to be improving . This tendency is supported by the robust performance of US banks, which was revealed by FED's stress tests . While severe uncertainty continues to weigh down on the prospects for global recovery, the underlying economic conditions seem to be stabilising. [...]

Ever since the coronavirus crisis started jolting the financial markets in late-February, investors and traders worldwide looked for safe-haven securities with low associated risk to protect their capitals against the spurring uncertainty. Several months into the constantly evolving situation and the Euro emerges as one of the most sought after assets. [...]

The underlying volatility on the USDJPY pair heightened over the last several days, as global fears over a second coronavirus wave intensified. These concerns stem from the fact that newly confirmed cases appear to be surging as governments ease their containment restrictions. As a consequence, the demand for safe-haven assets such as the Japanese yen and gold soared, just as the overall uncertainty started [...]

Ever since the FED decided to adopt a looser monetary policy in early-July , the previously struggling dollar received the necessary support from the FOMC to pause its freefall against other major currencies. The near-term surge in demand for the greenback is attributed to heightened investors' optimism. It stems from the more than likely survival of the US financial system due to [...]