Over the last couple of weeks, the GBPJPY pair has been establishing a major bullish pullback, primarily driven by heightened investors' optimism in Britain. The latter was triggered by the easing of government restrictions in the UK despite persisting delta variant complications. Presently, the impact of this optimism seems to be waning. [...]

FED Chair Jerome Powell's speech at the Jackson Hole Symposium last week jolted the U.S. dollar as he cautioned against premature policy intervention. This exacerbated the greenback's woes in the short term and prompted a sizable upswing on the price action of the EURUSD. Even still, there is light at the end of the tunnel for EURUSD bears. The Bureau of Labour Statistics (BLS) in the U.S. is scheduled to [...]

The recent pullback of the GBPUSD appears to have reached a fresh peak ahead of the highly anticipated speech of FED Chair Jerome Powell at the Jackson Hole Symposium, which is scheduled for tomorrow. He is expected to talk about the possibility of FED tapering by early 2021, which is likely to bolster the dollar. Meanwhile, the pound continues to be pressured as the pace of recovery of the British [...]

The price action of GBPJPY is currently in the process of establishing a bullish pullback within a broader downtrend. Similarly to other assets, this corrective movement is resulting from the temporary depreciation of the greenback in the short term. This means that bears would have a chance to utilise trend continuation trading strategies once the pullback peaks and the price action is ready to resume [...]

Bullish bias on the EURUSD increased marginally last week following the publication of the latest inflation numbers in the U.S. The dollar weakened temporarily because headline inflation remained flat at 5.4 per cent from a month prior. However, the prevailing market sentiment remains ostensibly bearish-oriented. The greenback is likely to strengthen this week on the U.S. retail sales data, which is [...]

The price action of Bitcoin has been trading directionally for the past few weeks without experiencing a lot of adverse fluctuations. Such a type of concise and non-random price action is demonstrative of strong underlying commitment in the market. This is what is currently creating textbook trading opportunities for bulls and bears alike, as the price action establishes subsequent peaks and bottoms within [...]

GBPUSD is still in the process of developing a major bearish reversal on the daily chart, despite that bullish pressure has increased recently. This disparity in the behaviour of the price action on charts with different timescales creates an opportunity for bears to utilise trend continuation trading strategies. In particular, they can look for an opportunity to sell at the next peak of the presently [...]

A bullish reversal on the EURUSD appears to be completed now because of the recent woes for the greenback. With the changing market sentiment on the pair, bulls can now look for a chance to utilise trend continuation strategies on the newly emerging uptrend. Two leading factors are causing the dollar to tumble in the short term. Amazon's disappointing earnings numbers for the second quarter have prompted [...]

The price of the cryptocurrency temporarily fell below the psychologically significant 30000.0 mark this week before returning back above this major threshold. Part of the reason why the crypto advanced had to do with Elon Musk's recent comments concerning Tesla and SpaceX, saying that both companies use Bitcoin. Musk also stated that Tesla would likely increase its holdings of Bitcoin, provided that the [...]

The GBPUSD is currently finding itself in a very strong downtrend whose development we have followed over the last couple of months. Part of the reason for the strengthening of the U.S. dollar has to do with the fact that the market has already priced in FED's inflationary policy. The greenback is also likely to be bolstered this week with the beginning of the new earnings season in the U.S. That is so [...]