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. [...]

At its recent meeting, OPEC tried to sound optimistic about the near future of the energy market. However, the minutes from the 20th Ministerial Meeting of OPEC left many uncertainties. OPEC expects to see persistently high demand by the end of the year, which does not reflect the latest economic developments globally. Labour market conditions in the U.S. have worsened last month and the spread of the [...]

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 price action of gold managed to penetrate above the psychologically significant resistance level at 1800.00 towards the end of last week's trading session. It remains to be seen whether the price action would manage to remain above this crucial threshold or a potential reversal would signal the beginning of a new downtrend. The reason for the bullish spike above this make-it-or-break-it point were FED [...]

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 [...]

The price of crude oil rebounded abruptly from the historically significant support level at 61.90 yesterday, which indicated the beginning of a new pullback. However, as it is about to be seen below, the price action also demonstrates signs of mounting bearish commitment in the short term, which bears could use to their advantage. The snap rebound was prompted by the weakening of the U.S. dollar from the [...]

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 of gold has managed to recover most of the massive losses that were incurred at the beginning of the week, prompted by the expectations for FED tapering sooner than initially projected. Yet, this pullback is still a far cry from a healthy rally and more of a seesaw backswing. The selling opportunity on the commodity is still very much present, especially given the renewed strengthening of the [...]

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 [...]