*Disclaimer: All our blogs are resourced from another website, which Union Traders Society provided these only for reference purpose. Therefore, readers run the risk of taking something out of context.
- March 28, 2023
- Market News
AUD/USD Rises on Positive Retail Sales Data, CPI Ahead
AUDUSD rallied into key resistance around the 0.6700 level. Will we see a break higher with momentum or are we in for another rejection?...
- March 28, 2023
- Technical Analysis
EUR/USD Doesn’t Look Ripe for a Break Above 1.10 Ahead of H.8 Data
The break last week above an important resistance has boosted hopes of a fresh leg higher in EUR/USD. However, it may be premature to conclude an unam...
- March 28, 2023
- Technical Analysis
DAX 40, FTSE 100 May Stabilize Further as Retail Traders Boost Bearish Exposure
Recently, the DAX 40 and FTSE 100 have been stabilizing. Retail traders responded by boosting bearish bets. Is this a sign further gains could be in s...
- March 28, 2023
- Market News
US Dollar Struggles to Gain Ground as Treasury Yields Leap. Where to for USD?
The US Dollar drifted lower as the markets digest the SVB rescue and Treasury yields run higher, calling into question a Fed pause. If risk assets con...
- March 28, 2023
- Technical Analysis
Gold Could Find It Tough to Crack $2000
Gold could find it tough to break above the key psychological $2000 as risk appetite appears to be stabilizing. What’s next for the yellow metal?...
- March 28, 2023
- Market News
Crude Oil Price Surges on Easing Banking Woes and Supply Issues. Higher WTI?
Crude oil prices jumped overnight on a combination of factors, including FDIC throwing SVB Financial a lifeline, the US Dollar weakening and tightenin...
- March 28, 2023
- Technical Analysis
Natural Gas Price Outlook: Downside Momentum Fading with Falling Wedge in Focus
Natural gas prices continue aiming lower, but downside momentum is fading. That can at times precede a reversal as a Falling Wedge brews on the 4-hour...
- March 28, 2023
- Market News
EUR/USD Bolts Toward Trendline Resistance, GBP/USD Threatens Bullish Breakout
The U.S. dollar weakened widely at the start of the week amid positive market sentiment and reduced demand for haven positions, boosting high-beta cur...
- March 28, 2023
- Market News
Gold Prices Sink as Yields Pop, Mood Improves, Bullish Momentum Exhausted for Now
Gold prices fall sharply on Monday, undermined by rising U.S. Treasury yields and improving market sentiment on the prospect of more U.S. support for ...