*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.
- August 15, 2023
- Technical Analysis
Euro Price Action Update: EUR/USD at the Beginning of a Broader Bearish Reversal?
The Euro closed at its lowest against the US Dollar since early July, with EUR/USD breaking under the 100-day Moving Average. Is this the beginning of...
- August 15, 2023
- Technical Analysis
Crude Oil Price Outlook: Bearish Engulfing Confirmed, Retail Bets Start Shifting Balance
Crude oil prices have weakened over the past couple of trading days, pushing retail traders to become slightly more bullish. Meanwhile, a Bearish Engu...
- August 15, 2023
- Market News
Japanese Yen (JPY) Clobbered To New ’23 Lows; Skirts ‘Intervention Zone’
The Japanese Yen has weakened on a combination of domestic and global factors, to the point where the BoJ has intervened in the past...
- August 15, 2023
- Market News
S&P 500, Nasdaq Update: US Stocks Resilient Despite Tesla’s China Woes
US stocks edge higher despite a number of headwinds: higher 10-year yields, US dollar and news of Tesla’s discounted offering in China seeing the st...
- August 15, 2023
- Technical Analysis
Chinese Real Estate Sector in Focus Driving Risk Off Sentiment
News overnight about a possible default by the largest private property developer in China has raised concerns of a possible contagion. As a result ri...
- August 14, 2023
- Market News
EUR/GBP, GBP/USD Remain Rangebound as GBP Faces a Defining Week
The Pound heads into the new week having seen consolidation for the majority of August. Inflation and employment data lie ahead and could give the GBP...
- August 14, 2023
- Market News
Gold (XAU/USD) Slipping into Multi-Week Support, Volatility Remains Low
Gold is struggling to hold a zone of support and if this is broken the precious metal could see further short-term losses...
- August 14, 2023
- Market News
FTSE 100 Hit by Selling, but Dax and Nasdaq 100 Show Signs of Stabilising
In London the FTSE 100 has struggled in early trading, but elsewhere indices have seen some early buying after recent losses....
- August 14, 2023
- Market News
EUR/USD Eyes Short-Term Retracement as DXY Runs Into Confluence Area
EUR/USD struggled at the back end of last week and that bled over into the Asian session. However, following the European open a short-term retracemen...