*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 16, 2023
- Market News
AUD Selloff Persists: AUD/NZD, AUD/USD and AUD/JPY Price Setups
Aussie suffers after a slew of disappointing Chinese data. With the RBA on hold, AUD has few bullish drivers...
- August 16, 2023
- Market News
Stock Indices Continue to Slide on China Growth Worries and Bank Downgrades
Outlook on FTSE 100, DAX 40 and S&P 500 amid lacklustre China growth and possible downgrades of major banks by the ratings agency Fitch...
- August 16, 2023
- Market News
Gold (XAU/USD) Flirts with $1900 Support as Fed Minutes Loom
Spot Gold briefly traded below the $1900 support level with a daily close below the 200-day MA for the first time since December 2022. A sign of furth...
- August 16, 2023
- Market News
GBP Breaking News: UK Inflation Remains Sticky, September Hike Likely
GBP prices have gained traction after the UK CPI report surprised to the upside on several metrics....
- August 16, 2023
- Market News
Crude Oil Collapses as China Woes and US Dollar Strength Take its Toll
Crude oil prices broke lower yesterday and has underperformed today as developments out of China has risk assets on the backfoot amidst US Dollar recl...
- August 16, 2023
- Market News
Euro Ahead of Euro Area GDP, FOMC Minutes: EUR/USD, EUR/AUD, EUR/GBP Price Setups
EUR is testing key levels against some of its peers ahead of the release of Euro area GDP data (due later today) and the FOMC minutes (due Thursday). ...
- August 16, 2023
- Market News
New Zealand Dollar Spiked After the RBNZ Left its Cash Rate Alone at 5.50%. Higher NZD/USD?
The New Zealand Dollar jumped immediately after the RBNZ announced that they left rates unchanged 5.50% for the second meeting in a row. Will NZD/USD ...
- August 16, 2023
- Market News
S&P 500 Below 50-day MA, VIX up 11% as Market Caution Persists: S&P 500, NZD/USD, GBP/USD
The pull-ahead in US retail sales validates soft landing hopes but also leaves room for rates to be kept high for longer, with market sentiments seemi...
- August 16, 2023
- Technical Analysis
Japanese Yen Losing Streak Showing Signs of Exhaustion, Will USD/JPY Cave?
The Japanese Yen continues to weaken against the US Dollar. Now, USD/JPY is facing increasing signs of fading momentum. But, will a reversal be enough...