*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 7, 2023
- Market News
USD/ZAR Price Forecast: Rand Suffers as Risk Sentiment Sours
ZAR prices slumped this Monday after tensions between Ukraine & Russia grew, stoking risk aversion towards risker currencies including the ZAR....
- August 7, 2023
- Market News
Yen Price Outlook: USD/JPY up After BoJ Minutes, GBP/JPY Consolidates
The Japanese yen retreated after the officials clarified the reasoning behind the tweak – to prolong dovish policy not usher in normalization. US CP...
- August 7, 2023
- Market News
Gold (XAU/USD) and Silver (XAG/USD) Latest Forecasts as US Bond Yields Rise
US Treasury yields are picking up after Friday’s post-NFP sell-off and that is putting renewed downward pressure on the price of gold and silver....
- August 7, 2023
- Market News
Canadian Dollar Outlook: USD/CAD, GBP/CAD Rise, Is the Oil Correlation Dead?
The Bank of Canada looks on course to hold rates steady once more. This coupled with a rebound in the Dollar has weighed on the Canadian Dollar, while...
- August 7, 2023
- Market News
WTI and Brent Eye a Retracement with Saudi Aramco Reporting Q2 Profits Drop
Oil prices retreat on slightly cautious start to the new week. Following a +- 16% gain in July can oil prices maintain their trajectory?...
- August 7, 2023
- Market News
FTSE 100, Dax and Dow Losses Stemmed for Now
Indices have tried to slow their declines, with signs of a recovery across the Dax and Dow....
- August 7, 2023
- Market News
EUR/USD Price Forecast: Euro on Offer as German Industrial Production Contracts
The euro begins the week on the backfoot after the US dollar recovers and German industrial production misses forecasts....
- August 7, 2023
- Market News
US Dollar Struggles to Hold Gains Ahead of CPI: EUR/USD, GBP/USD, USD/JPY Price Setups
Mixed US jobs data released on Friday points to a limited upside in the US dollar ahead of the key US inflation data due on Wednesday. What is the out...
- August 7, 2023
- Market News
Asia Day Ahead: Asia on a Cautious Tone Following Wall Street’s Reversal: Nasdaq 100, USD/JPY, AUD/USD
An initial move higher in Wall Street last Friday eventually faded into the close, as market participants took the opportunity for further profit-taki...