*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 4, 2023
- Market News
After-market relief in Wall Street, with look-ahead to US job report: US dollar, Straits Times Index, Copper
Major US indices ended the day slightly underwater, as the US 10-year Treasury yields continue to head to its highest level in almost nine month....
- August 4, 2023
- Market News
Gold Price Ponders Direction as the US Dollar and Treasury Yields Eye Higher Levels
The gold price stalled on trend line support today as markets take stock of a rising US Dollar and Treasury yields. The perceived ‘haven’ status i...
- August 4, 2023
- Technical Analysis
Dow Jones, S&P 500 Pullback May Accelerate as Retail Traders Become Bullish
The Dow Jones and S&P 500 have pulled back cautiously and while retail traders are still overwhelmingly short, upside bets are rising. Is this a s...
- August 4, 2023
- Market News
US Nonfarm Payrolls Preview: EUR/USD and USD/JPY’s Trend Hinges on Jobs Data
The July U.S. employment report will provide valuable information on the health of the U.S. economy and help shape the near-term outlook for EUR/USD a...
- August 4, 2023
- Technical Analysis
AUD/USD IG Client Sentiment: Our data shows traders are now at their most net-long AUD/USD since Oct 08 when AUD/USD traded near 0.64.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bea...
- August 3, 2023
- Market News
US Breaking News: ISM Services PMI Dampens Strong US Data Streak
ISM services PMI data revealed higher prices but lower activity, new orders and employment figures. The services sector continues to expand but softer...
- August 3, 2023
- Technical Analysis
USD/MXN Short-Term Rally Continues as US Treasury Yields Climb
The US dollar is gaining on the Mexican Peso for a fourth day in a row – is the long-term technical outlook for USD/MXN starting to change?...
- August 3, 2023
- Market News
Oil Price Update: WTI and Brent Pullback on Continuing Risk Off Sentiment
Oil markets tentatively continue the move lower as markets digest the effect of the Fitch downgrade. An extended WTI pullback towards $82 may re-engag...
- August 3, 2023
- Market News
UK Breaking News: BoE Hikes by 25bps to 15-Year High
GBP/USD remains under pressure despite the BoE hiking rates by 25bps. The dovish slant to the announcement added to risk off sentiment, keeping cable ...