*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.
- June 23, 2023
- Market News
Asia Day Ahead: US Megacap Tech Shined; Series of PMI Readings to End the Week
Fed Chair Jerome Powell reiterated his hawkish tone but Wall Street seems to be taking it in stride this time, with the S&P 500 and Nasdaq overtur...
- June 23, 2023
- Market News
Japanese Yen Outlook: USD/JPY Breaks Out but AUD/JPY Lacks Bullish Spark
USD/JPY rallied on Thursday, breaking above Fibonacci resistance, and rising to its best levels since November 2022. Meanwhile, AUD/JPY struggled for ...
- June 22, 2023
- Market News
EUR/USD Technical Update: Key Levels to Watch for Bullish Continuation
EUR/USD has revealed a preference for an upside move as Powell’s persistence around further, more moderate hikes reduce dollar demand...
- June 22, 2023
- Market News
Gold Prices Still Struggling, BoE Shows Global Rates Have Further to Rise
Gold remains mired despite some less hawkish than expected testimony from the Fed’s Powell...
- June 22, 2023
- Market News
British Pound (GBP) Volatile as Bank of England Hikes by 50 Basis Points
The Bank of England (BoE) hiked rates by 50 basis points today, by a majority of 7-2, as the central bank reiterates its commitment to driving down in...
- June 22, 2023
- Market News
Dow, Nasdaq 100 and Nikkei come under pressure following hawkish Powell testimony
Indices have seen further selling this morning, as concerns about hawkish central bank policy drive risk-off sentiment....
- June 22, 2023
- Market News
Turkey Central Bank Meeting Preview: Erdogan and the Turkish Lira Eye Redemption from Policy Pivot
President Erdogan seems to have come to terms with the idea of policy normalization. Can USD/TRY fall back toward the 20.0000 handle on potential hawk...
- June 22, 2023
- Technical Analysis
France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Jun 02, 2023 when France 40 traded near 7,273.40.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-b...
- June 22, 2023
- Market News
Japanese Yen Outlook: Fed-BoJ policy divergence remains the key driving force
While the Fed has largely retained its hawkish tone at the latest meeting, speculations for a quicker policy shift from the BoJ have not been receivin...