*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 7, 2024
- Market News
NFP Preview: Is the US Job Market Finally Weakening?
Months of restrictive monetary policy have had little effect on the labour market but recent jobs data suggests we may be approaching a steady decline...
- June 7, 2024
- Market News
ZAR Update: ANC Seeks Broad ‘Unity’ Government as Coalition Talks Continue
The South African Rand has surrendered a lot of ground as the uncertainty around the new coalition government hangs in the balance...
- June 6, 2024
- Market News
US Dollar Slips Further, Gold Nudges Higher, Bitcoin Poised for a New ATH
US Treasury yields remain in a downtrend and that’s hurting the dollar. Gold continues to recover while Bitcoin eyes a new all-time high....
- June 6, 2024
- Market News
ECB Cuts Interest Rates as Expected, Upward Revisions to Inflation and Growth Lift the Euro
The ECB marked a historic moment, initiating a cutting cycle before the Fed. The euro rose on the back of upward revisions to both inflation and growt...
- June 6, 2024
- Technical Analysis
Nasdaq 100 at new record, while Dow and CAC40 also move higher
Indices have seen fresh gains, with the Nasdaq 100 in particular rallying to a new record high....
- June 6, 2024
- Market News
British Pound (GBP) Latest – GBP/USD and EUR/GBP Technical Outlooks
Sterling continues to push higher against a range of currencies with GBP/USD eyeing a fresh three-month high and EUR/GBP a 22-month low....
- June 6, 2024
- Market News
US Dollar Sell-Off Stalls After Strong US ISM Services Report; NFPs Released on Friday
Strong ISM services data has helped to stem the recent US dollar sell-off with the business activity index seen at its highest level since November 20...
- June 5, 2024
- Market News
BoC Cuts Rates as Inflation Settles into Target Range, CAD Weakens
The Bank of Canada cuts rates to 4.75% as inflation settles into the target range. Wages, house prices and geopolitical uncertainty still pose risks t...
- June 5, 2024
- Technical Analysis
FTSE 100, DAX 40 and S&P 500 recover from their recent lows
Outlook on FTSE 100, DAX 40 and S&P 500 ahead of probable 25 bps ECB rate cut....