*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.
- January 24, 2023
- Market News
USD Breaking News: Dollar Index (DXY) Pops on U.S. PMI Beat
The U.S. dollar found some bullish support post-PMI data which maintained its contractionary outcome but at a slower rate than previous prints....
- January 24, 2023
- Market News
Silver Price Outlook: XAG/USD Relief Rally Buoyed by Dollar Weakness
Silver prices have recovered a large portion of yesterday’s losses after testing psychological support at $23.00. With USD weakness driving gains, e...
- January 24, 2023
- Market News
Gold Prices Power Ahead, Will XAU/USD Break $2,000 Soon?
The precious metal is testing a new multi-month high and with little in the way of resistance on the charts, gold may soon challenge $2,000/oz....
- January 24, 2023
- Market News
UK PMIs Add to Disappointing Data Ahead of BoE Meeting, GBP Lower
UK services PMI data saw the fastest drop in business activity in the last 24 months while manufacturing beat estimates. The report compounds recent n...
- January 24, 2023
- Market News
Euro Breaking News: EURUSD Bid as PMI Data Continues Upward Trajectory
Euro Area PMI continues to improve adding further credence that the Eurozone may escape a recession....
- January 24, 2023
- Market News
Japanese Yen Steadies on PMI Data and Markets Assess Risks. Where to for USD/JPY?
The Japanese Yen saw gains against the US Dollar after comforting PMI numbers in thin trade due to Lunar New Year. The USD/JPY trend is being question...
- January 24, 2023
- Market News
Australian Dollar Eyes New Heights Ahead of Crucial CPI Data. Where to for AUD/USD?
The Australian Dollar is pressing higher today as the US Dollar continues to slide with the Fed and RBA facing different challenges in the weeks ahead...
- January 24, 2023
- Market News
Nasdaq, S&P 500 Breakout with Earnings in Focus
Both the Nasdaq and S&P 500 have broken out to fresh highs and earnings are very much in focus this week. But is this more driven by short cover a...
- January 23, 2023
- Market News
DAX, FTSE Prices Muted in Narrow Range of Technical Support and Resistance
European equities continue to trade in a narrow range of support and resistance as bulls and bears struggle to break technical support and resistance....