*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.
- December 2, 2022
- Technical Analysis
USD/JPY IG Client Sentiment: Our data shows traders are now net-long USD/JPY for the first time since Nov 14, 2022 when USD/JPY traded near 140.09.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bea...
- December 2, 2022
- Technical Analysis
GBP/USD IG Client Sentiment: Our data shows traders are now at their least net-long GBP/USD since Nov 23 when GBP/USD traded near 1.21.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bu...
- December 2, 2022
- Market News
USD/ZAR Rallies as SA President Ramaphosa Faces Potential Impeachment
USD/ZAR has rallied after a panel found SA President Cyril Ramaphosa guilty of violating his oath of office. Will the president resign, or could he be...
- December 2, 2022
- Technical Analysis
NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Jun 10, 2022 when NZD/USD traded near 0.64.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bu...
- December 1, 2022
- Market News
USD Breaking News: Core PCE Data Leaves Dollar on the Backfoot
The US dollar continues its downward trajectory after the core PCE statistic showed support to Fed Chair Jerome Powell’s dovish statement last night...
- December 1, 2022
- Market News
British Pound Latest – GBP/USD Prints a Fresh Multi-Month High
Cable is benefitting from the latest US dollar sell-off and is now probing an important long-term technical indicator....
- December 1, 2022
- Market News
US Equities Update: S&P 500, Nasdaq, Dow Rise on Dovish Powell
US equities shot up after Fed Chair Powell’s dovish comments which dovetails nicely with the positive sentiment out of China as easier lockdown meas...
- December 1, 2022
- Market News
USD/JPY Update: BoJ and Fed Chair Powell’s Comments Form Perfect Cocktail for Yen Gains
USD/JPY picked up steam yesterday as the dollar index recorded its worst month of losses in 12 years. Further downside ahead or time for a retracement...
- December 1, 2022
- Market News
Euro (EUR) Latest: EUR/USD Set For Further Gains After Fed Powell’s Dovish Nudge
Fed chair Jerome Powell yesterday indicated that the Fed is set to reduce the size of future rate hikes although he reiterated that rates may need to ...