*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 14, 2022
- Market News
Dollar’s Post-CPI Tumble Already Leveling Out as Focus Shifts to FOMC
Following a further slowdown in US inflation data, the Dollar has extended its slide to test lows not seen in six months. For a number of the ‘major...
- December 14, 2022
- Market News
S&P 500 Technical Analysis: SPX Slammed, Breakout Snaps Back
The S&P 500 broke out to a fresh three month high after CPI was released this morning. Sellers snapped that move back very quickly, and the focus ...
- December 14, 2022
- Market News
Gold Price Forecast: Gold Prices Test Fresh Five Month Highs Ahead of FOMC
Gold prices have put in a spirited reversal since the November open and the 50% marker of this year’s major move sits just overhead....
- December 13, 2022
- Market News
Sam Bankman-Fried Indictment Overshadowed by US CPI as BTC/USD Gains
The latest US CPI print boosted demand for risk assets. As Sam Bankman-Fried faces criminal charges, BTC/USD remains supported above $17,000....
- December 13, 2022
- Technical Analysis
EUR/USD IG Client Sentiment: Our data shows traders are now at their least net-long EUR/USD since Feb 07 when EUR/USD traded near 1.14.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bu...
- December 13, 2022
- Market News
U.S. CPI Cools for the Second Month in a Row: Yields & DXY Lower, S&P 500 Rises
Risk assets rejoice as inflation rises at a slower pace than anticipated, beating forecasts for a second month in a row. DXY, US 2 year lower while S%...
- December 13, 2022
- Market News
US Dollar Volatility Primed to Move with CPI, FOMC Within Touching Distance
The US dollar is treading water ahead of today’s US inflation report, but traders should be prepared for a bout of post-release volatility....
- December 13, 2022
- Market News
GBP/USD Flat Despite Positive UK Employment Data
GBP/USD edged higher following the UK data release before paring gains to trade flat. All eyes turn to the US CPI release with the pair in need of a c...
- December 13, 2022
- Market News
Crude Oil Gains on Upbeat Mood Ahead of US CPI. Will WTI Continue to Climb?
Crude oil benefitted from optimism that demand from China might escalate if they continue to open their economy. US CPI later today might move markets...