*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.
- November 14, 2022
- Market News
Japanese Yen Boosted Against US Dollar on Soft US CPI. Has USD/JPY Broken Trend?
The Japanese Yen has rallied after US CPI undermined the US Dollar sending USD/JPY to fresh 3-month lows ahead of a plethora of Japanese data. Is the ...
- November 14, 2022
- Technical Analysis
AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Aug 15, 2022 when AUD/USD traded near 0.70.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bu...
- November 14, 2022
- Market News
Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Bitcoin, FTX, G-20 Summit
Stock markets surged last week as softer US inflation data cooled Fed rate hike expectations. The Nasdaq 100 and gold soared as the US Dollar tumbled....
- November 13, 2022
- Technical Analysis
US Dollar Technical Forecast for the Week Ahead
The Dollar sell-off following Friday’s CPI number has the DXY running lower towards the 200-day MA....
- November 13, 2022
- Market News
Canadian Dollar Forecast: Outlook Hinges on Inflation Data Following USDCAD Plunge
Inflation data comes into focus for Loonie traders after a major week for USDCAD....
- November 13, 2022
- Technical Analysis
Japanese Yen Technical Outlook: Is the USD/JPY Rally Done?
A sharp slide last week has raised the odds of an interim top in USD/JPY. How could the trend play out in the short term and what are the signposts to...
- November 13, 2022
- Market News
EUR/USD Rate Eyes August High Ahead of US Retail Sales Report
EUR/USD is on track to test the August high (1.0369) ahead of the US Retail Sales report amid growing speculation for a smaller Federal Reserve rate h...
- November 13, 2022
- Technical Analysis
GBP Technical Forecast: Sterling Drivers Remain Limited Despite USD Boost
The pound may appear to have turned a corner when viewed against the dollar but wider comparisons confirm that GBP remains under pressure...
- November 13, 2022
- Market News
Gold Price Forecast: Soft US Inflation Data Has XAU/USD Eyeing Less Hawkish Fed
Gold prices rallied the most since March 2020 last week as a softer US inflation report saw traders price in a less hawkish Federal Reserve. Ahead, ey...