*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 8, 2022
- Market News
Bitcoin Falling Wedge, Ethereum Triangle: Continued Consolidation
Bitcoin and Ethereum have been relatively calm given the headlines, with each market consolidating over the past few weeks....
- December 8, 2022
- Market News
Gold Builds Range But Fed Rate Decision and Recession Risk Adding Pressure
The false break reversal from Gold after the short-lived rally above the 200-day moving average has itself run out of momentum quickly, with the commo...
- December 8, 2022
- Market News
Canadian Dollar Price Action Setups: USD/CAD, CAD/JPY, EUR/CAD
The Canadian Dollar has been one of the weakest currencies in the world over the past few weeks and the Bank of Canada just took a dovish turn – can...
- December 8, 2022
- Market News
Bank of Canada Hikes by 50 bps and Signals Potential end to Rate Hikes
The BoC hiked by 50 basis points bringing the overnight rate to 4.25% and will consider if rates need to rise further, suggesting we may have seen the...
- December 7, 2022
- Market News
DAX Technical Outlook: German Equities Weighed Down by Bleak Outlook
The German Dax is trading lower after bulls failed to rise above major Fibonacci resistance. As prices test technical support, a move lower could driv...
- December 7, 2022
- Market News
Major Forex Trading Sessions from Around the World
All traders should know of the 3 major forex trading sessions which comprise the 24-hour market....
- December 7, 2022
- Market News
WTI Crude Oil Slumps to Fresh Yearly Low amid Recessionary Fears
WTI continued its decline in European trade printing a new YTD low. Continued dollar strength and EIA data could result in further losses....
- December 7, 2022
- Market News
British Pound (GBP) Latest – GBP/USD Steered by Renewed Dollar Strength
The US dollar is pushing higher ahead of next week’s FOMC meeting, leaving a range of major currencies, including Sterling, struggling in its wake....
- December 7, 2022
- Market News
The US Dollar Gripped the Ascendency as Risks of Recession Swirl. Will USD go Higher?
The US Dollar held on to overnight gains as markets recalibrate risks of an economic slowdown in the West against a re-opening of China. Will the DXY ...