*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 7, 2022
- Technical Analysis
Dow Jones, S&P 500 Forecast: Prices at Risk as Retail Traders Go Long Once More
The Dow Jones and S&P 500 may be at risk as retail traders begin to increasingly boost their upside exposure. What are key levels to watch ahead?...
- December 7, 2022
- Market News
Australian Dollar Steady Despite GDP Disappointment. Where to for AUD/USD?
The Australian Dollar was little changed in the aftermath of underwhelming third quarter domestic GDP data and revisions lower of previous quarters. W...
- December 7, 2022
- Market News
A VIX ‘Breakout’, Heavy Dollar Technicals, BOC Volatility and Recession Signals
The markets carried over greater market activity this past session with the VIX clearing its two-month descending channel and the S&P 500 extendin...
- December 7, 2022
- Market News
S&P 500, Nasdaq, Dow: Key Support Zones Now in Play
The high-flying Dow has pulled back to support at a prior swing-high, and the Nasdaq is brewing a double top formation....
- December 7, 2022
- Market News
USDCAD May Not Be the Most Responsive Loonie Cross to the BOC Decision
The Bank of Canada rate decision is on tap for Wednesday, and there is debate around what the central bank intends to do with its policy. USDCAD will ...
- December 7, 2022
- Technical Analysis
US 500 IG Client Sentiment: Our data shows traders are now net-long US 500 for the first time since Nov 22, 2022 when US 500 traded near 4,003.91.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bear...
- December 7, 2022
- Market News
Gold, Silver Price Forecast: Gold Snaps Back, Silver Tests Key Support
Precious metals put in a strong month of November but surprisingly, Silver has shown stronger bullish structure of late....
- December 7, 2022
- Market News
USD/ZAR Grinds Lower – Strong GDP Data, Dollar Weakness Lifts the Rand
South African GDP beats estimates driving USD/ZAR back to a key level of technical support that could influence the short-term move....
- December 6, 2022
- Market News
Bank of Canada Preview: Market Positioning Offers up Short-Term Opportunity
The BoC is due to raise rates by 25 or 50 basis points with market positioning square in the middle of the two outcomes. Positioning is likely to adju...