*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 10, 2022
- Market News
Crude Oil Price Forecast: China Virus Curbs Weigh on WTI, but Chart Shows Chance for Breakout
Crude oil prices are down over 6% this week as China increases virus-curbing measures after a surprise US stockpile build. A major US refinery is back...
- November 10, 2022
- Technical Analysis
S&P 500 Index Technical Outlook: Cracks in the Nascent Uptrend?
The sharp fall on Wednesday suggests that cracks are beginning to appear in the S&P 500 index’s month-long rebound. What is the outlook and what...
- November 10, 2022
- Market News
USD/CAD Climbs Back Above 50-Day SMA Ahead of US CPI
USD/CAD may struggle to hold above the 50-Day SMA (1.3524) as the US Consumer Price Index (CPI) is anticipated to show slowing inflation....
- November 10, 2022
- Market News
AUD/USD Falls Alongside Iron Ore and bitcoin as China Ramps Up Lockdown Measures
The Australian Dollar fell alongside iron ore prices after China increased Covid curbs in the city of Guangzhou. A crypto market rout weighed on marke...
- November 10, 2022
- Market News
Gold Price Struggles to Push Above October High Ahead of US CPI
The recent rise in the price of gold may unravel if it fails to push above the October high ($1730)....
- November 10, 2022
- Market News
S&P 500 Sinks ahead of US Inflation Data, Stock Market at Risk as Bitcoin Collapses
The S&P 500 slumped on Wednesday on risk-off sentiment as traders awaited the results of the U.S. midterm elections and the October inflation repo...
- November 10, 2022
- Market News
The Fate of the US Dollar, the Dow, and Gold After US Midterms, US Inflation Data
Chief Strategist John Kicklighter and Senior Strategist Christopher Vecchio, CFA discuss US inflation data and the US midterm elections....
- November 10, 2022
- Technical Analysis
Canadian Dollar Technical Analysis: CAD/JPY, USD/CAD Rates Outlook
The Loonie may or may not be on better footing....
- November 10, 2022
- Technical Analysis
British Pound Short-term Outlook: GBP/USD Testing Yearly Downtrend
Sterling is ranging just below 2022 trend resistance as the outlook for the September rally hangs in the balance. Levels that matter on the GBP/USD te...