*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 6, 2022
- Market News
USDJPY Attempts to Pull Out of Bear Wave as Retail FX Traders Flip Net Long
The Dollar has enjoyed a broad bounce to start the week and USDJPY is one key pair that is seeing the turn work around major technical levels. There i...
- December 6, 2022
- Market News
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar is starting the week with a bounce and the FOMC is in the blackout period ahead of the next rate decision....
- December 6, 2022
- Market News
FTSE 100 and GBP/USD Approaching Important Zones – Another Dollar Story?
The FTSE 100 has gained 13% from the October lows, but can bulls further the move as an important resistance zone comes into the picture?...
- December 6, 2022
- Market News
S&P 500, Nasdaq, Dow Jones: US Equity Futures Sink After Recent Gains
S&P 500, Dow Jones and Nasdaq have lost ground after Friday’s NFP report and expectations of further rate hikes for longer supported the safe-ha...
- December 6, 2022
- Market News
US Services PMI Data Surprises to the Upside, Strong Q4 GDP in Sight
America’s largest sector, the services sector achieved another expansion, rising on increased business activity and employment....
- December 5, 2022
- Market News
How Forex Traders Use ISM Data
Forex traders closely watch ISM monthly manufacturing reports. Learn to trade using ISM data....
- December 5, 2022
- Market News
GBP/USD Catches its Breath as the Dollar and Risk Sentiment Remain the Driving Force
Cable remains overextended against the greenback as we approach key resistance levels. The 1.2500 level should cap any further gains ahead of the FOMC...
- December 5, 2022
- Market News
EUR/USD Price Forecast: Fewer Risk Events Favors EURUSD Rise
EURUSD continues to grind higher as hopes of US peak inflation adds to USD selloff. The current move higher sees little in the way of economic data to...
- December 5, 2022
- Market News
Gold Price Outlook – Looking to Build the Next Leg Higher?
The precious metal tested and rejected a multi-month level of resistance but looks to make a fresh attempt in the coming days....