*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 7, 2022
- Market News
GBP/USD Price Outlook: Cable Climbs as Post NFP Dollar Decline Continues
GBP/USD trades higher after the dollar selloff but dismal GDP forecasts for Q3 and an aggressive Fed suggests the counter-trend move may be short-live...
- November 7, 2022
- Market News
Forex Trading: What is Forex? FX Trading Explained
Forex trading is short for foreign exchange, often called ‘FX’ and focuses on the exchange of one currency for another....
- November 7, 2022
- Market News
Gold Price Forecast: XAU/USD Pares Back, Focus on Fed Speakers Ahead of CPI
Spot gold looks forward to Wednesday’s inflation print while XAU/USD hovers around key resistance....
- November 7, 2022
- Technical Analysis
USD/CNH Technical Outlook: An Extended Pause in the Rally?
USD/CNH’s rally has shown signs of fatigue in recent weeks, raising the possibility of an extended pause. To what extent can USD/CNH correct lower, ...
- November 7, 2022
- Market News
Crude Oil Eases as Markets Ponder a Possible Chinese Reopening. Will WTI Rally?
The crude oil price has given up some of Friday’s gains, but the US Dollar appears to be the driving sentiment for markets after recalibrating on ne...
- November 7, 2022
- Technical Analysis
US Dollar Appears Increasingly Vulnerable: USD/SGD, USD/THB, USD/IDR, USD/PHP
The US Dollar continues to weaken against ASEAN currencies. The Singapore Dollar and Thai Baht appear the most bullish, followed by the Philippine Pes...
- November 7, 2022
- Market News
Euro Ran Higher on China Re-opening Rumours but Turns on Denial. Where to for EUR/USD?
The Euro has stalled in its recovery against the US Dollar as ambitions for China easing of restrictions evaporated over the weekend. With US CPI ahea...
- November 7, 2022
- Technical Analysis
Hang Seng Index Technical Outlook: Slide Lower Pauses. Now What?
The Hang Seng Index’s rebound from deeply oversold conditions appears to be a pause, and not a reversal of the downtrend. To what extent can the ind...
- November 7, 2022
- Market News
Australian Dollar Forecast: China Trade Balance in Focus After Iron Ore Prices Rebound
The Australian Dollar looks poised to rise against the US Dollar as rumors of a Chinese policy shift on Covid circulate. China’s trade balance for O...