*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 3, 2022
- Technical Analysis
Japanese Yen Rolls Around Against US Dollar as Rally Stalls. Will USD/JPY go Higher?
The Japanese Yen has travelled sideways against the US Dollar after the Bank of Japan intervened to halt the slide in the Yen. Will intervention be su...
- November 3, 2022
- Market News
AUD/USD to Track 50-Day SMA amid Failure to Test October High
AUD/USD may track the negative slope in the 50-Day SMA (0.6552) following the failed attempts to test the October high (0.6547)....
- November 3, 2022
- Market News
Chinese Yuan Outlook: USD/CNH Test PBOC’s Patience as US Dollar Rises Post-FOMC
The Chinese Yuan is trading at its lowest level since January 2008 after the FOMC rate decision boosted the US Dollar. USD/CNH is breaking higher in e...
- November 3, 2022
- Market News
Oil Price Holds Above 50-Day SMA to Eye October High
The price of oil may attempt to retrace the decline from the October high ($93.48) as it seems to be no longer responding to the negative slope in the...
- November 3, 2022
- Technical Analysis
USD Breaks Out, SPX, Nasdaq Break Down After FOMC
The first reaction was aggressively faded, leaving a net result of USD strength and equity weakness after the November FOMC rate hike....
- November 3, 2022
- Market News
Fed Hikes Rates by 75 bp and Alters Guidance; US Dollar Outlook Post-FOMC
The Federal Reserve delivered the fourth consecutive 75 basis point hike at its November meeting, bringing the policy rate to a range of 3.75-4.00%, i...
- November 3, 2022
- Market News
FTSE 100 Pressurized by Resistance as the Fed Takes Center Stage
FTSE 100 remains under pressure as investors look for clues on when rate hikes might ease. As UK stocks struggle to gain traction, psychological resis...
- November 3, 2022
- Technical Analysis
British Pound Forecast: GBP/USD Recovery to Face Fed, BoE, NFP
The September rally has extended into yearly downtrend resistance with the FOMC, BoE and NFPs on tap. Levels that matter on the GBP/USD weekly chart i...
- November 2, 2022
- Market News
South Africa Top 40 Index (SA40) Wrestles with Resistance Below 62000
South Africa’s major stock index, SA40 continues to move higher despite heightened geopolitical risks and a resilient Dollar. Can the South Africa T...