*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 1, 2022
- Market News
FX Week Ahead – Top 5 Events: BOE, Fed, RBA Rate Decisions; Canada Jobs Report; US NFP
The first week of November is all about central banks....
- November 1, 2022
- Technical Analysis
Canadian Dollar Technical Forecast: USD/CAD Threatens Larger Setback
The Dollar’s recent rebound against the Loonie may be short-lived as the threat for a deeper correction looms. Levels that matter on the USD/CAD wee...
- November 1, 2022
- Market News
GBP/USD’s Outlook Remains Bleak Ahead of BoE’s November Meeting
Short- and medium-term outlook for GBP/USD remains gloomy amid recession fears, rising inflation and tighter financial conditions....
- November 1, 2022
- Technical Analysis
Gold Price Forecast: Bottoming Effort Falters – Levels for XAU/USD
Gold prices are slipping as US yields – both nominal and real – rise again....
- November 1, 2022
- Market News
S&P 500 Loses Steam After Robust Friday Rally – FOMC in Focus
Equities pull back as traders await the Fed, PMIs, and NFP data later this week....
- October 31, 2022
- Market News
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar is climbing after completing a double top formation last week, and focus shifts to the Fed’s Wednesday rate decision as markets tr...
- October 31, 2022
- Technical Analysis
FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Sep 16, 2022 when FTSE 100 traded near 7,260.30.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-b...
- October 31, 2022
- Technical Analysis
EUR/USD Technical Outlook is in Limbo, Clarity Should Come Soon
The Euro remains in a strong downtrend, but shows signs it may have more room to recovery; tough spot for traders but this week should clarify....
- October 31, 2022
- Market News
XAU/USD Faces Renewed Selling Pressure as FOMC Beckons
Spot gold recorded its seventh consecutive month of losses. Can we stave off a drop below $1600?...