*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.
- October 31, 2022
- Market News
AUD/USD Eyes Australian Retail Sales and China PMI Data as Iron Ore Prices Pose Headwind
The Australian Dollar advanced against the US Dollar last week, but a drop in iron ore and copper prices held AUD/USD back. China’s October manufact...
- October 31, 2022
- Market News
Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, AUD/USD, GBP/USD, Fed, RBA, BoE
Dow Jones futures surged higher this past week as the Nasdaq 100 followed. Another busy week is in store for markets. The US Dollar, Australian Dollar...
- October 30, 2022
- Market News
S&P 500, Nasdaq 100, Dow Jones – Mega-Cap Tech Hammerings Rattle Sentiment
This week’s Q3 earnings releases roiled equity market sentiment with high-profile names Amazon and Meta, in particular, hitting the Nasdaq hard....
- October 30, 2022
- Technical Analysis
US Dollar Technical Forecast for the Week Ahead
The Dollar has come off hard in recent trade, and as we head into a new week we will need to closely watch how strength plays out; levels and lines to...
- October 30, 2022
- Market News
Canadian Dollar Weekly Forecast: USD/CAD Keenly Awaits FOMC After BoC Shock
Teaser: USD/CAD fundamentals are somewhat mixed ahead of next week’s FOMC meet while technical factors imply upside potential....
- October 30, 2022
- Technical Analysis
Japanese Yen Technical Forecast: USD/JPY Bulls Brace for Correction
US Dollar’s assault on the Japanese Yen has been halted with USD/JPY threatening a larger correction within the uptrend. Levels that matter on the w...
- October 30, 2022
- Market News
EUR/USD Rate Outlook Hinges on Fed Rate Decision
EUR/USD may struggle to retain the advance from the monthly low (0.9632) as the Federal Reserve is expected to implement another 75bp rate hike....
- October 30, 2022
- Market News
Gold Price Forecast: XAU/USD Directional Bias Tied to Fed Monetary Policy Posture
Gold prices could recover in the near term if the Federal Reserve embraces a less hawkish posture and signals that it will raises rates less forcefull...
- October 29, 2022
- Technical Analysis
Crude Oil Technical Outlook: No Reason to Be Excited for Hopes of a Recovery
Crude oil’s rebound this week may not necessarily imply the resumption of the broader uptrend. Indeed there is a risk of an extended sideways range....