*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.
EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Oct 12, 2022 when EUR/GBP traded near 0.87.

EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Oct 12, 2022 when EUR/GBP traded near 0.87.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bu...
Read More
Australian Dollar Trails Chinese Stocks Lower Despite Dow Jones Gains

Australian Dollar Trails Chinese Stocks Lower Despite Dow Jones Gains

The Australian Dollar fell against the US Dollar despite a rosy Wall Street trading session. Fed bets eased after weak PMI numbers, bolstering equitie...
Read More
USD/JPY Susceptible to Larger Pullback as RSI Falls from Overbought Zone

USD/JPY Susceptible to Larger Pullback as RSI Falls from Overbought Zone

USD/JPY may face a larger pullback over the coming days as the Relative Strength Index (RSI) falls back from overbought territory....
Read More
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

Is the US Dollar on the cusp of a deeper pullback? DXY has been aggressively bullish for the past seven months, might there be a pause in the trend?...
Read More
Nasdaq 100 Jumps ahead of Microsoft and Alphabet Earnings – What to Expect?

Nasdaq 100 Jumps ahead of Microsoft and Alphabet Earnings – What to Expect?

The Nasdaq 100 extended gains on Monday ahead of Tuesday’s earnings from Microsoft and Alphabet. Quarterly results from these mega-caps could se...
Read More
Euro Technical Forecast: EUR/USD Eyes 2022 Trend Resistance

Euro Technical Forecast: EUR/USD Eyes 2022 Trend Resistance

Euro surged more than 2.7% off the monthly lows with EUR/USD now approaching yearly downtrend resistance. The levels that matter on the weekly technic...
Read More
S&P 500 Outlook: Corporate Earnings in Focus as Fed Enters Blackout Period

S&P 500 Outlook: Corporate Earnings in Focus as Fed Enters Blackout Period

Traders are looking to major tech earnings later this week for a catalyst as the Fed goes dark ahead of the November meeting....
Read More
DAX 40 Trades Higher – Fed Expectations Soften, Boosting German Stocks

DAX 40 Trades Higher – Fed Expectations Soften, Boosting German Stocks

German Dax turns positive amid increased speculation that a potential Fed pivot could be nearby. Can Dax clear 13,000 ahead of this week’s ECB rate ...
Read More
US Composite PMI Slumps as Factory Output Shrinks, Case for Fed Pivot Grows

US Composite PMI Slumps as Factory Output Shrinks, Case for Fed Pivot Grows

U.S. business activity worsened in October on weaker demand conditions, a sign that the economy may be headed for a recession, which could prompt the ...
Read More