*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.
Trading Economic Data Means Looking Past the Numbers

Trading Economic Data Means Looking Past the Numbers

The monthly global round of economic data releases is crucial to the foreign exchange market, but reaction to the numbers is often complex....
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GBP/USD Smashes Through Psychological 1.15 Level as PM Sunak Takes Charge

GBP/USD Smashes Through Psychological 1.15 Level as PM Sunak Takes Charge

The Pound has benefitted from a weaker dollar and improving risk sentiment. It begs the question, how long will the rally last?...
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Gold Price Running Back Into Resistance as the US Dollar Slides

Gold Price Running Back Into Resistance as the US Dollar Slides

Gold is pushing back into a familiar area of resistance, boosted by a weaker US dollar. The greenback is sitting on support, will it hold?...
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Euro Price Forecast: Descending Channel Breakout Potential for EUR/USD

Euro Price Forecast: Descending Channel Breakout Potential for EUR/USD

EUR/USD braces ahead of tomorrow’s ECB interest rate decision with parity under consideration for the first time since September....
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Consumer Sentiment Index: Basic Principles and Uses in Trading

Consumer Sentiment Index: Basic Principles and Uses in Trading

The Michigan Consumer Sentiment Index provides insights into the U.S. economy and can give trader’s valuable information suitable for any tradin...
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What are Retail Sales and Why is it Important to Traders? A Guide

What are Retail Sales and Why is it Important to Traders? A Guide

Retail sales is used to analyze economic strength and can be implemented into both fundamental and technical trading strategies. Learn more about reta...
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Bitcoin and Ethereum Technical Outlook: A Relief Rally for BTC/USD and ETH/USD?

Bitcoin and Ethereum Technical Outlook: A Relief Rally for BTC/USD and ETH/USD?

Ethereum has broken above a minor resistance, pointing to a possible relief rally. Bitcoin remains within its well-established recent range, though th...
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Crude Oil Holds Ground as Inventory Data Builds and US Dollar Dips. Will WTI go Higher?

Crude Oil Holds Ground as Inventory Data Builds and US Dollar Dips. Will WTI go Higher?

The crude oil price has steadied despite data revealing an increase in US inventory, perhaps aided by a weaker US Dollar as Treasury yields soften. If...
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USD/JPY Technical Outlook: Rally to Pause?

USD/JPY Technical Outlook: Rally to Pause?

USD/JPY is about to run into one of the most significant resistances it has faced in recent months. What are the signposts to watch and the key levels...
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