*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 17, 2022
- Market News
Gold Outlook: XAU/USD Rallies with Fundamental Factors Likely to Cap Gains
The precious metal began the week on the front foot buoyed by a weaker dollar. The rally looks vulnerable below $1670....
- October 17, 2022
- Market News
USD/JPY Soars after G7 Nations Sidestep Coordinated FX Intervention
USD/JPY remains elevated after Friday’s advance as G7 nations remain attentive to spillover effects of the dollar but are yet to consider coordinate...
- October 17, 2022
- Technical Analysis
USD/CNH Technical Outlook: Chinese Yuan Drop Showing Signs of Fatigue
On a weekly basis, USD/CNH closed at a record high on Friday. What is the outlook and the key levels to watch?...
- October 17, 2022
- Market News
British Pound Respite as US Dollar Weakens and a Possible Policy Backflip
The British Pound found something of a pardon to start the week with market hopes of change in tack from the new Chancellor and a moderating US Dollar...
- October 17, 2022
- Technical Analysis
Hang Seng Index and Shanghai Composite Index Technical Outlook: Weakness Persists
The Hang Seng Index could weaken further following a technical breakdown. The Shanghai Composite Index is risking a move lower within the broader rang...
- October 17, 2022
- Market News
Japanese Yen on the Ropes Against US Dollar as Intervention Lurks. Where to for USD/JPY?
The Japanese Yen continues to lose ground against the US Dollar to start the week as the market contemplates Japanese officials’ comments amid a haw...
- October 17, 2022
- Market News
Australian Dollar at Risk as New Week Begins, Eyes on USD/JPY and Intervention Threat
The Australian Dollar may weaken as the new trading week begins after Wall Street’s plunge on Friday. With USD/JPY at a 32-year high, will Japan soo...
- October 17, 2022
- Market News
Markets Week Ahead: Dow Jones, Nasdaq 100, British Pound, Japanese Yen, Earnings Season Continues
The Dow Jones pulled off a gain as the tech-heavy Nasdaq 100 sank alongside Tesla. British political turmoil continues to be a threat to the FTSE 100 ...
- October 16, 2022
- Market News
S&P 500, Nasdaq 100, Dow Jones – Q3 Earnings Will Drive Market Action
After Thursday’s slump and rally, US equity markets will be looking at a cluster of important Q3 earnings next week, including Tesla, Goldman Sachs,...