*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 14, 2022
- Market News
Gold Price Vulnerable After Failing to Defend Monthly Opening Range
The price of gold may struggle to retain the rebound from the yearly low ($1615) as it fails to defend the opening range for October....
- October 14, 2022
- Market News
Australian Dollar Clings on After US CPI, Be Wary of USD/JPY Intervention as Yen Falls
The Australian Dollar was whipsawed by a violent reaction to the stronger US CPI report. Be wary of violent USD/JPY price action as the pair climbs pa...
- October 14, 2022
- Market News
Crude Oil Price Forecast: Bull Flag Formation Takes Shape
The price of oil may continue to hold above the 50-Day SMA ($87.58) as a bull-flag formation appears to be taking shape....
- October 14, 2022
- Market News
S&P 500 Stages Big Comeback; JPMorgan, Wells Fargo & Citigroup Earnings Eyed
The S&P 500 rebounded from big losses triggered by hotter-than-expected U.S. CPI data, rallying more than 2.5% at the market close ahead of the of...
- October 14, 2022
- Market News
Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update
The pace of rate hikes from the Bank of Canada, Reserve Bank of Australia, and Reserve Bank of New Zealand is anticipated to slowdown....
- October 14, 2022
- Technical Analysis
US Dollar Forecast: USD/JPY Hits Fresh Yearly High, but DXY Index Reverses After CPI
Another hot US inflation report has led to a great deal of volatility in USD-pairs....
- October 14, 2022
- Market News
Fedspeak This Week: Hawkish Intent Remains Intact
Fedspeak continues to smash home the hawkish rhetoric as markets churn lower in anticipation of another supersized rate hike in November....
- October 14, 2022
- Technical Analysis
Gold Price Forecast: Multi-Month Downtrend Continues – Levels for XAU/USD
Weakness remains, despite the impressive intraday rally by gold prices....
- October 14, 2022
- Technical Analysis
Canadian Dollar Technical Forecast: USD/CAD Breakout Burned
The Dollar’s surge into a key resistance zone has reversed course post-CPI with USD/CAD rally risking exhaustion here. Levels that matter on the wee...