*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 5, 2022
- Technical Analysis
Dow Jones, S&P 500 Surge as Retail Traders Sell the Rips. Bullish Engulfings Offer Optimism
The Dow Jones and S&P 500 rallied the most over 2 days since April 2020. Retail traders have been selling the rip, which is a positive sign for Wa...
- October 5, 2022
- Market News
New Zealand Dollar Surges Against US Dollar, Australian Dollar After RBNZ Delivers 50-Basis Point Rate Hike
The New Zealand Dollar rose in immediate reaction to the Reserve Bank of New Zealand hiking its official cash rate (OCR) by 50-basis points, as expect...
- October 5, 2022
- Market News
Gold Price Climbs Above 50-Day SMA to Approach September High
The price of gold is on the cusp of testing the September high ($1735) as it trades above the 50-Day SMA ($1724)....
- October 5, 2022
- Market News
APAC Markets Eye RBNZ as AUD Struggles Despite a Softer US Dollar
The Australian Dollar is struggling despite a risk-on tone across markets ahead of today’s rate decision from the Reserve Bank of New Zealand. Elsew...
- October 5, 2022
- Market News
USD/CAD Rate Pulls Back to Generate RSI Sell Signal
USD/CAD may face a larger pullback over the coming days as the Relative Strength Index (RSI) falls back from overbought territory to indicate a textbo...
- October 5, 2022
- Market News
Do Markets Actually Care About US Jobs Data?
Senior Strategists James Stanley and Christopher Vecchio, CFA discuss trading at the start of October and the upcoming September US NFP report....
- October 5, 2022
- Market News
ECB President Christine Lagarde on Future Interest Rate Hikes
ECB President Lagarde recently delivered a speech on “Monetary Policy in the Euro Area” in which she suggested that further interest rate ...
- October 5, 2022
- Market News
Oil Soars as OPEC+ Mulls Huge Output Cut to Defend Prices. What Now for Crude?
Oil prices rise and extend their recent rally on bets that OPEC+ will step in to defend prices by cutting supplies significantly at its production pol...
- October 5, 2022
- Market News
AUDNZD Sinks Away from 1.15 on Soft RBA Hike – RBNZ Eyed
AUDNZD is easing from recent highs following the RBA’s dovish 25 bps hike...