By FXEmpire.com Analysis and Recommendations: The GBP/USD dipped today, to trade at 1.5545 as the US gathered momentum. The strongest push was the negative eco data from Germany where unemployment numbers climbed unexpectedly....
Read MoreBy FXEmpire.com Analysis and Recommendations: The USD/CAD is trading at 1.0286 at a virtual standstill from yesterday. The USD has picked up some momentum against most of its trading partners, but the commodity currencies seem...
Read MoreBy FXEmpire.com Analysis and Recommendations: The EUR/GBP is back to the resistance/support level at 0.8000, it seems to like getting stuck right on the whole number. The euro dipped today, even though there were several...
Read MoreBy FXEmpire.com The EIA is still considering favorably a Japanese proposal to import US Natural Gas to Japan, which will be a boom for the commodity, and is helping drive prices. Today’s inventory report was released...
Read MoreBy FXEmpire.com As the EU Finance Ministers summit opens its doors, after days of preparation and press conferences and meetings the formal opening has arrived. With the opening comments by German Finance Minister Schaeuble are...
Read MoreBy FXEmpire.com As the world waits for the Broadway theatrics to begin on the show called the “EcoFin Summit”, where the players are all Finance Ministers from the EU, as they spend their days chasing headlines and...
Read MoreBy FXEmpire.com The EUR/USD pair had another slightly bearish session on Wednesday as the markets prepare for the European Union’s summit over the next 48 hours. The market is currently thinking that this will be yet...
Read MoreBy FXEmpire.com USD/JPY had a reasonably bullish day on Wednesday as the bounce from the 79.50 level happened as predicted. The area looks as if it is the beginning of support in this pair, and the market is well aware of the...
Read MoreBy FXEmpire.com GBP/USD had a negative day on Wednesday as the Pound in general was sold off. The pair currently sits just above the 1.5550 level, a place that we have identified as potential support. Of course, we need to see...
Read MoreBy FXEmpire.com The EUR/GBP pair bounced a bit during the session on Wednesday in order to retest the 0.80 handle. The pair has recently formed a bearish flag, and the bottom of it has been broken. The 0.80 level is the last...
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