By FXEmpire.com The USD/CAD pair had a bullish session on Monday, but only just. The oil markets ended the session higher after falling to form a hammer. The USD/CAD pair formed a bit of a bearish outside candle, so it looks as...
Read MoreBy FXEmpire.com The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to 3.50 per cent, citing further weakening in Europe and some moderation in growth in China as contributing to its decision....
Read MoreBy FXEmpire.com The NZD/USD pair ended up higher at the end of the session on Monday, as the oversold conditions finally had people stepping into the market as it has been so furiously sold off. The pair is a barometer of global...
Read MoreBy FXEmpire.com The silver markets continued to grind away on Monday as the consolidation pattern continues. The $27 level is the support, and the $29 to $30 level is the resistance. The market looks as if it really isn’t...
Read MoreBy FXEmpire.com The Light Sweet Crude markets fell for much of the day on Monday, only to bounce back and form a hammer for the daily candle. This is a supportive turn of events, and the fact that this market has sold off so...
Read MoreBy FXEmpire.com The natural gas markets managed to finish the day on a positive tone, and as a result the market has set up a fade coming to our attention. The $2.60 and $2.80 levels should be resistive, and as such we are...
Read MoreBy FXEmpire.com The gold markets had a fairly quiet day in on Monday in comparison to the massive rally that the market saw on Friday. The gold markets rallies hard after a poor Non-Farm Payroll number on Friday, and the...
Read MoreBy FXEmpire.com Analysis and Recommendations: The GBP/USD rose in today’s light trading session. The pair is at 1.5395 as the USD lost some momentum after Friday’s disastrous jobs and ISM reports. Safe haven traders...
Read MoreBy FXEmpire.com Analysis and Recommendations: The EUR/USD added a few pips today to trade at 1.2490 challenging the 1.25 resistance. US Non-Farm Employment Change declined by 8,000 to 69,000 in last month as against previous...
Read MoreBy FXEmpire.com Analysis and Recommendations: The EUR/GBP climbed to 0.8114 adding 20 pips on the celebration of the Queens Jubilee. Today is a bank holiday in the UK and no markets are open in honor of the Queens celebration....
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