By FXEmpire.com Worries over Europe have heightened especially keeping Spain and Italy in mind and due to this risk aversion has hit the global financial markets, leading to a downside pressure in Asian equities. In...
Read MoreBy FXEmpire.com The EUR/CHF pair continued to do very little during the session on Wednesday as the bottom put in by the Swiss National Bank is still being either respected, or covertly enforced by the SNB itself. The 1.20 mark...
Read MoreBy FXEmpire.com The AUD/USD pair has a difficult role to play these days. The Wednesday session saw this pair fall straight down, and even come close to testing the lows form a couple of sessions back. This pair is a proxy for...
Read MoreBy FXEmpire.com The USD/CAD pair has been ripping higher for a couple of weeks now. This pair is actively tracking the weakness in oil, and the oil markets gave way on Wednesday. Oddly enough, the 1.03 resistance level has held...
Read MoreBy FXEmpire.com The NZD/USD pair had a horrible day on Wednesday as the duel shooting stars from Monday and Tuesday gave way to the bears. The pair looks very weak still, and as long as there are global risks out there, the Kiwi...
Read MoreBy FXEmpire.com The silver markets fell for much of the session on Wednesday, but managed to bounce in the end to form a hammer. The market stopped trading at the $28 handle, and this is right in the middle of the current...
Read MoreBy FXEmpire.com The Light Sweet crude markets fell hard on Wednesday as the global economic concerns continue. The demand for oil has simply slowed down, and there is a bit of a “risk premium” about the Iranian...
Read MoreBy FXEmpire.com The natural gas markets continued the fall on Wednesday as the pullback over the last few weeks has been repudiated. The market is without a doubt overly bearish, and the bounce of late has simply been a set up...
Read MoreBy FXEmpire.com The gold markets had a positive session on Wednesday in order to bounce from the $1,540 level again. The recent action has been very consolidative, and it looks as if the market is settling into a comfortable...
Read MoreBy FXEmpire.com Analysis and Recommendation: The AUD/USD hit a seven month low to end the month. The Aussie is trading at 0.9708. The USD continues to garner strength as markets remain in risk aversion safe haven mode. The...
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