By FXEmpire.com Outlook and Recommendation The GBP/USD closed the month at 1.5668 remaining strong, until after the release of disappointing GDP data showing that the UK had slipped into double dip recession. The domestic...
Read MoreBy FXEmpire.com Outlook and Recommendation The USD/JPY has been stuck in a range earlier in the month at the mid 79 price level and then towards the end of the month at the bottom of the 78.00 price, now trading at 78.13 After...
Read MoreBy FXEmpire.com Outlook and Recommendation The AUD/USD -traded as high as 1.0538 in July closing the month at 1.0482. AUD has rallied a full 9% since its year-to-date low of 0.9582 on June 1st. In tandem with this shift, the...
Read MoreBy FXEmpire.com Outlook and Recommendation The EUR/JPY is trading at 96.04 but fell to hit is record low during the month trading at 94.12 before bouncing back upwards after comments from ECB President Draghi. The Asian currency...
Read MoreBy FXEmpire.com Outlook and Recommendation The NZD/USD ended the month at 0.8089 having hit a high of 0.8122. A neutral stance at the RBNZ and an increase in risk appetite and improving investor sentiment has supported the NZD...
Read MoreBy FXEmpire.com The silver markets had a negative session on Thursday after the ECB failed to provide any type of “monetary bazooka” after its meeting. After the head of the ECB, Mario Draghi, stated that he was...
Read MoreBy FXEmpire.com Light sweet crude markets fell during the session on Thursday as the “risk off environment” put into play by the failure of the ECB to act had traders selling off anything remotely risky. The light...
Read MoreBy FXEmpire.com The natural gas markets got absolutely pummeled during the Thursday session as the announcement of a larger than expected build of natural gas reserves in the United States absolutely stopped the bullish action...
Read MoreBy FXEmpire.com The gold markets initially spiked during the session on Thursday as traders around the world expected to hear the ECB come out with some type of massive new program. As the announcement was released however, it...
Read MoreBy FXEmpire.com The USD/JPY pair fell during the session on Thursday as the “risk off” trade came back into play. This was predicated by the ECB and its lack of monetary policy after the meeting. However, this pair...
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