By FX Empire.com The EUR/CHF pair had another negative week over the last five sessions as the situation in Europe fails to instill confidence in traders. The pair looks very heavy, but the 1.20 level just below is the...
Read MoreBy FX Empire.com AUD/USD rose during the previous week after first facing an initial selloff. The pair formed a hammer for the week and looks like it could be set to rise, but as the highs continue to get lower, it is hard to be...
Read MoreBy FX Empire.com Light Sweet Crude The CL contract fell slightly in very thin trading on Friday. The market continues to look buoyant, but the $100 level above keeps fighting back. The $105 level is actually the top of the...
Read MoreBy FX Empire.com The natural gas markets fell on Friday as the traders continued to sell the overabundant resource off. The $3 level has given way a bit, but the fact that the market is sitting at $2.99 doesn’t exactly get...
Read MoreBy FX Empire.com Friday saw a bounce in the gold markets as the hammer from Thursday triggered buy orders. The move was strong, and it was more than likely helped by short covering. The overall trend is still up, and as long as...
Read MoreBy FX Empire.com The USD/JPY pair fell hard on Friday as traders continue to sell off the Dollar against the Yen. The pressure of the downside is still strong, and the breaking of the bottom of the triangle is a sign of further...
Read MoreBy FX Empire.com USD/CHF fell on Friday as traders originally tried to rally “risk on” assets. The Dollar caught a bid later in the session though, and the USD/CHF was no different than any of the others. The daily...
Read MoreBy FX Empire.com USD/CAD fell on Friday, but did manage a bit of a bounce as the Dollar got a bid in the US session. The oil markets fell, and this always gives the Canadian dollar a bit of a selloff. The hammer looks like it is...
Read MoreBy FX Empire.com NZD/USD rose on Friday as the markets bought the commodity currencies. Oddly enough, the commodities themselves didn’t do as well overall. The gold markets did well as did corn, but the oil markets sold...
Read MoreBy FX Empire.com The GBP/USD rose on Friday as traders bought the Pound in general. The pair managed to claw its way above the 1.55 level, but the end of the day saw some selling. The volumes were certainly light on the last...
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