By FX Empire.com Markets remain under pressures although some correction was seen this morning following the sharp losses suffered yesterday. Concerns over the outlook of the European debt crisis will persist today after Fitch...
Read MoreBy FX Empire.com The NZD/USD pair dropped to its lowest level in three weeks, as the strong US dollar forced other major currencies to decline with the current risk aversion that controlled the FX market. The U.S. dollar is...
Read MoreBy FX Empire.com The AUD/USD pair retreated to its lowest level in two weeks, as Aussie lost more ground against the U.S. dollar due to risk aversion that controlled the FX market during the latest period. The U.S. dollar is the...
Read MoreBy FX Empire.com The USD/JPY pair dropped for the first time in three days, with the ongoing risk aversion which dominated the financial market and pushed the lower-yielding currencies higher as a safe haven. The U.S. dollar is...
Read MoreBy FX Empire.com EUR/USD fell again on Wednesday as the FX community continues to shun the EU and the “solutions” that the region keeps coming up with. The 1.30 level has been broken, but the candle for the session...
Read MoreBy FX Empire.com USD/JPY rose a bit on Wednesday, but continues to be pressured to the downside overall in this market. The Bank of Japan has intervened several times in this pair, but at much lower levels. Because of this, we...
Read MoreBy FX Empire.com GBP/USD had a tumultuous session on Wednesday as traders continue to weigh the “risk” trade in this environment. The 1.55 level is the start of a massive support, and it runs all the way down to the...
Read MoreBy FX Empire.com EUR/GBP fell again on Wednesday as the Euro continues to fall against most other currencies. The problems in the EU continue to worry the markets, and the EUR/GBP speaks volumes as the market isn’t exactly...
Read MoreBy FX Empire.com USD/CHF broke through the 0.95 level on Wednesday as the world still continues to buy the Dollar while avoiding a conflict against the Swiss National Bank and their distaste for Franc appreciation. The move...
Read MoreBy FX Empire.com The EUR/CHF pair rose during the session on Wednesday as the market continues to grind back and forth in the 1.22 to 1.24 range. The pair is supported by the Swiss National Bank, and should continue to be so...
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