By FX Empire.com Optimism was seen spreading through the Asian and European markets today on hopes Europe will boost efforts to cure the debt crisis during Friday’s EU summit, after S&P warned it might downgrade 15...
Read MoreBy FX Empire.com The NZD/USD pair traded in a narrow range early Wednesday near its highest level in three weeks, as the greenback lost momentum against the Kiwi and other majors as the risk appetite strengthens. The US dollar...
Read MoreBy FX Empire.com The AUD/USD pair advanced near its highest level in two weeks, after the Australian economy announced better than expected growth during the third quarter. The Australian economy released the GDP for the third...
Read MoreBy FX Empire.com The USD/JPY pair dropped for the third consecutive day as the dollar lost momentum against major currencies, as the current market sentiment indicates some stability before the EU summit in Brussels. The...
Read MoreBy FX Empire.com EUR/USD had another back and forth day on Tuesday as the news flow continues to whip the markets around at a relentless pace. The downgrade to “credit watch negative” for 15 EU countries got the pair...
Read MoreBy FX Empire.com USD/JPY had a negative session on Tuesday as traders continue to fade rallies in this pair. The 78 level continues to show itself to be resistive, as even the interventions can’t overcome it for any real...
Read MoreBy FX Empire.com GBP/USD fell during the session on Tuesday as traders continue to sell risk in this treacherous environment. The British Pound is currently tied very closely to the Euro’s fate, as the UK exports over 30%...
Read MoreBy FX Empire.com EUR/GBP reversed the previous day’s fall on Tuesday as traders continue to push this pair back and forth. The market is a battle between unloved currencies, and the recent consolidation range shows that...
Read MoreBy FX Empire.com USD/CHF continued to grind higher on Tuesday as traders are still running towards the US dollar for safety while the headlines are still poor overall. The Swiss National Bank has been working against the value...
Read MoreBy FX Empire.com EUR/CHF had a strong day on Tuesday as traders got enthusiastic about a possible second EU bailout fund running simultaneously to the EFSF fund. With the Euro being bought, and the Swiss National Bank claiming a...
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