By FX Empire.com The AUD/USD pair dropped last week to its lowest level in five weeks, as the greenback soared against most of its major counterparts due to risk aversion that controlled the financial market recently. Aussie...
Read MoreBy FX Empire.com Mixed sentiments dominated global markets on Friday, where fears the European debt crisis is spreading persisted. Nonetheless, rising leading indicators in the United States provided investors with hope over the...
Read MoreBy FX Empire.com The euro climbed against the US dollar on Friday as investors are closing their bearish positions in an attempt to book the profits ahead of the weakened. Data from Europe is restricted to Germany’s PPI...
Read MoreBy FX Empire.com Light Sweet Crude The CL contract fell hard during the session on Thursday, and even formed an outside reversal day – a very bearish signal. Because of this, we are willing to have a shot at selling this...
Read MoreBy FX Empire.com Natural gas markets bounced during the Thursday session, as traders sold off most commodity markets. The pair is in a massive bear market at the moment, so we look at these bounces as simply invitations to sell...
Read MoreBy FX Empire.com The gold markets fell hard on Thursday, losing more than $50 an ounce. The selloff was in concert with a move down in many of the larger commodity markets dues to fears of European debt contagion and the impasse...
Read MoreBy FX Empire.com The USD/JPY fell again on Thursday as traders continue to express a real lack of confidence in the global markets. The Bank of Japan has been intervening in the markets, pushing prices higher form time to time....
Read MoreBy FX Empire.com The USD/CHF pair had a fairly quiet day on Thursday, but did form a small hammer of sorts. The pair is approaching the recent highs, and if the 0.93 handle gives way – this pair should continue much...
Read MoreBy FX Empire.com The USD/CAD pushed higher on Thursday, testing the 1.03 handle again. The 1.03 level is the top of the recent consolidation area, and the sight of massive resistance. The breaking of this area on a daily close...
Read MoreBy FX Empire.com The NZD/USD pair fell on Thursday as traders continue to sell risk-related assets around the world. The Kiwi will be especially sensitive to the commodity markets as it is one of the well documented “Com...
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