By FX Empire.com The EUR/USD pair absolutely fell apart on Wednesday as the Italian 10 year bonds broke above the 7% mark for the first time since adopting the Euro. The pair was relentless in its selling, and it now finds...
Read MoreBy FX Empire.com USD/JPY rose during the session on Wednesday as the flight to safety actually pushed this pair in the opposite direction that we are used to seeing. It appears that traders are quite happy to sit on Dollars at...
Read MoreBy FX Empire.com GBP/USD fell hard on the Wednesday session, and even reached to the bottom of the recent support area in the form of 1.59. The top of this recent area of consolidation is to be found at 1.62, and we could see a...
Read MoreBy FX Empire.com USD/CHF rose during the Wednesday session as the issues in Europe seem to keep compounding. The Italians now have to pay more than 7% for their 10 year bonds, and this is seen as a possible “point of no...
Read MoreBy FX Empire.com EUR/CHF fell during the session on Wednesday as the Italian 10 year bonds reached over 7% for the first time since joining the EU. The Swiss are currently working against the appreciation of the Franc, so even...
Read MoreBy FX Empire.com AUD/USD fell hard on the session for Wednesday as traders have sold off all things related to taking risk. The Aussie is very susceptible to headline risks, and as a result this pair didn’t act well to...
Read MoreBy FX Empire.com The USD/CAD pair rose during the Wednesday session as the safe haven trade was back on. The oil markets fell, and this also pushed the price of the CAD down across the board. The pair went straight up to the...
Read MoreBy FX Empire.com Light Sweet Crude The CL contract had a slightly bearish day on Wednesday as traders sold off risk assets in general. The resulting candle for the session looks much like a hammer, but at the top of the recent...
Read MoreBy FX Empire.com Natural gas markets sold off rather harshly on Wednesday as the market continues to look very weak. The $3.75 level turned out to hold as resistance, and the move was straight back down to the support we have...
Read MoreBy FX Empire.com Gold markets sold off on Wednesday as traders continue to liquidate positions in order to raise margin. One of the biggest culprits: The LCH raising margin requirements on Italian bonds. In a situation like...
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