By FX Empire.com The gold markets continued to grind higher on Wednesday as traders are starting to question many of the “solutions” that the EU has come up with. After all, there has been no real announcement, and the market’s...
Read MoreBy FX Empire.com The USD/JPY shot straight up during the Wednesday session as traders got enthusiastic about the rallying stocks markets. The Bank of Japan is threatening intervention any time this pair falls too much, so buying...
Read MoreBy FX Empire.com The USD/CHF pair fell hard on the session for Wednesday. The pair reflected the Dollar negative attitude around the markets, but one cannot be too aggressive in buying the Franc as the Swiss National Bank is...
Read MoreBy FX Empire.com USD/CAD fell hard during the session on Wednesday, breaking several stops along the way. The pair is typically tied to the oil markets, and as a result – we normally will watch both simultaneously. Something odd...
Read MoreBy FX Empire.com The NZD/USD pair had a strong day on Wednesday as traders bought any and everything risk-related. The Kiwi is highly correlated with global risk, and the happiness around the globe got the Kiwi market excited....
Read MoreBy FX Empire.com The GBP/USD rose rapidly during the Wednesday session, as the global risk attitude of traders increased. Also, there certainly would have been some short-covering by traders as the pair bounced. The pair has...
Read MoreBy FX Empire.com EUR/USD had a very bullish day on Wednesday as traders continue to press forward with their belief that the EU has a solution coming in the near term. In the mean time, there really hasn’t been much news flow to...
Read MoreBy FX Empire.com The EUR/CHF pair fell on Wednesday as traders continue to trade this market in a tight range. The Swiss National Bank is actively working against the appreciation of the Franc, and as a result we cannot sell....
Read MoreBy FX Empire.com AUD/USD rose on Wednesday as traders took on more risk due to hopes of a solution to the EU’s debt crisis. However, the pair has stopped as the first significant resistance area above the parity level. The daily...
Read MoreBy FX Empire.com The USD/CAD pair extended its losses on Wednesday, as hopes EU leaders will reach a solution to ease the European debt crisis overshadowed the Slovak Parliament’s rejection of expanding the size and power of the...
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