Fx Empire

There is an overall lack of data this week with the exception of the much anticipated FOMC minutes which seem to be generating a lot more interest due to bored and lack of any other news or headlines...

Brent Oil gained 20 points this morning to trade at 110.79 on news that the Ukraine government routed Pro-Russian separatists over the weekend, which might mean the a truce and cease fire negotiations...

Wall Street was closed on Friday for the U.S. Independence Day holiday leaving global markets very quiet which continued to the balance of the weekend. Meanwhile European markets edged lower in quiet...

Global leaders and central bankers are worried about the effects of the high price of brent and crude oil on inflation and growth. This situation is posing an immediate threat that politicians are...

Wall Street posted modest gains on Friday, as stocks benefited from a late rally. The choppy trading for most of the session was due to the uncertainty about the near-term outlook for the markets...

Traders saw a good deal of data in the Asian session including Japanese Industrial Production which missed its target along with a drop in New Zealand business confidence. Asian markets are trading on...

Weekly Analysis and Recommendation:The EUR/USD gained this week to close at 1.3634 as the US dollar tumbled on lackluster economics data which pushed the greenback to a recent low. The U.S. dollar...

Crude Oil diverged from Brent Oil this morning as WTI gained 17 cents to trade at 106.68 and Brent gave up 14 cents to reach 113.97 as Iraq production and exports continue to climb showing little...

Gold continued to ease trading at 1317.50 as traders booked profits after gold reversed course late Wednesday after disappointing US data including GDP and CORE durable goods. As gold climbed to touch...

European markets closed lower on Wednesday, amid concern over the violence in Iraq. Wall Street rose with the Dow and S&P 500 bouncing back after a two-day decline, as speculators wagered the...

Crude Oil eased by almost ½ dollar this morning to trade at 105.71 while Brent oil has continued to decline since the beginning of the week. After breaking $115 last week Brent has tumbled to...

Gold eased this morning to trade at 1316.40 as traders booked profits as silver dipped 87 points to trade at 20.877. Platinum gained $4.35 to reach 1461.90 as miners settled the long on going strike....

Asian exchanges are trading on a mixed note this morning on the back of positive economic data from the US in yesterday’s trade supported an upside in the markets. While on the other hand,...

Analysis and Recommendations:Silver eased 176 points to trade at 20.818 as traders booked profits after precious metals climbed on global tensions last week. There is underlying support from the...

This morning, traders got what they were hoping for—both Chinese and Japanese manufacturing PMIs reported well above expectations. The Purchasing Managers’ Index from HSBC printed at 50.8,...

Gold is trading at 1312.70 this morning giving up $3.90 in the Asian session after closing above the 1315 price on Friday as violence in Iraq move traders to the safety of gold. Gold is seen as a safe...