Fx Empire

Yesterday’s marquee event was Janet Yellen’s press conference after the FOMC decision to hold rates and policy. In their economic statement, the Fed reduced their outlook for growth in...

Crude Oil continued to gain on Thursday morning, trading back over 106 again and adding 42 cents while Brent Oil—which is much more sensitive to the problems in Iraq—rallied by 12 cents to...

Asian markets are trading on a mixed note today on the back of favorable economic data from Japanese economy acting as a positive factor. While on the other hand, unrest in Iraq along with...

Violence continues in Iraq but it appears that traders are immune or bored with the Middle East problems. Up to 275 U.S. soldiers are being positioned in and around Iraq to protect the U.S. Embassy...

Asian currency markets were relatively quiet this morning. The Japanese yen eased against both the euro and the greenback to trade at 138.47 and 102.21. Yen traders were upset by disappointing trade...

Crude Oil eased by 69 cents to trade at 105.61 after reports showed that the fighting was remaining in the north of Iraq away from the prime production centers located in the southern part of the...

Gold continued to ease throughout the day giving up $10.50 to trade at 1264.80. Gold price fell further from a three-week high as investors withdrew money from the top bullion fund at the fastest pace...

The EUR/USD eased by 7 points on surprising data from Germany. The pair traded at 1.3566 after German ZEW economic sentiment tumbled showing concerns after the ECB added its big guns a few weeks ago....

Gold has been surprising traders after climbing on Monday to trade above the 1280 level, it has declined this morning to trade at 1268.60 giving up $6.70 in early trading. Silver is taking its cues...

Wall Street showed a lack of direction throughout the trading day on Monday as trader weighed worries about the deteriorating security situation in Iraq against a batch of upbeat U.S. economic data....

Oil prices seem to have hit a wall of resistance on Monday. Over the weekend violence and tensions in Iraq turned into a civil war between two major religious factions as the US considers military...

Gold gave back a bit of Thursday’s gains to close the week at 1251.60 after touching a weekly high of 1257.90. Gold ended the week up 0.5% after prices got a boost from the ECB’s decision...

The EUR/USD surprised traders and rebounded after the ECB moved to inject stimulus into the eurozone by adding a lot of new programs and venturing into negative interest rates. The euro jumped the...

At the end of the week, traders were pleasantly surprised after the release of the nonfarm payroll (NFP) report. U.S. payrolls expanded by 217,000 in May, extending a 282,000 rise in April, the Labor...

Gold is flat this morning trading at 1252.50 after showing a small weekly gain last week. Precious metals recovered last week despite their modest fall on Friday following the release of the NF...

WTI crude oil seems to be hitting major resistance at the 103 level, trading this morning at 102.84 up by 17 cents supported by a strong US nonfarm payroll report released on Friday. The data shows...