Author: Irit Rutenberg

By FXEmpire.com “A secret plan to save Europe”: That’s how the German newspaper Welt am Sonntag described it this weekend. According to the paper, European Council President Herman Van Rompuy, European...

By FXEmpire.com Follow up to The Much Overlooked EUR/GBP Yesterday, the resilience in the headline EUR/GBP cross rate was also visible in EUR/GBP. There was not really one event to explain the move. The pair was simply captured...

By FXEmpire.com The EUR/USD pair rallied for most of the session on Wednesday, but gave back a lot of the gains towards the end of the session. Fears of a weaker GDP in the US has people concerned, and therefore buying the...

By FXEmpire.com The USD/JPY pair had a relatively quiet session on Wednesday as the markets continue to measure the likelihood of more easing coming out of the Federal Reserve. The Bank of Japan is certainly in an easing mode,...

By FXEmpire.com The GBP/USD pair fell at the end of the session on Wednesday as the GDP estimates for the US have been downgraded, sending the market into a “risk off” mode. This will always hinder the cable pair,...

By FXEmpire.com The EUR/GBP pair shot straight up during the session on Wednesday to slam into the 0.81 level. Closing at the absolute highs for the day, this pair looks like it wants to continue higher at this point. The pair...

By FXEmpire.com EUR/CHF did very little on Wednesday as the Swiss National Bank and its line in the sand at 1.20 is still holding up. The SNB is working hard to keep this pair above that level, and the market is certainly aware...

By FXEmpire.com The AUD/USD pair attempted to rally on Wednesday, but was turned away at the parity level yet again. This area is looking more and more like a “top” to the market, and as a result we are sellers of...

By FXEmpire.com The USD/CAD pair rose for the most part during the Wednesday session, after first trying to fall. The 1.03 level kept the market down, and as a result we have to wait to see the next move. The breaking of the...