Author: Irit Rutenberg

By FX Empire.com USD/CHF fell for the Wednesday session as the Dollar got hit again. However, the 0.91 level came into play, and held up as support again. The area actually extends down to the 0.90 figure, and as a result we are...

By FX Empire.com The EUR/CHF found itself treading dangerously close to the floor put in the pair by the Swiss National Bank on Wednesday. The move initiated on Tuesday saw the pair go as low as 1.2030 at one point, but the...

By FX Empire.com AUD/USD continued to rise in value on Wednesday as traders pile into the commodity currencies as a whole. The Aussie is also enjoying the benefits of being highly correlated to gold as well, and as that market...

By FX Empire.com USD/CAD fell on Wednesday, and even managed to get below the parity level. However, the market couldn’t maintain a break below the bottom of the Tuesday hammer, and as a result hasn’t really resolved...

By FX Empire.com NZD/USD rose above the range from the previous session on Wednesday, showing real momentum to the upside now. The Tuesday candle was similar to a shooting star, and the breaking of the upper part of the range...

By FX Empire.com Light Sweet Crude initially rose during the Wednesday session as the bounce from the $98 level continued. The market has been consolidating between $98 and $104 since late December, and this move would have been...

By FX Empire.com Natural gas fell yet again on Wednesday as the bears have stepped back into the markets. The inability of the recent pullback of drilling by Chesapeake and others to rally the markets certainly says everything...

By FX Empire.com Gold markets rose again on Wednesday, but still haven’t broken above the crucial $1,750 level. It is at this point that we feel new longs can be initiated. The market is grinding higher, and shows that it...

By FX Empire.com The US has begun to show slow growth and most economic reports, even those under forecast, have positive traits. Albeit, a slow recovery, it has all the signs of recovery. Since the economic crisis was not a...

By FX Empire.com Economic Events: (GMT) No Local Economic Events Scheduled for Friday 00:15 USD FOMC Member Fisher Speaks Federal Reserve Bank of Dallas President and Federal Open Market Committee (FOMC) voting member (2008 and...