Author: Irit Rutenberg

By FX Empire.com Profit Taking in Asia to End the WeekAsian exchanged posted followed US markets on Thursday after the US Federal Reserve pledged to keep interest rates low for another three years to nurture the country’s...

By FX Empire.com Economic Events: (GMT) Close of the Asian Markets 13:30 USD Core PCE Price Index (MoM) 13:30 USD Personal Spending (MoM) The Core Personal Consumption spending (PCE) Price Index measures the changes in the price...

By FX Empire.com Economic Events: (GMT) Close of Asian Markets There are no economic events or reports due in Australia today. 13:30 USD Core PCE Price Index (MoM) 13:30 USD Personal Spending (MoM) The Core Personal Consumption...

By FX Empire.com Light Sweet Crude markets continue to grind away in the consolidation area that we have been watching for days. The candle for the Thursday session produced a shooting star, and this was just after a hammer. The...

By FX Empire.com Natural gas markets fell during the session on Thursday as the recent rally has run out of steam. This is the action that we suspected would be coming, but we haven’t got the great sell signal that we...

By FX Empire.com Gold markets rose again on Thursday as traders continue to sell not only the Dollar, but a lot of other paper assets as well. This will always give a boost to the gold markets as it is considered as a...

By FX Empire.com USD/JPY fell during the Thursday session as the shooting star we pointed out from Wednesday got triggered to the downside. The pair is decidedly bearish overall, and the recent consolidation area had absolutely...

By FX Empire.com USD/CHF fell during the Thursday session as the Dollar got sold against many currencies around the world. The later hours saw a bounce though, and the resulting candlestick formed a hammer. This bullish sign...

By FX Empire.com The USD/CAD pair fell during the Thursday session as traders pushed the market down below the parity level. The market continues to be pushed around by the oil markets, and will certainly be so for the near...

By FX Empire.com NZD/USD rose again for the Thursday session as the “risk on” trade continues to press forward. The commodity currencies all got a boost, and with the Federal Reserve willing to keep rates low until...