Author: Irit Rutenberg

By FX Empire.com Natural gas absolutely sliced through the $3 support level this past week, and has left no doubt as to the intention of the markets going forward. The market is far too weak to consider buying at this point, and...

By FX Empire.com Gold rose for the week, but pulled back from the highs to close below the $1,650 level. This area is a strong resistance area, and until we can clear it on at least a daily close, it will be difficult to buy...

By FX Empire.com Light Sweet Crude fell slightly by the end of the session on Friday as the markets had a volatile day. The downside was explored, but the supportive action shows more indecision than anything else in this...

By FX Empire.com Natural gas fell hard on Friday as the onslaught in this market continues. The supply is simply far too large, and the lack of real demand in the northeastern United States is simply far too much for the bulls...

By FX Empire.com Gold markets fell for the session as traders around the world took profits. The $1.650 level is massive resistance, and it looks like the area has held as of the close on Friday. The candle is a bit of a hammer...

By FX Empire.com Economic Events: US Markets are closed in observance of Martin Luther King Day Historical: High: 114.57 Low: 76.84 Resistance: 100.98 100.32 99.60 Support: 98.12 97.44 96.80 Rule: Crude Oil is considered the...

By FX Empire.com Economic Events: US Markets are closed in observance of Martin Luther King Day Historical: High 5.13 January 2011 Low 2.76 January 12, 2011 Rule: Natural gas is sometimes said to be the queen of all commodities,...

By FX Empire.com Economic Events US Markets are closed for Martin Luther King Holiday Jan. 16 08:30 CAD New Motor Vehicle Sales (MoM) Historical: Highest: 1.0842 CAD on 01 Nov 2009. Average: 1.0147 CAD over this period. Lowest:...

By FX Empire.com Economic Events January 16 All Day USA Holiday United States – Martin Luther King, Jr. Day Tentative CNY Chinese GDP (YoY) Level 1 Level 2 Level 3 Resistance 1697.2 1664.1 1659.0 Support 1628.2 1609.3...

By FX Empire.com The USD/JPY pair dropped last week after the US dollar lost its momentum against other majors, yet with the return of the risk aversion on Friday with downgrade fears for the euro area the yen again held its...