Author: Irit Rutenberg

By FX Empire.com GBP/USD rose during the session on Monday as the pair reached the bottom of its recent consolidation zone. The last time we reached this low, the pair bounced a bit, but failed to reach the top of the...

By FX Empire.com EUR/GBP rose during the session on Monday as the gap down was filled from the weekend. However, the trend is most decidedly bearish overall, and we believe this market is still a “sell only” pair....

By FX Empire.com For the last week or so, the market has been talking about the Swiss National Bank’s Chairman Phillip Hildebrand, and the scandal surrounding him. It turns out that a day or two before the now famous...

By FX Empire.com EUR/CHF fell during the session on Monday as traders continue to sell off the Euro in general. The pair has been consolidating lately, and despite the resignation of the Chairman of the Swiss National Bank, the...

By FX Empire.com AUD/USD fell for a little while during the Monday session, but bounced quite nicely as the Americans took over. The pair is very risk sensitive, and we are starting to see a pattern of European pessimism...

By FX Empire.com USD/CAD fell during the Monday session as the oil markets continue to ungulate between rising in value and falling. The oil markets are being rocked by threats of Iranians closing the Strait of Hormuz and the...

By FX Empire.com NZD/USD rose during the Monday session as traders bought the Kiwi around the globe. The pair looks very bullish at the moment, but the 0.79 to 0.80 area should be resistive going forward. Because of this, we are...

By FX Empire.com Light Sweet Crude fell for most of the session on Monday as the world continues to worry about slowdowns in various economies. Of note are the Chinese and Europeans. As two of the largest consumers of petroleum...

By FX Empire.com Natural gas markets had a very quiet session on Monday as traders continue to grapple with the idea of sub-$3 trading. The level is acting as support, but the reality is that the trend is down, and the situation...

By FX Empire.com Gold markets fell a bit during the Monday session as the markets continue to be somewhat tepid as far as risk taking. The $1,650 level just above looks like it is trying to become serious resistance, and will...