Author: Irit Rutenberg

By FX Empire.com The USD/JPY pair dropped early Thursday after it recorded its lowest level in three weeks the day before, as risk aversion returned to hit the financial market causing the safer assets such as the yen to...

By FX Empire.com Markets are resuming the sharp losses seen yesterday which were triggered by renewed fears over Europe’s banking system and the declining home prices in theUS. Markets will be closely watchingItaly’s...

By FX Empire.com Light Sweet Crude The CL contract had a bearish day for Wednesday as the markets sold off. The $100 level has shown itself to be resistive yet again, and the anticipated breaking out of the potential bullish...

By FX Empire.com USD/JPY fell originally during the Wednesday session, only to pop back up and form a hammer for the day. The pair is being supported by the Bank of Japan, and the trend is currently down from the 80 level which...

By FX Empire.com USD/CHF rose during the session on Wednesday as the Dollar got bought up in all markets. The Swiss National Bank is working against the overall strength of the Franc, so a move upwards makes sense in times of...

By FX Empire.com USD/CAD fell at first on Wednesday as oil rose, but the Saudis stepping into the market as saying that they are willing to produce more in response to any blocking of the Strait of Hormuz by Iran. The US Navy...

By FX Empire.com NZD/USD fell on Wednesday as traders sold risk. The Kiwi dollar is highly sensitive to commodity prices, and most fell for the session. The 0.78 level was an area we mentioned as being resistive in...

By FX Empire.com GBP/USD fell rapidly during the Wednesday session as traders took off risk all the way around. The recent range between 1.54 and 1.58 has contained cable quite well, but the overall move over the last couple of...