Author: Irit Rutenberg

By FX Empire.com The USD/JPY pair dropped early Tuesday as the strong yen forced the pair to cover the previous gains, in which the pair reached its highest level in six days. On the other hand, the US dollar was able to keep...

By FX Empire.com The NZD/USD pair advanced slightly early Tuesday after it reached its lowest level in ten days, where the US dollar retreated against the euro and other major currencies. The Kiwi advanced in a correction...

By FX Empire.com The AUD/USD pair covered some of its previous losses, as the US dollar retreated slightly against other majors after in a correctional movement after its prior gains. Moody’s Investors Service announced it...

By FX Empire.com Pessimism continues to dominate markets as rating agencies warn from mass downgrades in Europe which could pose significant economic threats on a global scale, raising concerns among traders and push them to...

By FX Empire.com EUR/USD fell hard on Monday as traders worried about the possibility of Moody’s downgrading the EU countries on top of the S&P threat. This will continue to weigh on the ability to own the Euro. The...

By FX Empire.com USD/JPY rose during the Monday session as the Dollar caught a bid against almost everything in the markets. The pair continues to have massive pressure on it though, and as long as the 80 level still seems too...

By FX Empire.com GBP/USD fell hard on Monday as the markets continue to trade with a “risk off” attitude. The crisis in the EU continues to weigh upon any currency that is farther out on the risk spectrum, and with...

By FX Empire.com EUR/GBP fell hard on Monday as the 0.8500 level finally gave way as support. The breaking of this level suggests that we are going to see much lower levels, not only because of the breakdown, but the fact that...

By FX Empire.com The USD/CHF pair skyrocketed through the 0.93 level on Monday as the “risk off” trade crushed the Euro, and caused a run to the Dollar. The Swiss National Bank is willing to fight Franc appreciation,...

By FX Empire.com EUR/CHF continues to grind sideways over in a very tight range. The pair is kept lower by the 1.25 resistance area, and the “floor” below at the 1.20 level as announced by the Swiss National Bank....