Author: Irit Rutenberg

By FX Empire.com Pessimism dominated global financial markets on Wednesday, where weak economic data from major economies around the globe weighed down on confidence. Moreover, woes from the European debt crisis continued to...

By FX Empire.com As we expected the EUR/CHF maintained the downside bias with the favor seen for the Swiss Franc as the debt woes intensified and fears of contagion spread to other major economies in the euro area. The biggest...

By FX Empire.com It was another really bad day for the EUR/USD as the pair returned strongly to its bearish run amid mounting debt woes and fears of contagion that seemingly now affected Germany! The fear of surging yields and...

By FX Empire.com On Wednesday, the pair continued its drop for the third day amid tensions spreading in markets which empowered demand on the greenback as a refuge. Concerns aggravated the debt contagion is spreading among the...

By FX Empire.com On Wednesday trading, the pair showed advance as the tensions in markets enhanced demand on the dollar as a safe haven. Concerns aggravated the debt contagion is spreading among the euro region’s largest...

By FX Empire.com The renewed worries over the global economic growth weakened the market’s sentiment, increasing demand on the safe haven USD. In China the HSBC flash manufacturing PMI fell by the most since March 2009,...

By FX Empire.com The NZD/USD pair reached its lowest level in eight months, as the US dollar soared against all of its 16 major peers after the FOMC minutes caused a selloff in the financial market. The Asian stocks dropped,...

By FX Empire.com The AUD/USD pair dropped to its lowest level in seven weeks, as the US dollar increased sharply against most of its major counter parts after the FOMC minutes which fueled risk aversion in financial market. The...

By FX Empire.com The USD/JPY pair traded in a narrow range early Wednesday but it leans to the upside, as the US dollar is gaining momentum against most of its major counterparts which makes it hard for the Japanese yen to...