Author: Irit Rutenberg

By FX Empire.com The week started with clear favors to the dollar amid mounting debt and growth woes that helped the USD/CHF maintain the upside bias. The U.S. suppercommittee did not reach any agreement on cutting the debt and...

By FX Empire.com The EUR/CHF held the tight trading range with a choppy trading session as the focused remained on the worsening state of the global economy. Weak industrial figures from Japan started the day in fear and the...

By FX Empire.com The EUR/USD started a week with a lot of developments yet failed to escape the downside pressure and ongoing fear that kept the dollar favored on its haven appeal. The euro lost grounds even as we expected the...

By FX Empire.com The NZD/USD pair continued its free fall to reach its lowest level in six weeks, with the focus turned to low-yielding currencies such as the yen and greenback, making it hard for the Kiwi to compete. The EU...

By FX Empire.com The AUD/USD pair dropped to its lowest level in six weeks, as the US dollar gained against most of its major counterparts due to the risk aversion that controlled the FX market. On the other hand, most of the...

By FX Empire.com The USD/JPY pair traded with thin volume near its lowest level in three weeks with the beginning of the week, where the yen and the dollar still have the market attention as safe haven currencies, which drove...

By FX Empire.com Pessimism continues to dominate markets as tensions from Europe persist after Moody’s warned France that the recent rise in the bond yields and the slowing economic growth could lead to a downgrade to...

By FX Empire.com EUR/USD rose during the session on Friday as the pair continues to fight tooth and nail at the 1.35 mark. The resulting candle is a shooting star, so it does show just how much trouble the bulls are having at...

By FX Empire.com USD/JPY fell during the Friday session, but managed a bounce to form a hammer at support. The pair looks like it is ready to bounce a bit, but buying isn’t advised. The pair is decidedly bearish, and any...

By FX Empire.com GBP/USD fell during the session on Friday after an initial bounce to form a shooting star. The pair looks weak, and rightfully so as the Bank of England continues to hint of further quantitative easing to come....