Author: Irit Rutenberg

By FX Empire.com Jitters continued to dominate global financial markets on Monday, as despite the announcement that Italian Prime Minister Berlusconi will step down and former EU Commissioner will take his post as the new Prime...

By FX Empire.com The lack of data from Switzerland and the United States left the USD/CHF moving in line with the prevailing sentiment that remained skeptic over Europe’s ability to contain the crisis which in role boosted...

By FX Empire.com Sterling slumped heavily with the start of the week amid fears over the outlook for Europe and evident risk aversion that left cautious investors betting on Greenback, forcing sterling to the downside. The...

By FX Empire.com The EUR/CHF is still biased south with the star of a new weak as the euro weakness kept the pair biased for swissy gains despite downbeat data from Switzerland. The dominant euro jitters extended with the start...

By FX Empire.com It was a strong bearish opening for the EUR/USD this week with heavy losses seen despite the expected relief on the new Italian government. The relief rally on the new Mario Monti government in Italy and the...

By FX Empire.com Since the level of uncertainty in markets remains high and the outlook for the euro zone debt crisis is unclear, traders continued to target safe haven, which drove the USD higher against majors. Optimism was...

By FX Empire.com The USD/JPY pair retreated in thin trading early Monday, despite the cheerful GDP data from Japan which helped the Japanese stock market to climb by more than 1.0%. The Japanese economy grew 1.5% during the...

By FX Empire.com The NZD/USD pair dropped early morning after the greenback recorded gains against most of its major counterparts, as talks about the delay from the Chinese authorities in taking actions to evaluate the yuan open...

By FX Empire.com The AUD/USD pair dropped with the beginning of the week as the greenback gained against most of its major counterparts after strong words from President Barack Obama regarding the Chinese currency being under...

By FX Empire.com EUR/USD rose on Friday as the EU begins to take serious steps in resolving their debt crisis. The Greeks swore in a new Prime Minister, and the Italians passing new budget reforms. The pair rose rapidly during...