Author: Irit Rutenberg

By FX Empire.com The plan is finally announced and the market met the broad lines with positivity and optimism sending the EUR/USD strongly higher. The market accepted the efforts and saw the new measures as strong and have the...

By FX Empire.com Optimism controlled the market on Thursday after European leaders unveiled the measures to contain the crisis, yet still the EUR/CHF moved to the downside as the franc extended the rally against a weak dollar....

By FX Empire.com On Thursday, the GBP/USD pair continued its rise after showing a slight decline on Wednesday to hover around seven-week high as the improvement in risk sentiment, after the European debt-relief accord and upbeat...

By FX Empire.com Broad markets turned positive today after confidence and risk appetite were ignited by the EU accord on the plan that could contain the debt crisis and bring stability to the global financial system. EU leaders...

By FX Empire.com The BOJ is still looking for the appropriate measure to prevent its currency from recording more gains and hurt the economy, as all the previous measures have failed. While a strong portion of the recent Yen...

By FX Empire.com The New Zealand dollar soared against all major counterparts, while it gained sharply versus the US dollar after Reserve Bank Governor Alan Bollard held interest rates at a record low and signaled borrowing...

By FX Empire.com The market rebounded after the meeting of European leaders held on Wednesday, where they decided write-down Greek bonds by 50% and boost the firepower of the rescue fund to 1 trillion euros ($1.4 trillion)....

On Wednesday, the pound fluctuated near seven-week high versus the greenback amid hopes and worries in markets that European leaders will be able to introduce a comprehensive and decisive plan in their meeting later in the day...

By FX Empire.com The EUR/USD pair had a wild day with the EU summit coming to a close, there was back and forth trading, and at the New York close, there were only rumors to trade off of. The hints that China might participate...

By FX Empire.com USD/JPY fell on Wednesday, and then bounced in the US afternoon. As a result, we have a hammer for the day – the second one in a row. There is talk of possible intervention in the pair by the Bank of...