Author: Irit Rutenberg

By FX Empire.com The EUR/USD fluctuated heavily on Tuesday with all the eyes still focused on the upcoming summit on Wednesday, where an unexpected cancelation for the EU finance ministers meeting fueled further pessimism that...

By FX Empire.com Only one day before the European leaders will hold their second summit in 4 days trying to boost the region’s rescue fund, recapitalize banks, provide solutions for Greece that would prevent its default...

By FX Empire.com The USD/JPY pair dropped early Tuesday for the second straight day, as instability continues in financial markets amid the focus on the EU debt crisis which still kept the yen stronger against a volatile...

By FX Empire.com The New Zealand dollar declined against the US counterpart after the nation’s consumer confidence declined in the third quarter, ahead of the awaited steady rate decision from the RBNZ. The nation’s...

By FX Empire.com Aussie found good support against the US dollar amid optimism that European leaders will contain the region’s debt crisis, increasing demand for higher yielding investments. On the other hand, the...

On Monday, the pair fluctuated amid hopes that European leaders are coming closer to launching a comprehensive plan on Wednesday and worries after disappointing euro area reports. Meanwhile, the main focus is on the European...

By FX Empire.com EUR/USD rose again on Monday, but saw a sharp pullback from the 1.3950 area in the later hours of trading. It should be noted that the 1.30 level had served as resistance over the last few days, and it appears...

By FX Empire.com The USD/JPY pair fell again on Monday, as the Dollar got hit against all major currencies. However, the Bank of Japan has been very vocal over the last 24 hours about “speculative” moves in the Yen,...

By FX Empire.com The GBP/USD pair rose on Monday, and even retested the 1.60 level. The area held as resistance during the late hours of the session, and the recent consolidation in August at this level shows that we may have...

By FX Empire.com USD/CHF rose, and then sold off on Monday to form a shooting star on Monday. The market is being manipulated by the Swiss National Bank, which has been actively working against the Franc. Because of this, we...