Author: Irit Rutenberg

By FX Empire.com USD/JPY continues to sit in a tight range, and barely budged during the volatile Wednesday trading session. The market is currently being manipulated by the Bank of Japan as they want a lower valued Yen. The...

By FX Empire.com USD/CHF had a bullish day on Wednesday, and even popped above the 0.9000 mark. This was an area that we said we needed to see hold and get broken to the upside in order to buy this pair. Selling was never an...

By FX Empire.com The USD/CAD continued to respect the parity support area on Wednesday, as not only the demand for “riskier” currencies fell, but the demand for oil did as well. This was a double-whammy for the...

By FX Empire.com The NZD/USD pair rose to the all-important 0.8000 number and promptly fell. The 0.8000 level is in our opinion a massive resistance area, and will have to be overtaken in order to get long the Kiwi for any real...

By FX Empire.com The GBP/USD pair rose quite a bit during the first part of the Wednesday session, only to pull back in the later hours of the session. The 1.57 level held as support, and this is bullish for this pair, but with...

By FX Empire.com EUR/USD rose during the session as traders piled back into the Euro again on hopes of some kind of deal being worked out between Germany and France. (There was a Guardian report out of the UK that said as much.)...

By FX Empire.com The EUR/CHF is a heavily manipulated market currently. The Swiss National Bank has declared the 1.20 level a “floor “in this pair, and as such – it doesn’t dare test it. The Wednesday...

By FX Empire.com AUD/USD had a wild range on Wednesday, as traders originally bought the Aussie in large amounts, only to pullback later in the session. The risk off trade came back into vogue when reports of disagreements came...