Author: Irit Rutenberg

By FX Empire.com The USD/JPY retreated for the second day after markets lost confidence once again, as Moody’s Investors Service reported that France’s sovereign debt rating is facing great pressure. The...

By FX Empire.com All eyes focus on the Germany’s comments that indicated the European leaders will not be able to fully support the repair of the euro zone’s debt crises as expected at the next summit, which will be...

By FX Empire.com The EUR/USD pair fell hard on Monday as German Finance Ministers stated that the “solution to the EU problems aren’t going to be announced in a few short days”, which seemed to be what the...

By FX Empire.com USD/JPY continues to hover in its tight range as traders are taking advantage of extremely low volatility in the market. The Bank of Japan is willing to step into the market on the buy side if the Yen...

By FX Empire.com The GBP/USD pair has a bearish day on Monday, as traders reacted to statements about the lack of speed of an upcoming EU solution. This put the “risk on” trade on the back foot for the session, and...

By FX Empire.com USD/CHF rose during the Monday session as traders continue to buy the US dollar in reaction to the lack of urgency shown by the EU in relation to the debt problems in that area. The market has gone decidedly...

By FX Empire.com The EUR/CHF pair continues to sit still on Monday as the market isn’t willing to test the resolve of the Swiss National Bank. The SNB has put a “floor” in on this pair at the 1.20 level, and it...

By FX Empire.com The AUD/USD fell on Monday as the global “risk off” trade came back in full force. With lack of risk appetite, the pair was always doomed to fall. The bounce that we saw last week was certainly...

By FX Empire.com The USD/CAD bounced on Monday as the trading world started to shun risk assets globally. The oil markets were soft, and so were the equity markets. This sends risk assets down, and in this case – the...

By FX Empire.com NZD/USD fell on Monday as traders sold off risk-related assets around the world. The 0.8000 area has held as significant resistance and this action suggests that we may see a continuation of the previous down...