Author: Irit Rutenberg

USD/CAD continued to fall on Thursday as traders are willing to take on a bit more risk over the last several sessions. The pair is highly correlated to the oil markets, and the announcement of a larger than expected drawdown on...

NZD/USD rallied on Thursday as the markets are finally starting to calm down after the massive bearish move we have seen over the last couple of weeks. The pair is highly sensitive to global markets and the risk profile at the...

GBP/USD fell on Thursday as the Bank of England announced it was expanding its bond buying program, which of course is a form of quantitative easing. However, the pair found its footing late in the session and formed a hammer at...

EUR/USD rose on Thursday, showing a continued “risk on” attitude over the last few days. The ECB didn’t do much for the session, even though there was the much anticipated last meeting of Jean-Claude Trichet. The market...

EUR/CHF rose on Thursday as the “risk on” trade continued to pick up a little steam. It should be noted however that the day candle formed a shooting star. The belief that all is well in the EU is probably a little far-fetched,...

AUD/USD continued to rise on Thursday as the global markets continue the “risk on” move that they have been in over the last few days. The charts do suggest that we may still be a bit oversold, and this move up is more than...

By FX Empire.com EUR/USD continued to bounce slightly on Wednesday as traders are willing to take a bit more risk at this point. The behind the scenes situation in the EU suggests that there is some kind of coordinated action to...

By FX Empire.com USD/JPY continues to bounce around in a very tight range as traders can only scalp it at this point. Wednesday was no different, and we still continue to think that buying this pair at the 76 handle is the way...

By FX Empire.com GBP/USD had a fairly quiet day on Wednesday as traders continue to bounce around the current level, just under the 1.55 mark. The pair is most certainly bearish at this point, and it is probably oversold as...

By FX Empire.com USD/CHF rose on Wednesday as traders continue to sell off the Franc. With the Swiss National Bank willing to sell it as well – this makes sense. Also, in times of concern, the Franc can no longer be thought of...