Author: Irit Rutenberg

By FX Empire.com EUR/CHF rose again on Wednesday as traders continue to buy the Euro over the last 48 hours in the hope that a coordinated action could help with the banking issues in that area. The Swiss National Bank is...

By FX Empire.com AUD/USD rose on Wednesday as traders piled into the “risk on” trade. The rumors out of the EU suggest that the various countries may be working on a coordinated effort to recapitalize the banks, and that it...

By FX Empire.com USD/CAD broke below the shooting star that we discussed yesterday on Wednesday. As a result, a “perfect” sell signal was triggered. We understand that the 1.0650 area is a massive monthly resistance area, so...

By FX Empire.com NZD/USD rose on Wednesday as the commodity markets bounced a bit. The Kiwi dollar is highly sensitive to the global risk profile, and as a result – we don’t like buying it at this point. Yes, it is true the...

By FX Empire.com Light Sweet Crude The CL contract shot straight up, and even gained as much as 5% on Wednesday as inventory numbers showed a much more significant drawdown than expected. The market still remains under the $80...

By FX Empire.com Natural Gas markets continued to fall on Wednesday, and even made a new low. The move should have attracted more sellers, and this market still looks very bearish at this point. We are sellers, and have been for...

On Monday, the pair showed decline as tensions in markets that Greece might default on its debt obligations endorsed demand on refuges. Greece announced on the weekend that it will not be able to meet its budget deficit target...

By FX Empire.com EUR/USD continued to fall on Monday as traders worry about the Greek situation. The pair has been whacked lately as the markets continue to buy the USD against most other currencies, and as the Euro is the...

By FX Empire.com In the world of Forex, the Japanese Yen is probably one of the “safest” currencies out there to buy. On Monday, we have seen another round of Yen buying as traders are selling off any type of risk they can. With...

By FX Empire.com The GBP/USD fell on Monday as the Dollar continued to gain against all other currencies. The cable is particularly sensitive to the problems in the EU as so much of the UK’s economy is based in the financial...