Author: Irit Rutenberg

By FX Empire.com USD/CHF fell a bit on Thursday as traders sold off the USD in Asia and Europe. However, during the US session we saw USD strength, and this gave the pair a little bit of a lift. The CHF is no longer a safe haven...

By FX Empire.com USD/CAD rose above the highs placed on Monday to give another buy signal during the Thursday session. The resulting candle was a hammer at the top of a bullish run. This can be either supportive, or a “hanging...

By FX Empire.com NZD/USD had a large range on Thursday, eventually ending up down just slightly. However, it should be noted that it was the bullishness that gave way overall, and that we are approaching the bottom of the Monday...

By FX Empire.com GBP/USD rose on Thursday, but fell towards the later hours of the session. The result was a shooting star candle for the third day in a row. This shows just how hard it is to rally this pair for any significant...

By FX Empire.com EUR/USD rose again on Thursday, but as it has in the two previous sessions – gave up half of its gains. The pair looks weak at best, and the situation in the EU continues to be a drag on it. Even with the...

By FX Empire.com AUD/USD had a wild day as it soared initially, only to fall hard in the US session on Thursday. The pair then rebounded nicely at the close, and ended the day forming a shooting star-like candle. The bottom of...

By FX Empire.com Light Sweet Crude CL fell on Wednesday as traders reacted to the $85 resistance area that we suggested could cause trouble. The global fears of a slowdown continue to haunt the markets, and as such – this market...

By FX Empire.com In a classic technical move, the natural gas markets fell on Wednesday as the shooting star we pointed out from the day before was broken to the downside. This should signal continued bearishness in this market,...

By FX Empire.com The gold markets have been relentless in their unwinding lately, and Wednesday was no different. The market has the distinct issue of being a mainly profitable one, and as such, firms are selling off their...

By FX Empire.com USD/JPY continued to bounce around in the 100-pip range we have been watching on Wednesday. The pair is being watched by the Bank of Japan, and it should be obvious and well-known by now that they are willing to...