Author: Irit Rutenberg

By FX Empire.com The GBP/USD pair fell hard at the open on Monday, but managed a significant bounce back in the US session. This shows that there is continued support for the Pound, even as it keeps making new lows. The tone of...

By FX Empire.com USD/CHF rose after gapping on the open Monday, but retraced a lot of that move as the markets settled down in the US afternoon. This pair is being supported by the Swiss National Bank, so selling isn’t really...

By FX Empire.com The EUR/CHF pair is simply dead these days. In fact, the Swiss National Bank has made sure of that. The SNB’s line in the sand of 1.20 continues to hold, and it should for the foreseeable future. Understanding...

By FX Empire.com AUD/USD fell hard on Monday, and unlike the rest of the “risk currencies”, it didn’t bounce that much at the end of the session, or at least a lot less than these types of currencies. With that being stated, we...

By FX Empire.com The USD/CAD pair shot straight up on Monday as traders continue to push it around in the consolidation box it has been stuck in for over a month. The pair looks like it is simply trying to make up its mind about...

By FX Empire.com NZD/USD fell on Monday, but bounced later to form a hammer just above the 0.82 level. This looks bullish for the Kiwi, and we suspect there will be another push to reach 0.84 in the near term. The currency is...

By FX Empire.com Light Sweet Crude The CL contract pulled back during the Monday session, but managed a slight rally at the dying hours of trading. The market had massive volume during the day, and the resulting hammer looks...

By FX Empire.com The natural gas markets gapped lower, and then rose during the Monday session. However, the market is still sub-3.85, and we feel that this breakdown will more than likely continue as the level has been steady...

By FX Empire.com The EUR/USD fell on Friday, and more importantly failed to close above the previous support area that kept this pair afloat. Now it seems that “what was once support is now resistance” and as a classic technical...

By FX Empire.com USD/JPY managed a slightly positive day on Friday as traders continue to respect the 76 handle as support in this pair. There are even rumors of the Bank of Japan intervening in the markets clandestinely at this...