Author: Irit Rutenberg

By FX Empire.com GBP/USD fell gain on Tuesday, and is testing the lows of the massive consolidation area between 1.5750 and 1.65 again. This is a bearish sign for the pair, and the fact that yesterday’s candle was broken through...

By FX Empire.com The USD/CHF pair continues to drift around the 0.88 handle as traders have abandoned shorting the Swiss Franc. The USD had a fairly poor day on Tuesday, and as a result, this pair didn’t move again. In a...

By FX Empire.com EUR/CHF continues to sit still just above the Swiss National Bank’s mandated price of 1.20 on Tuesday. This pair is going to be dead money unless there is a sudden interest in owning the Euro, which is unlikely...

By FX Empire.com The AUD/USD pair had a whipsaw kind of day on Tuesday as traders simply didn’t know which direction to trade most of the world’s markets. The pair is a proxy for risk, so this isn’t a surprise. The pair...

By FX Empire.com USD/CAD continues to meander in a 200 pip range as it falls on Tuesday. The pair looks like it is waiting for something big to happen, and we believe that is a bull move in the oil markets. As the Light Sweet...

By FX Empire.com Light Sweet Crude The CL contract fell at first on Tuesday, but regained that loss and more a traders stepped into the market and offered support yet again in the Light Sweet Crude market. The $90 mark was...

By FX Empire.com Unlike its antipodean counterpart, the NZD rose against the USD in a fairly consistent manner on Tuesday. The pair has bounced from the 0.81 support zone, and it looks like it might try to run towards the 0.84...

By FX Empire.com Natural gas markets got the bounce that we expected on Tuesday, and we have started to run back up to the $4.10 area. We will not buy here, as the resistance looks to be very strong. The market is decidedly...

By FX Empire.com The EUR/USD pair had a wild day on Monday as it was both wildly bearish and wildly bullish in the same session. The pair had gapped down at the open for the week, but managed to fill that gap by the US morning....

By FX Empire.com The USD/JPY pair fell through the floor on Monday and even managed to break below the 77 handle at one point. However, the support that we have seen several times over at that area reemerged and took control....