Author: Irit Rutenberg

By FX Empire.com The gold markets rose over $50 yet again on Thursday as traders bought the metal in the $1,800 support zone. The market is bullish overall, but the recent action has been painfully choppy. The weakening...

By FX Empire.com The USD/JPY pair fell a bit on Thursday, but managed to bounce off of the 77 level for the second day in a row. It appears that there is someone or something below offering support for this pair, and it looks as...

By FX Empire.com The USD/CHF pair continues to rise in value as the Swiss have made is absolutely certain that they are willing to print as many Francs as it takes to reverse the strength of the currency. The world is nervous,...

By FX Empire.com The USD/CAD pair rose on Thursday again, but still remains in the consolidation area that we have been stuck in for a few weeks now. The pair is held hostage by the oil markets, which naturally pullback in this...

By FX Empire.com The NZD/USD pair rose, and then fell on Thursday as traders begin to ask even more questions about the global economy. The pair is extremely risk-sensitive, and will fall as more and more fear enters the...

By FX Empire.com The EUR/USD pair fell hard on Thursday as ECB Chairman Trichet did his best to talk down expectations in the EU. The pair is now significantly below the 1.40 mark, and as such looks very, very weak. However,...

By FX Empire.com EUR/CHF rose again on Thursday, but lagged the USD/CHF pair. The EUR/CHF almost always moves in lockstep with the USD/CHF, and the fact it didn’t shows how weak the Euro really is at the moment. The market...

The U.S. dollar fell slightly against the franc as a correctional movement for Tuesday’s sharp drop which followed the SNB latest intervention through setting a ceiling target for the franc against the euro. On Monday, the...

By FX Empire.com The EUR/USD found support at the 1.40 area on Wednesday as the German high courts ruled that it was in fact legal for the German government to help bailout the Greek government. However, the ruling also stated...