Author: Irit Rutenberg

By FXEmpire.com The GBP/USD pair rose on Wednesday as traders dumped the USD and bought the GBP, obtensively based upon the higher than expected inflation numbers out of the UK on Monday. This signals that the Bank of England...

By FXEmpire.com The USD/CHF had a consolidation day on Wednesday as traders are digesting the move by the Swiss National Bank to devalue the Franc. There was talk about a currency peg, but the SNB failed to go that far. Because...

By FXEmpire.com EUR/CHF had a wild day on Wednesday as the Swiss National Bank announced a series of ideas to keep the Franc down against the Euro. However, a lot of traders expected a peg, so this was actually very bearish for...

By FXEmpire.com The AUD/USD pair rose above the 1.05 level, and managed to hold above that level on Wednesday. The pair now looks set to try and reach the 1.0750 level as the gold market is strong, and the USD is weak in...

By FXEmpire.com The USD/CAD pair fell below the all-important 0.98 level on Wednesday, only to bounce back up and above it. The resulting candle looks a lot like a hammer and as such, we think this pair could consolidate in the...

By FXEmpire.com The NZD/USD pair rose on Wednesday, but managed to fall slightly at the end of the session. The pair is decidedly bullish, and it appears we could be building a bit of a base between 0.80 and 0.83 from which to...

By FXEmpire.com The USD/JPY pair continues to sit in a stagnant fashion as the psychological game between the trading world and the Bank of Japan continues. The threat of intervention by the BoJ continues to keep this pair from...

By FXEmpire.com The GBP/USD pair continued to climb on Tuesday as traders were pleasantly surprised by a slightly higher than expected inflation report out of the UK this week. The pair still is stuck between the 1.65 and 1.60...

By FXEmpire.com The USD/CHF pair had a bullish day on Tuesday as session saw a retest of the bullishness on Monday. The Swiss National Bank is set to make an announcement on Wednesday as to their intentions to devalue the Franc....