Author: Irit Rutenberg

By FXEmpire.com USD/JPY fell on Thursday session, but recouped much of its losses. The resulting candle was a hammer, and it does look like we are starting to see some significant support at the 79.50 level. Below this area the...

By FXEmpire.com The USD/CAD currency pair rose dramatically during the Thursday session as the dollar gained in general. The breaking of the 1.03 level was significant, and although we did pare the gains a bit towards the end of...

By FXEmpire.com NZD/USD ended up negative for the session on Thursday, but just barely so. The pair had a fairly volatile session as it was first positive, but then fell drastically the end of negative. In the end, it...

By FXEmpire.com GBP/USD fell during the session on Thursday as risk was drained out of the markets. 1.55 is an obvious support level, and it appears that the cluster has held for now. Going forward, a supportive candle in this...

By FXEmpire.com The EUR/USD pair fell during the Thursday session, but found a bid again late in the day as traders weren’t ready to take on a lot of risk in one direction or another before the EU meetings. Because of...

By FXEmpire.com Being a long time currency and “commodities” trader, I long forgot my roots, when I was busy looking at orange juice futures and pork bellies. There was corn and wheat, and cattle, of course there...

By FXEmpire.com The EUR/JPY pair fell during the Thursday session as the concerns in Europe continued. However, by the end of the session we saw a hammer forms and it looks as if we are staying within the consolidation area...

By FXEmpire.com EUR/GBP rose during the session as speculation of a European fix came into play. However, we are approaching the bottom of the bearish flag that broke down, and we should see resistance just above. We suspect...

By FXEmpire.com The AUD/USD pair fell for most of the session after an initial spike. The candle from Thursday looks a bit like a long legged doji and suggests that there is a bit of confusion in the markets. Obviously, the...

By FXEmpire.com At the start of the European session yesterday the German Ifo institute downwardly revised its growth projections for Germany. The German labor market data were slightly weaker than expected, too. At the same...