Author: Irit Rutenberg

By FXEmpire.com The USD/JPY pair had a fabulous day as the market shot straight up and past the 80 handle. However, there end of the resistance isn’t until we get over the 80.50 level, and we are just shy of that now....

By FXEmpire.com The USD/CAD pair absolutely skyrocketed during the Thursday session as the “risk off” trade came back into play. The oil markets fell during the session, and the CAD got punished as a result. The...

By FXEmpire.com NZD/USD fell hard on Thursday as the global fears came back into focus. With weak German and Chinese numbers preceding the US weak numbers, there was no real chance of a bullish market in the risk assets, and as...

By FXEmpire.com Analysis and Recommendation: The USD/JPY saw the pair back above the 80 point in today’s trading as the pair stand at 80.41 at present. After lackluster numbers from China, Europe and the US, risk aversion...

By FXEmpire.com The GBP/USD pair broke down for the session on Thursday as the concerns in global economies continue. There are several British banks on the radar screens of the credit agencies now, and as a result we like...

By FXEmpire.com Analysis and Recommendation: The AUD/USD is moving close to parity, trading at 1.0016, after the US Fed downgraded growth forecasts and on surging risk aversion moves to the USD. Yesterday the HSBC Purchasing...

By FXEmpire.com The EUR/USD pair fell hard on Thursday as the markets worried about immanent downgrades of the world’s largest banks by Moody’s, and weak economic numbers from both China and Germany. The situation in...

By FXEmpire.com Analysis and Recommendation The NZD/USD is trading at 0.7884 after fears of a global slowdown hit the kiwi hard. The kiwi had been climbing on local positive eco data and growth numbers but made an about turn...

By FXEmpire.com The EUR/JPY pair attempted to rally during the Thursday session, but fell back down to form a shooting star. More interestingly, the candle formed is a shooting star just above the 100 level. Because of this, we...

By FXEmpire.com The EUR/GBP pair fell for the session as the bearish pressure on the Euro continues. The risk off trade is certainly back in play, and the Euro is a major epicenter of it. The Dollar continues to gain, and as...