Author: Irit Rutenberg

By FXEmpire.com The GBP/USD pair fell for much of the Tuesday session, only to bounce again and form a hammer at the 1.57 level. The area has been support previously, and the market should be support now. The hammer is indeed a...

By FXEmpire.com The EUR/GBP pair rose during the session on Tuesday as the market continues to bounce around in what appears to be the body of a bearish flag. The pair certainly will see support at the 0.80 level below, so...

By FXEmpire.com The EUR/JPY pair rose during the session on Tuesday as the 100 level continues to be the center of focus in this pair. The 38.2% Fibonacci level is just above, and it looks as if the area is going to be...

By FXEmpire.com The AUD/USD pair shot up on Tuesday as the “risk on” trade came back into play. The Aussie is often used as a proxy for global growth, and with the Federal Reserve meeting ending today; there is a...

By FXEmpire.com The USD/CAD pair fell on Tuesday as the 1.02 level gave way. The breaking of the bottom of Monday’s shooting star signaled to the markets that this pair is going to want to continue to fall. The 1.0150 area...

By FXEmpire.com The NZD/USD pair had a strong session on Tuesday as the “risk on” trade seems to have come back into play. The Federal Reserve has a meeting ending today, and there is a lot of speculation that the...

By FXEmpire.com USD/JPY Fundamental Analysis June 21, 2012, Forecast Analysis and Recommendation: The USD/JPY is holding at 78.85 as investors moved a bit to risk on trading, in front of the FOMC statements due later today....

By FXEmpire.com The silver markets continued to be very quiet on Tuesday as the market seems to be waiting for the Federal Reserve announcement. The Fed is suspected of easing by many traders out there, and as a result the...

By FXEmpire.com Analysis and Recommendation: The AUD/USD is trading at 1.0184 in a very quiet trading session. Global markets should be calm today, awaiting the FOMC statement from Chairman Bernanke, later today. The FOMC is...

By FXEmpire.com The Light Sweet Crude markets were again fairly quiet on Tuesday as the markets hold above the $80 support area. The $85 level has kept a lid on markets for a while as well, but the real resistance is at the $90...