Author: Irit Rutenberg

By FXEmpire.com Outlook and Recommendation The USD/JPY closed May at 78.55, the pair traded in a fairly tight range throughout the month as shown below: Reacting to a rise in risk aversion, flows into yen have been strong,...

By FXEmpire.com Outlook and Recommendation – The AUD/USD closed the month at 0.9720. The chart below shows the trading range for May. The Australian dollar (AUD) suffered an almost 7% loss in May as risk aversion jumped...

By FXEmpire.com Outlook and Recommendation – Crude Oil tracked lower at the end of May, closing the month at 86.57 This week’s petroleum supply data from the U.S. Energy Information Administration, which include...

By FXEmpire.com Outlook and Recommendation The EUR/CHF continues in its own private battle against the SNB floor. The pair ended the month at 1.2011. The Swiss franc (CHF) lost almost 7% against the USD in May, as the weight of...

By FXEmpire.com Outlook and Recommendation The EUR/GBP ended May at 0.8029. The euro is weak but so is the pound, coming off of comments from the IMF pushing the BoE to act quickly to support the ailing economy. Last...

By FXEmpire.com Outlook and Recommendation The EUR/USD closed the month at a recent low, trading at 1.2363, risk aversion continues to drive the markets at the end of the month and as shown on the chart below, the euro is...

By FXEmpire.com Outlook and Recommendation The GBP/USD is falling, having broken the 1.62 level this month. The pair is now trading at the end of May at 1.5397 Sterling lost 5% in May on the back of a jump higher in risk...

By FXEmpire.com Outlook and Recommendation Gold closed the month at 1562.25 an ounce as expectations of an Irish vote in favor of Europe’s fiscal pact lifted the euro, but this month’s sharp drop in the single...