Author: Irit Rutenberg

By FXEmpire.com Analysis and Recommendation: The NZD/USD fell versus the Australian dollar after the nation’s biggest trading partner posted first-quarter gross domestic product that grew more than twice the pace...

By FXEmpire.com Analysis and Recommendation: The USD/JPY is trading at 78.81 The yen’s strength and falling stock prices pose a risk to the Japanese economy, Finance Minister Jun Azumi told his G7 partners on Tuesday,...

By FXEmpire.com The USD/CAD pair attempted to rally on Tuesday, but in the end failed. In fact, it formed a shooting star at the end of the day, and this could be a signal that further weakness is coming. The pair is well bid...

By FXEmpire.com The NZD/USD pair managed a bit of a bounce for the session on Tuesday after falling towards the 0.75 support level again. The recent action has been very consolidative, but this candle formed a hammer, and this...

By FXEmpire.com The silver markets continued to do very little during the Tuesday session as the consolidation between $27 and $29 holds true. The inability to break out above the $29 level shouldn’t be a big surprise at...

By FXEmpire.com Analysis and Recommendation: The AUD/USD soared in today’s session. Yesterday the RBA cut its key lending rate by 25bps, which met market expectations. The pair at that time gathered some strength even...

By FXEmpire.com The Light Sweet Crude markets continued to grind sideways in the $84 level. The hammer from Friday suggests that we are trying to find a support area from which to bounce at the moment, and the recent action has...

By FXEmpire.com The natural gas markets had a fairly productive session on Tuesday as the daily candle ended up being a hammer. The $2.50 level looks as if it is a stand being made by the bulls in this market. However, overall...

By FXEmpire.com The gold markets continue to sit in a fairly tight range as the Tuesday session decided very little. The move on last Friday saw the bulls come out in full force, and as a result it looks as if the market is...

By FXEmpire.com Asian stocks gained on Wednesday, as the Australian economy grew at a faster pace in the first quarter but, the gains are being capped ahead of Spanish bank worries and the ECB interest rate meet. The SGX Nifty...