Author: Irit Rutenberg

By FXEmpire.com The EUR/JPY pair fell during the Wednesday session as it reacted to the meeting of a trend line, 50% Fibonacci level, and the 50 day exponential moving average from the Tuesday close. The move lower wasn’t...

By FXEmpire.com Gold prices are holding around the $1610 level and seem to be range bound between $1600-1620, this morning showing a little strength after the Bank of Japan rate decision. While the BOJ kept interest rate...

By FXEmpire.com The AUD/USD pair managed to bounce during the Wednesday session, even with an employment number coming out this morning. Normally markets will be risk averse in these situations, but the belief that the Federal...

By FXEmpire.com USD/CAD fell during the session on Wednesday as the parity level has all but given up at this point. The move continues to extend itself, and we’re now well below the bottom of the downtrend channel...

By FXEmpire.com The NZD/USD pair managed to bounce back after initially falling during the Wednesday session in order to form a hammer. This hammer was predicated on the 0.81 level, and looks as if we are getting ready to move...

By FXEmpire.com Silver markets did very little during the Wednesday session as financial markets around the world were quiet in general. With the summer doldrums coming, it appears that the trading ranges will hold for the next...

By FXEmpire.com The light sweet crude market had a slightly bullish day for most of the session, but gave back gains as it approached the $95 handle. This level was an area that we suggested could offer some type or resistance,...

By FXEmpire.com Natural gas traded in a quiet session albeit a negative one on Wednesday. The market seems to be struggling with the $3 handle, just as we had anticipated. However, it must be said that we did see a nice surge...

By FXEmpire.com Gold markets barely moved during the Wednesday session, as we remain mired within the consolidation area that has dominated this market since the beginning of summer. The $1640 level above is the top of this...

By FXEmpire.com Analysis and Recommendation: The USD/JPY is trading at 78.37 on the back of the weakened USD. As risk aversion leaves the markets and speculators move to more risk assets, the USD is declining. Combined with the...