Author: Irit Rutenberg

By FXEmpire.com In an announcement greatly anticipated by the markets, the Bank of England today cut its forecast for growth and inflation for the balance of the year. The Bank of England reported in its quarterly inflation...

By FXEmpire.com The EUR/USD pair tried to rally during the session on Tuesday, but only formed a shooting star suggesting that the buyers simply aren’t stepping in at this point in time. This makes sense, the European...

By FXEmpire.com The USD/JPY pair rose during the session on Tuesday, to show real strength off of the 78 handle yet again. It is below the 78 handle that we find the Bank of Japan, and more importantly any hopes of intervention...

By FXEmpire.com GBP/USD rose during the session on Tuesday as the bullish traders attempted to push the pair above the 1.57 level. The area has held as resistance yet again, but we should recognize the fact that the lows are...

By FXEmpire.com The EUR/GBP pair fell during the session on Tuesday, as the resistance held in the 0.7950 level. The market is being tested by the first serious sign the resistance, it does look like it’s failing. Because...

By FXEmpire.com The EUR/JPY pair rose during the session on Tuesday, but finds the 97.50 area as resistive. Compounding this is the fact that we have a nice down trending line that the pair is currently smacking into. The trend...

By FXEmpire.com The AUD/USD pair managed to fall during the session on Tuesday, after initially surging higher. This shooting star shaped candle is a bit of a signal that perhaps a pullback should be coming. Granted, the fact...

By FXEmpire.com Analysis and Recommendation: The USD/JPY continues to strengthen as Japans political scene reaches turmoil. Prime Minister Noda’s government may face a No Confidence vote. The opposition party, the LDP...

By FXEmpire.com The USD/CAD pair broke down during the session on Tuesday in order to finally get below the parity level. We are starting a get into the “meat” of the support below parity, but we think that this move...