Author: Irit Rutenberg

By FXEmpire.com USD/JPY rallied during the Tuesday session, but failed in the end. The resulting daily candle is a shooting star, and as a general rule we would be very interested in selling this market. However, we see the 78...

By FXEmpire.com The GBP/USD fell during the session on Tuesday as the British pound got pummeled. In fact, we broke the bottom of the hammer from the Monday session that it of course signal selling positions. However, at the end...

By FXEmpire.com The EUR/GBP pair rose during the session on Tuesday as the Euro got bought against most currencies. However, this seems to be more “hopium” as the central bank meetings are set to adjourn over the...

By FXEmpire.com The EUR/JPY pair rose during the Tuesday session as the Euro got a little bit of a bid. However, it should be noted that we are still underneath the recent cluster of trading at the 96.50 level, and as such we...

By FXEmpire.com The AUD/USD pair rally during the session on Tuesday, only to turn around and all in the end. This formed a shooting star the 1.05 level, and this does of course look very bearish. It should be noted however,...

By FXEmpire.com The early morning release of the Chinese official PMI showed a declined to an 8-month low while the private HSBC PMI has improved slightly due to pro-growth measures. However, the PMI data from China reflects the...

By FXEmpire.com The USD/CAD pair rose during the session on Tuesday as it bounced from the parity level. We suggested yesterday that this could be the case, and it does in fact look like the level held as support. However, we...

By FXEmpire.com The NZD/USD pair attempted to rally during the Tuesday session, only to fall and form a shooting star. This of course is a very bearish signal considering that it happened at the 0.81 handle, and as such it looks...

By FXEmpire.com Silver markets tried to rally during the Tuesday session, but failed and fell back below the $28 level. This market simply looks like it is a bit on the “stuck” side and as a result we simply...

By FXEmpire.com The light sweet crude market fell during the session on Tuesday, and looks very vulnerable at this point. Just below, you will see some supportive action, but it must be said that we have started to wilt a little...