Author: Irit Rutenberg

By FX Empire.com USD/JPY rose during the session on Friday as the market continues to tread water at the 76.50 level. The pair continues to move sideways in a fairly tight range. The 76.50 level looks as if it is the bottom of a...

By FX Empire.com GBP/USD fell hard for the session after first rising on Friday. However, the pair did finish slightly lower to form a doji after all was said and done. The indecisions is in concert with a massive support are at...

By FX Empire.com EUR/GBP fell on Friday as rumors of a French downgrade by S&P made their rounds. The pair saw the Euro fall, and completely reverse the move from Thursday. The pair is sitting just above the 0.82 level, and...

By FX Empire.com USD/CHF rose for the Friday session as traders reacted to rumors around the markets that the French were about to lose their AAA bond rating by S&P. The move happened, and as a result the European...

By FX Empire.com EUR/CHF fell hard on Friday as the pressure continues against the Euro as a whole. The EU saw nine countries get downgraded in the waning hours of trading, so the reaction isn’t necessarily baked into the...

By FX Empire.com AUD/USD fell originally for the session on Friday, but managed a bounce later to form a hammer. The candle is sitting just below the vital 1.04 resistance line, an area that has contained the market for quite...

By FX Empire.com USD/CAD rose during the session on Friday as the triangle that contains this market continues to work. The candle for the day looks reasonably strong, but until we get a breakout to the upside of the triangle,...

By FX Empire.com The NZD/USD pair originally fell for the Friday session, but managed a nice bounce to form a hammer. The candle appears that the very top of a range, and just under the 0.80 resistance level. The pair certainly...

By FX Empire.com Late of Friday, the EU had several countries downgraded by S&P, and as a result not all of the market reaction is in the chart. In fact, only a handful of banks were online when this was being announced....

By FX Empire.com USD/JPY had an extremely quiet week over the last 5 days. The pair has barely moved at this point, and the 76.50 level is turning out to be massive support. The Bank of Japan continues to watch this pair, and...