Author: Irit Rutenberg

By FX Empire.com GBP/USD fell for the week as the 1.53 level was punctured for the second time. We have been talking about this level as being absolutely vital for weeks here at FXEmpire and the fact that it held was impressive,...

By FX Empire.com Late on 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/CHF fell for the week as traders sold the Dollar in general during most of the week. The end of the week saw a reverse though, and this ended the session in a hammer. The hammer formed for the week is...

By FX Empire.com With the downgrade of nine European countries on Friday, there is continued pressure on the Euro as a whole. However, this move wasn’t confirmed by S&P until late in the US session, and as a result...

By FX Empire.com AUD/USD rose for the week as the Aussie continues to perform quite strongly in a tough environment. The gold markets look ready to breakout, and as a result – the currency markets love the Aussie dollar....

By FX Empire.com USD/CAD fell for the week, but bounced quite nicely form the lows. The resulting candle is a hammer for the second week in a row, and this suggests supportive price action. The triangle that has formed continues...

By FX Empire.com NZD/USD rose during the week as traders continue to support the Kiwi. The 0.80 level is just above, and is considered to be a vital area. The level certainly looks resistive, and it will have to be cleared in...

By FX Empire.com Economic Event Jan 16 08:15 SwitzerlandProducer and Import Prices (MoM) (Dec) -0.6% -0.8% 1 08:15 SwitzerlandProducer and Import Prices (YoY) (Dec) -2.4% 1 Jan 18 10:00 SwitzerlandZEW Survey – Expectations...

By FX Empire.com Economic Events Jan 16 08:15 SwitzerlandProducer and Import Prices (MoM) (Dec) -0.6% -0.8% 1 08:15 SwitzerlandProducer and Import Prices (YoY) (Dec) -2.4% 1 Jan 18 10:00 SwitzerlandZEW Survey –...

By FX Empire.com Economic Events: Jan 16 00:01 United Kingdom Rightmove House Price Index (MoM) (Jan) -2.7% 1 00:01 United Kingdom Rightmove House Price Index (YoY) (Jan) 1.5% 2 07:00 Germany Wholesale Price Index (MoM) (Dec)...