Author: Irit Rutenberg

By FX Empire.com EUR/USD was the focus of the world’s attention on Friday as the EU summit was coming to a close. The market was waiting to see what could come out of Brussels, and the result was enough to calm nerves in...

By FX Empire.com USD/JPY fell during the Friday session as the Dollar got sold off. This pair is decidedly bearish, and the downside pressure seems to be continuing. The Bank of Japan intervenes every once in a while, but the...

By FX Empire.com GBP/USD had originally gained on Friday, only to fall again from the 1.57 resistance area. The resulting candle is a shooting star, and the pair simply looks too weak to overcome this area. The market is...

By FX Empire.com EUR/GBP had another back and forth session on Friday as traders continue to mull over the situation in Europe. The summit produced a reasonably accepted solution, but not a final one. The lack of fiscal union...

By FX Empire.com USD/CHF had another tight range for the Friday session as the market ended up down slightly. The Swiss National Bank has put a floor in the EUR/CHF pair at 1.20, and announced that it is willing to fight strong...

By FX Empire.com EUR/CHF rose slightly over the course of the day as the markets originally got long of the Franc, but the bounce late in the session saw this pair make a hammer for the session once again. The pair looks to sit...

By FX Empire.com AUD/USD had originally fallen on Friday, only to bounce again and form a hammer in a very supportive manner just above the obvious parity support level. The recent consolidation has focused on the 1.03 level,...

By FX Empire.com USD/CAD had another tight day on Friday as the market ended up down slightly. The pair will follow the oil markets over time, and with those markets currently range bound, it makes sense that the Canadian dollar...

By FX Empire.com The EUR/USD pair has been a focus of the markets for some time now. With the various debt issues in that region, it makes total sense. The headlines have been pushing the markets around lately, and many traders...

By FX Empire.com The USD/JPY pair continues to grind lower as the bears step in every time it rallies. The Bank of Japan is the only reason the market isn’t sitting below the 75 handle at this point. Once the price gets...