Author: Irit Rutenberg

By FX Empire.com The USD/JPY pair spiked lower on Friday and even managed to peak below the 76 handle. The area has been massive support, and as such – repelled the surge eventually. However, this was a serious test of the...

By FX Empire.com In a surprising show of strength, the GBP/USD pair broke above the resistance area at 1.58 on Friday. The level had been keeping the market down, and as such the market popped after it gave way. However, the...

By FX Empire.com USD/CHF fell again on Friday as investors sold off the Dollar against everything in response to the anticipation of the EU bailout meetings over the weekend. The idea of the meeting producing something major...

By FX Empire.com The EUR/CHF pair fell on the session for Friday as the market rallied in several other “risk” pairs. This was odd, as the Euro exploded against so many of the other currencies. With this in mind, the...

By FX Empire.com AUD/USD rose during the Friday session as the world awaits the results of the EU meetings over the weekend. The Aussie is a barometer of global risk, and it fared quite well as a result of the market getting...

By FX Empire.com USD/CAD fell on Friday and tested the parity support level in the process. The daily close is looking weak, but the level has held up. The market will be highly correlated to the oil markets, and they look ripe...

By FX Empire.com NZD/USD had a bullish day on Friday as traders continued to get excited about a possible EU rescue package over the weekend. However, the recent consolidation area wasn’t broken, and the real risks are for...

By FX Empire.com EUR/USD rose again this past week as traders continue to anticipate the EU coming to some kind of solution in the debt crisis. The pair looks strong at this point, but the 1.40 level should present serious...

By FX Empire.com The USD/JPY pair spiked lower on Friday and even broke through the 76 level as the Dollar really got punished towards the end of the session. The move was a bit of a surprise, and should catch the attention of...

By FX Empire.com In a surprising show of strength, the GBP/USD pair smashed through the 1.58 level on Friday, and even ran up to the 1.5950 level, which is the beginning of a massive resistance level which is centered around the...