Author: Irit Rutenberg

By FX Empire.com USD/JPY had a fairly quiet day again on Monday, with a slightly negative bias to it. The pair is still being held afloat in the 76 area, as traders simply haven’t been able to test the resolve of the Bank of...

By FX Empire.com GBP/USD had a strong day on Monday as traders bought risk around the globe. The cable popped back over the all-important 1.55 handle, and it looks like the area is going to be massively supportive at this point....

By FX Empire.com USD/CHF rose a bit during the Monday session, only to be repelled for the second time in three sessions. The 0.9000 level sits just below, and it looks like it wants to hold this pair up at this point. Since the...

By FX Empire.com EUR/CHF fell on Monday as traders sold the Euro off in general. However, in the later hours there was an announcement that a plan was in the works to shore up the European banks. This lead to a leg up in the...

By FX Empire.com AUD/USD fell hard on Monday, but managed a large bounce in the US session to form a hammer at the 0.97 support level. The level looks like it is going to produce a bounce, and this would not be unexpected in the...

By FX Empire.com USD/CAD rose back above the 1.03 handle on Monday, only to fall back below it later in the session. The rebound that the oil markets saw certainly played a part in this, and the pair looks like it needs to...

By FX Empire.com The GBP/USD showed advance, in the week ended July 22, for the second week as announcement of a second bailout for Greece and other measures to halt the debt contagion spread boosted demand on high-yielding...

By FX Empire.com EUR/USD had a whippy day on Friday as traders aren’t sure what the G-20 conference will produce over the weekend. Without a doubt, the debt crisis in at the fore front on the meeting, and any announcement will...

By FX Empire.com USD/JPY rose on Friday as traders continue the back and forth dance with the Bank of Japan at the 76 handle. The pair can’t be sold, as the area is certainly being watched and possibly protected by the BoJ at...