By FXEmpire.com The USD/JPY currency pair had a bearish session on Monday as the “risk off” trade came into play. This would have been set off by the poor retail sales number coming out United States, and as such the...
Read MoreBy FXEmpire.com The GBP/USD pair initially fell during the Monday session, only to bounce back and form a bit of a hammer on top of the massive green candle from Friday. This looks as if the 1.56 level will offer support at this...
Read MoreBy FXEmpire.com EUR/GBP fell during the session on Monday as the Euro continued to suffer in the open markets. Looking at this pair, the bounce that we saw late in the session formed a hammer and we believe that a continuation...
Read MoreBy FXEmpire.com The EUR/JPY pair fell during the session on Monday, but did bounce back in order to form a hammer just above the 96 handles. This is close to the monstrous hammer that we see back in late may, and it does in fact...
Read MoreBy FXEmpire.com The AUD/USD initially fell during the session on Tuesday, only to bounce to form a hammer off of the Friday bullishness. Looking at the Australian dollar as a proxy for global risk, it appears that traders...
Read MoreBy FXEmpire.com The USD/CAD pair tried to rally during the session on Monday, only to turn around and form a shooting star at the all-important 1.0150 level. The currency pair and the oil markets are both in harmony as the light...
Read MoreBy FXEmpire.com The NZD/USD pair initially fell during the Monday session, but bounce off of the Friday highs in order to form a hammer for the session. Unfortunately, the hammer sits just under the 0.80 level which of course is...
Read MoreBy FXEmpire.com The silver markets had very little to say during the Monday session as the $27 level acted as a form of short-term support. The market still looks like it’s stuck between the $26 dollar and $30 levels....
Read MoreBy FXEmpire.com The light sweet crude market had a bullish session on Monday, as the market retested the recent highs. The $90 level still looks to be rather resistive, but it does appear that the market is dead set on...
Read MoreBy FXEmpire.com Natural gas markets fell during the Monday session, to continue the consolidation that we have seen over the last couple weeks. Currently, the market seems to be stuck between the $2.70 level, and the $3.10...
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