Author: Irit Rutenberg

By FXEmpire.com EUR/USD fell during the Thursday session as the rout of the Euro continued. The 1.2200 level has offered a bit of support, and as such we did see a bit of a hammer formed for the Thursday session. This more than...

By FXEmpire.com The EUR/JPY pair fell during the Thursday session, as the European woes continued. The pair has sliced through the 97 handle, and it does look set to retest the lows near the 95 handle. This pair is obviously...

By FXEmpire.com The EUR/GBP pair managed to bounce on Thursday as the hammer from the Wednesday session would have triggered buy orders. The market is oversold, so this bounce really isn’t anything that we would expect. It...

By FXEmpire.com AUD/USD fell during the session on Thursday, and in fact underperformed its cousin the Kiwi dollar. This suggests that perhaps any “risk off” trades in the currency markets should favor selling the...

By FXEmpire.com Analysis and Recommendation: The USD/JPY is range trading in the lower 79 yen range, where the pair has been bound all week. At this writing the USD/JPY is trading at 79.32 The USD remains strong, and risk...

By FXEmpire.com Analysis and Recommendation: The AUD/USD climbed a bit today, to trade at 1.0170, after the release of Chinese economic data, which in line with market expectations. (See chart below) China reported today that...

By FXEmpire.com Analysis and Recommendations: The EUR/JPY traded up this morning, even with the weakened euro. Japanese Industrial Production was reported at below estimates. Analysts had projected a decline of 3.1% but print...

By FXEmpire.com Analysis and Recommendation: The NZD/USD jumped 0.0021 in this morning’s session to trade at 0.7920. The pair had declined against a strong dollar and worries about the data release from China. This morning...

By FXEmpire.com Analysis and Recommendations: Natural Gas is trading at 2.833 slightly down as investors wait for today’s EIA injection report. Markets have been trading down, on negative global sentiment and global growth...

By FXEmpire.com Analysis and Recommendations: Gold prices are moderately lower today as the market place exhibits risk aversion on account of fears of weakening world economies. For this day, gold decided to adhere to most other...