Author: Irit Rutenberg

By FXEmpire.com The EUR/USD pair rose rapidly on Friday as the European Union meeting announced that the leaders had come up with a “solution” to funding Spanish banks. The ECB looks likely to cut rates this coming...

By FXEmpire.com The USD/JPY pair got a boost from the positive headlines out of Europe on Friday as traders sold the Yen in general. The USD/JPY pair is essentially a fight between the two central banks, and as the Japanese are...

By FXEmpire.com GBP/USD rose during the session as the “risk on” trade came back into play. The trading community reached for anything risk related, and this had a lot of the higher beta pairs gaining, this one...

By FXEmpire.com The EUR/GBP pair spiked during the session on Friday as the EU meeting came together for an agreement to support the Italian and Spanish bonds as well as banks. The spike caught a lot of traders off guard, and...

By FXEmpire.com The EUR/JPY pair shot straight up on Friday as the announcement out of the European Union meeting got everyone giddy. The move stopped right at the 101 level, and as a result it looks like we are simply at the...

By FXEmpire.com The AUD/USD pair absolutely exploded during the Friday session as the word got out that the European Union came up with a possible workaround for the Spanish and Italian bond markets. The ability to “kick...

By FXEmpire.com The USD/CAD pair fell hard during the Friday session as the oil markets absolutely spiked in reaction to the European Union meeting and its announcement. The Canadian dollar has been following the oil markets...

By FXEmpire.com The NZD/USD pair saw a large surge higher during the Friday session as the EU meeting produced a potential bond bailout plan for the Spanish and Italians. This had the market buying a lot of risk assets, and...

By FXEmpire.com The EUR/USD pair was once again the epicenter of the Forex markets this previous week, as the European Union had its two-day meeting on Thursday and Friday. The women area announces coming out late Thursday gave...