Author: Irit Rutenberg

By FXEmpire.com The USD/JPY pair had a negative week over the last five sessions, but received a bit of a boost on Friday as the “risk on rally” kicked off due to bailouts proposed in the European Union. We are...

By FXEmpire.com The GBP/USD pair rose during the week as the markets continue the volatile back-and-forth motion that we have seen over and over again. The 1.55 level has offered support in this market, and the 1.58 level looks...

By FXEmpire.com The EUR/GBP pair fell during much of the week, only to turn around and bounce back on Friday forming a hammer. The hammers bottom, it is at the 0.80 level, and it does look like the Euro is about to gain on the...

By FXEmpire.com The EUR/JPY pair had a wild week as it was initially very bearish, only to bounce back and form a massive hammer. This is the third hammer a row, and it does suggest that a bounce is coming in this market. The...

By FXEmpire.com AUD/USD had a strong week thanks to the surge we saw Friday based upon the good news out of the European Union summit. The commodity markets are rallying, with gold been especially strong. This of course fits in...

By FXEmpire.com The USD/CAD pair fell for the week, to test the 1.02 support level in the end. The oil markets had a massive day on Friday, and in turn so did the Canadian dollar. In fact the light sweet crude market gained...

By FXEmpire.com The NZD/USD pair managed to surge higher during the week and especially the Friday session as the European Union came up with an outline to steady Spanish banks and support Spanish and Italian bonds. With this...