USD/JPY Forecast September 12, 2013, Technical Analysis

by FX Empire | September 12, 2013 3:12 am
The USD/JPY pair fell during the session on Wednesday, in a generally dollar negative tone. However, we are still well within the vicinity that we have seen recently act as a magnet for price, and as a...

USD/CAD Forecast September 12, 2013, Technical Analysis

by FX Empire | September 12, 2013 3:12 am
The USD/CAD pair fell during the session on Wednesday as you can see, but remains above the 1.03 level. It is because of this that we aren’t quite ready to start selling yet, and as a result...

GBP/USD Forecast September 12, 2013, Technical Analysis

by FX Empire | September 12, 2013 3:11 am
The GBP/USD pair broke out above the 1.5750 level on Wednesday, an area that we suspected was going to be very resistive. With that being the case, we feel this market will continue towards the 1.6 handle...

EUR/USD Forecast September 12, 2013, Technical Analysis

by FX Empire | September 12, 2013 3:10 am
The EUR/USD pair rose during the session on Wednesday, reaching to the 1.33 level as you can see. We continue to think that this market is bullish, and as a result we think the market will go...

AUD/USD Forecast September 12, 2013, Technical Analysis

by FX Empire | September 12, 2013 3:09 am
The AUD/USD pair broke out to the upside during the session on Wednesday, clearing the 0.93 handle. That being the case, we feel that this market will continue to go higher, and head towards the next major...

UK Jobless Rate Drops to 7.7%

by Paxforex | September 11, 2013 9:47 am
Moments ago the Office of National Statistics reported that the UK jobless rate declined to 7.7% for the period between May – July which is the lowest reading since September – November of 2012 and down 0.1%...

USD/JPY Forecast September 11, 2013, Technical Analysis

by FX Empire | September 11, 2013 7:53 am
The USD/JPY pair rose during the session on Tuesday, breaking above the 100 handle. This is a nice little breakout, and suggests that the market is going much higher. Because of this, we bought during the session,...

USD/CAD Forecast September 11, 2013, Technical Analysis

by FX Empire | September 11, 2013 7:52 am
The USD/CAD pair fell during the session on Tuesday, but as you can see bounced enough to form a hammer. This hammer is right about where we expect to see support, right at the 1.03 handle.

GBP/USD Forecast September 11, 2013, Technical Analysis

by FX Empire | September 11, 2013 7:51 am
The GBP/USD pair slammed into the 1.5750 level during the session on Tuesday, proving that area to be resistive still. With that being said, we await to see whether or not this market can breakout above the...

EUR/USD Forecast September 11, 2013, Technical Analysis

by FX Empire | September 11, 2013 7:42 am
The EUR/USD pair fell initially during the session on Tuesday, but as you can see found enough support to bounce and form a hammer for the day. This hammer of course is a very bullish sign, and...