Recent content by FX Empire

Swissy finally breaks out. The USD/CHF pair has finally broken over the 0.93 level on a daily close. With this in mind, we continue to think 0.95 is in the cards, and this move higher is fairly significant. The parity level is where we are expecting this pair to head to after breaking through...

Kiwi whipsaws, breaks lower. The Kiwi dollar has been in a tight consolidation area over the last few days. The pair managed to break to the upside originally for the session as the EU cut rates. The ECB didn't mention buying more bonds though, and this lead to a day of selling risk overall...

Kiwi continues to tighten up. The whole world is waiting to see what the Europeans will or won't do on Friday. This is expressed in the limited risk appetite that we are seeing in the various global financial markets this week. The Kiwi is a perfect example, as the range is clearly defined by...

The grind continues in the Swissy. The USD/CHF continues to grind higher, although the 0.93 has offered major resistance. The pair will more than likely continue to be influenced by the situation in the EU as all things seem to be currently. The breaking of the 0.93 level opens the door to the...

Muted response to NFP, Swissy continues to build support...... Looking at the USD/CHF, the pair continues to build support just above the 0.9000 support area. Presently, we like the idea of owning the Dollar as it is a "safe haven", and the Franc is being worked against by the SNB. Talk of...

Switzerland to have negative interest rates? With the rumor of negative interest rates coming out of Switzerland, the idea is that they don't want your money. With this in mind, the theory is that there will be less money coming into the country, and therefore less FX transactions heading...

EUR/USD spikes. Looking at the EUR/USD pair, the spike from the central bank actions today has booted the "risk on" appetite for the markets. The pair has decidedly turned bullish for the day, but as you can see from this chart, the 1.35 level is massive as a resistance area. The area is...

USD/CHF quietly building steam. While most of the world focuses on the Euro presently, over the last few weeks there have been strong gains to be had in the USD/CHF pair. The move makes sense, as the SNB is working against Franc strength, and the USD is the last clear safe haven currency. The...

Pound looks weak still. After the "Hopium" rally of Monday, the GBP/USD pair has tipped it's hand we believe. Looking at the 1.55 level, we see a major battleground, and one that was completely blown past during the session. However, in the later part of the US session - we are seeing a real...

Cable retesting resistance on Friday... Looking at the longer-term bearishness, it often helps to try and fine tune your entries to maximize potential profits. Looking at cable in this light today, we cannot help but notice the shooting star on the hourly chart @ the 1.55 resistance level while...

Eur/gbp Looking at this pair, we can see a classic shooting star set up on Tuesday that has been broken to the downside today. The pair looks weak, and set to return to the previous range between the 0.8650 and 0.85 mark. The 0.85 will provide support, but the trend is for a lower price over...

Kiwi Dollar is the "Canary in the coal mine" When looking at commodity currencies, without a doubt the one that will move the fastest is the New Zealand Dollar. The Kiwi is massively sensitive to risk appetite, and as a result is often the first to move up or down. With this in mind, we find...

The GBP/USD pair got a significant spike during the day as the latest rumors about the EU continue to push the markets around. However, the day is starting to look it wants to roll over a bit, and the momentum continues to look bearish overall. The fact that the bulls retreated so quickly...

Euro fighting yet again. As many of you will undoubtedly know, the Euro just won't die. The EUR/USD pair has been very bearish, but there seems to be serious support in the form of 1.35 at the moment. There have been rumors of Central Banks out of Asia buying, but this of course is just that -...

British Pound set to fall further Looking at the GBP/USD pair, it is obvious that the momentum has shifted to the downside. The breaking of the two previous week's hammers to the downside is a very bearish signal. This doesn't happen everyday, and as such we are very bearish of the Pound now.