Daily Forex Fundamentals – April 11, 2013

What’s on the Economic Horizon
Australia to print 6.7K drop in hiring
ECB monthly bulletin set for release
U.S. jobless claims to show 362K reading

U.S. Dollar (USD)

Looks like someone’s been going to the gym! The U.S. dollar flexed its muscles during yesterday’s trading sessions as it managed to end higher against most of its counterparts. EUR/USD found resistance around 1.3100 and closed at 1.3052 while USD/JPY made new highs and closed at 99.68. Read more…

Euro (EUR)

Ouch! That 1.3100 level is just too hot to handle for EUR/USD! The pair turned from its recent rallies upon hitting a high of 1.3122 and dropped back down to close at 1.3052. Against the yen, the euro resumed its climb as EUR/JPY closed 11 pips above 130.00. Read more…

British Pound (GBP)

Not much action for pound pairs yesterday, as no U.K. data was released. GBP/USD stayed within range, while EUR/GBP dipped slightly. Will we see a repeat performance in today’s action? Read more…

Japanese Yen (JPY)

After a day or two of consolidation, the Japanese yen resumed its losing streak against its major counterparts as USD/JPY reached a high of 99.72 before closing at 99.68. Do you think it’ll reach the 100.00 mark today? Read more…

Canadian Dollar (CAD)

Once again, USD/CAD trading was as boring as a golf tournament, as it pretty much stuck within its recent range and is currently trading at 1.0150. Will we see another snoozefest today? Read more…

Australian Dollar (AUD)

Way to go, Aussie! While most major currencies were returning their recent gains to the Greenback, the Australian dollar managed to go for more and climb closer to the 1.0550 area. Can it keep going higher today? Read more…

New Zealand Dollar (NZD)

There’s just no stopping the Kiwi bulls, baby! For the third day in a row, NZD/USD finished in the green and is now trading at .8570. Will today make it four in a row? Read more…

Swiss Franc (CHF)

Nice try, but better luck next time! After a brief attempt to break below .9300, the USD/CHF bulls came roaring back to push the pair back up to the .9330 price area. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!