Daily Forex Fundamentals – April 12, 2013

What’s on the Economic Horizon

EZ Industrial Production Figures on Deck
U.S Retail Sales On Tap

U.S. Dollar (USD)

Dollar trading was as smooth as a Shaquille O’neal free throw… which means to say it’s performance yesterday was terrible! EUR/USD rose 37 pips to finish at 1.3104, while GBP/USD climbed 61 pips to end the day at 1.5387. Read more…

Euro (EUR)

The euro continued its march up the charts like a soldier preparing for war. It finished the day higher against most of its counterparts, with EUR/USD closing 38 pips above its opening price at 1.3105 and EUR/JPY by 46 pips at 130.85. Read more…

British Pound (GBP)

Soarin’! Despite the lack of economic reports from the U.K., it would seem that the pound didn’t have any trouble finding demand in yesterday’s trading. It finished the day higher at 1.5389 after opening at 1.5325 against the dollar. Meanwhile, against the yen, it closed with a 43-pip win at 153.37. Read more…

Japanese Yen (JPY)

Is this the end of the line for the yen bears? After all, USD/JPY just formed a really slick looking doji on the daily chart and closed just below the 100.00 psychological level! Read more…

Canadian Dollar (CAD)

The Loonie joined its comdoll buddies on the winners’ bench yesterday. USD/CAD finished lower at 1.0106 after opening at 1.0145. Boo yeah! Read more…

Australian Dollar (AUD)

What a crazy day for the Aussie! After it looked like it was headed for new lows, AUD/USD got a boost during the London session, rising as high as 1.0583 before eventually closing at 1.0545, just a few pips above its opening price. Read more…

New Zealand Dollar (NZD)

Oh my, what a rally by the Kiwi! NZD/USD started the day at .8574 then zoomed all the way up to a high of .8676 before ending the day at .8630. What was that all about? Read more…

Swiss Franc (CHF)

What a snoozefest! Still no data out from Switzerland yesterday, so USD/CHF and EUR/CHF danced to the tune of the dollar and the euro’s price action. 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!