Daily Forex Fundamentals – April 19, 2013

What’s on the Economic Horizon

G20 To Comment on BOJ Action?
Canadian CPI Figures on Tap

U.S. Dollar (USD)

Not much action on USD pairs yesterday, although we did see the Greenback give back some of its gains against its European counterparts from the day before. EUR/USD finished 21 pips higher at 1.3051, while GBP/USD closed at 1.5281, up 42 pips from its opening price. Read more…

Euro (EUR)

The euro was able to pare some of Wednesday’s losses as the markets took EUR/USD 21 pips higher to end at 1.3051. Is it getting ready to stage a comeback or was yesterday’s move just a dead cat bounce? Read more…

British Pound (GBP)

Weak retail sales? No problem! The pound got a breather from its losses yesterday when the currency bears ran out of steam. Cable even closed 42 pips higher than its open price while Guppy recovered from its intraday low at 148.75 end closed at 150.08. Phew! Read more…

Japanese Yen (JPY)

It was a day of consolidation for yen pairs, as we didn’t see much movement in the markets. With the weekend fast approaching, could that all change today? Read more…

Canadian Dollar (CAD)

Not much movement for the Loonie – USD/CAD ended the day just 5 pips lower at 1.0260. Without any Canadian reports to drive the markets, the pair never really traded more than 35 pips away from its opening price. Boooring! Read more…

Australian Dollar (AUD)

With no major data on tap, AUD/USD stuck within its average daily range, as it finished just two pips higher at 1.0296. Could we be in for another snoozefest today? Read more…

New Zealand Dollar (NZD)

The Kiwi got hit with a one-two punch yesterday when weak data from the U.K. and risk aversion in the euro region weighed on the comdolls. NZD/USD only popped up to an intraday high of .8470 before it settled with a 21-pip loss. Read more…

Swiss Franc (CHF)

Since Switzerland was void of economic reports yesterday, the franc’s price action was dependent on its counterparts. USD/CHF only slipped by 4 pips while EUR/CHF popped up by 14 pips. 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!