Daily Forex Fundamentals – April 26, 2013

What’s on the Economic Horizon
U.S. Q1 2013 GDP to post 3.0% growth
BOJ to make interest rate decision today

U.S. Dollar (USD)

Not again! The U.S. dollar chalked up another losing day to most of its major counterparts as GBP/USD surged to the 1.5450 area while USD/JPY dipped back to the 99.00 handle. Are there any catalysts that could trigger a bounce today? Read more…

Euro (EUR)

Yesterday turned out to be an extremely wild day for the euro. At first, the currency staged a magnificent rally. But when the U.S. trading session began, the euro kept dropping like a hot potato. EUR/USD started the day at 1.3016, rose as high as 1.3095, and then closed near its open price at 1.3003. Read more…

British Pound (GBP)

Ha! Who’s the loser now? The pound blasted above its counterparts yesterday when the U.K.’s GDP report came out better than many had expected. Cable popped up by a nice 165 pips while Guppy also enjoyed a nice 132-pip rally. Read more…

Japanese Yen (JPY)

Brace yourselves, people! The BOJ is set to make its interest rate decision today and we all know what happened last time! USD/JPY is currently trading close to the 99.00 major psychological level, as traders wait for the central bank’s announcement. Which way will it go? Read more…

Canadian Dollar (CAD)

Despite the lack of economic data, the Canadian dollar managed to make a huge lunge forward thanks to increased appetite for risk. The Loonie closed the U.S. trading session at 1.0208 against the dollar, which is a respectable 49 pips higher from its day open price. Read more…

Australian Dollar (AUD)

What a topsy-turvy day for the Aussie! AUD/USD staged a strong rally from the 1.0275 area to a high of 1.0330 during the Asian session, before reversing and dipping back below 1.0300. What the heck was that all about? Read more…

New Zealand Dollar (NZD)

New Zealand was on a bank holiday for most of the day yesterday, so NZD/USD’s price action danced to the tune of risk sentiment. The Kiwi settled with a 34-pip gain on the Greenback after NZD/USD had popped up to an intraday high of .8564. Read more…

Swiss Franc (CHF)

Phew! The franc got a breather from its counterparts yesterday as USD/CHF slipped by 22 pips while EUR/CHF also dropped by 40 pips. What the heck happened? Read more…

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

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  • shahzeb

    very nice sir..