Daily Forex Fundamentals – April 8, 2013

What’s on the Economic Horizon

U.S. NFP Greatly Disappointed Expectations
Yen Continued to Post Deep Losses
Australia’s Job Ads Missed Expectations

U.S. Dollar (USD)

Geronimoooo!!! The Greenback capped the week with sharp losses against its counterparts as the NFP report revealed that all is not well in the U.S. jobs sector. EUR/USD shot up by 71 pips while USD/CHF fell by 63 pips. Read more…

Euro (EUR)

Now that’s how you end the week with a bang! EUR/USD zoomed back to the 1.3000 major psychological level on Friday while EUR/JPY rallied to the 127.00 handle. Will its rallies continue this week? Read more…

British Pound (GBP)

The rally continues! For the third straight day, GBP/USD finished above its opening price as it posted a 102-pip gain to end the week. Will the pound continue to dominate this week? Read more…

Japanese Yen (JPY)

Who needs economic data when the BOJ basically just told the markets not to buy the yen for the next two years? The yen continued to weaken against its counterparts despite the absence of major data from Japan. USD/JPY jumped by another 159 pips while EUR/JPY rocketed by a whopping 275 pips. Read more…

Canadian Dollar (CAD)

Did USD/CAD just wake up from its slumber or what? The pair broke out of consolidation and jumped to a high of 1.0235 prior to the NFP release then zoomed right back down when the results were printed. What was that all about? Read more…

Australian Dollar (AUD)

Talk about crash and burn! AUD/USD had dropped to an intraday low below 1.0400 last Friday despite the lack of economic report from the Land Down Under. What the heck is up with the Aussie bears?! Read more…

New Zealand Dollar (NZD)

Thanks to ugly U.S. employment figures, the Kiwi was able to stage a major comeback in the New York session to end the day in the green. It rose from a low of .8374 to finish 8 pips above its opening price at .8431. Read more…

Swiss Franc (CHF)

The Swissy sure showed the markets who’s boss last Friday! It gained 63 pips against the dollar as USD/CHF finished the week at .9333. Will it continue posting gains this week? 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!