Daily Forex Fundamentals – April 9, 2013

What’s on the Economic Horizon

U.K. Manufacturing Production Figures Due Today
Swiss Inflation Expected to Remain Steady
Canadian Building Permits on Tap

U.S. Dollar (USD)

Not a good start to the week for the scrilla, as it found itself trailing the other major currencies, with EUR/USD, NZD/USD, and AUD/USD all ending the day higher. Could we see more of the same today? Read more…

Euro (EUR)

The rally is not over yet folks! EUR/USD continued to climb higher yesterday, thanks to the positive German Industrial report. EUR/USD, which began the day 1.2974, rose to an intraday high at 1.3038 before eventually settling at 1.3003. Read more…

British Pound (GBP)

After consolidating above 1.5300 for most of the day, GBP/USD sold off during the U.S. session and reached the 1.5250 area. GBP/JPY, on the other hand, moved sideways between 150.75 and 151.50. What’s in store for the pound today? Read more…

Japanese Yen (JPY)

There’s just no stopping the yen bears! Once again, the yen found itself with the short end of the stick, as it was sold-off in favor of higher yielding currencies. USD/JPY rose above 99.00, hitting its highest level since 2009, while EUR/JPY is now trading a shade below the 130.00 mark. Read more…

Canadian Dollar (CAD)

USD/CAD’s price action yesterday was as mixed as a bag of jellybeans. At first, the pair consolidated heavily, and traded within a very tight 20-pip range. During the U.S. session, however, the pair burst into life and rallied strongly to 1.0216. Towards the end of the day, the pair gave up its gains to closed the day barely changed at 1.1074. Read more…

Australian Dollar (AUD)

That’s how you start the week with a bang! With AUD/JPY soaring to new highs, AUD/USD was taken along on the ride as well, as it rose 44 pips to finish at 1.0411. Will we see more of the same today? Read more…

New Zealand Dollar (NZD)

After gapping down over the weekend, NZD/USD quickly filled the void as it zoomed up to a high of .8475 after sitting around the .8410 area during the Asian session. Is the Kiwi poised for more gains today? Read more…

Swiss Franc (CHF)

USD/CHF must’ve gotten exhausted from its sharp dive last Friday as the pair consolidated for an entire day yesterday! The pair moved sideways between .9335 and the .9360 area as though waiting for more market catalysts. Will we see one today? Read more…

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

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