Daily Forex Fundamentals – August 12, 2013

What’s on the Economic Horizon

Japan’s GDP Report Misses Expectations
Canada’s Ridiculously Weak Jobs Numbers Were Shrugged Off

U.S. Dollar (USD)

While the dollar gave up ground to the comdolls and the yen, it registered wins against its European counterparts. Which way will it go this week? Read more…

Euro (EUR)

The euro was attacked from all sides last Friday as traders lost love for the common currency. It tracked losses not only against the Greenback, but also against the pound, yen, and the franc. What’s up with that?! Read more…

British Pound (GBP)

Unlike the rest of higher-yielding currencies, the pound was unable to edge higher versus the dollar, as GBP/USD finished 38 pips lower at 1.5507. The question is, will the bulls bounce back or will the bears keep up the good work? Read more…

Japanese Yen (JPY)

It was a good day to be a yen bull! The Japanese currency dominated its counterparts, pushing USD/JPY down 51 pips to 96.19 and EUR/JPY 107 pips lower to 128.37. Let’s see if momentum will carry these pairs lower this week! Read more…

Canadian Dollar (CAD)

Weaker-than-expected major data? Pfft. The Loonie slammed the Greenback for another day last Friday when USD/CAD fell by another 30 pips. How the heck did the bulls manage that?! Read more…

Australian Dollar (AUD)

The Aussie completed its sweep of the Greenback as it registered a fifth straight win to end the week. AUD/USD started the day at .9111 and climbed straight to .9191 without ever looking back. Read more…

New Zealand Dollar (NZD)

Sky high, baby! The Kiwi soared up the charts yesterday, as it took advantage of Greenback weakness. By the end of last week’s trading, NZD/USD was soundly perched at .8037, up 300 pips from its opening price for the week! Read more…

Swiss Franc (CHF)

Tough luck for the franc, as it simply couldn’t extend its winning streak and finish the week with a clean sweep. USD/CHF closed at .9220, up 21 pips from its opening price. 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!

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