Daily Forex Fundamentals – August 13, 2013

What’s on the Economic Horizon
Downside surprise for U.S. retail sales?
German ZEW figures expected to come in strong
U.K. CPI could show 2.8% reading

U.S. Dollar (USD)

Now that’s how you start a week! Thanks to “Septaper” expectations, the Greenback posted gains against most of its counterparts. EUR/USD and GBP/USD showed losses while USD/JPY and USD/CHF capped the day in the green. Read more…

Euro (EUR)

Down but not out! EUR/USD ended the day in the red, as the Greenback started the week on a strong note, yet the pair still managed to hold on to the 1.3300 handle. Will euro zone data due today trigger a bounce or a break? Read more…

British Pound (GBP)

The pound was off to a slow start to the week as it followed up Friday’s loss against the Greenback with another defeat. GBP/USD began at 1.5500 and finished at 1.5465. Read more…

Japanese Yen (JPY)

Ooomph! The yen pared back some of its gains against its higher-yielding counterparts yesterday as traders priced in a weaker-than-expected GDP report from Japan. What does that tell us? Read more…

Canadian Dollar (CAD)

Consolidation was the name of the game for the Loonie, as USD/CAD struggled to hold on to the 1.0300 major psychological level. What’s in store for the Canadian dollar today? Read more…

Australian Dollar (AUD)

Not today, boys! The Aussie bulls’ good times ended yesterday as AUD/USD registered a 69-pip loss despite a lack of data from the Land Down Under. What the heck happened?! Read more…

New Zealand Dollar (NZD)

Streak broken! The Kiwi finally tasted defeat against the Greenback as NZD/USD slid from .8044 to .8006. Where will it head today? Read more…

Swiss Franc (CHF)

Not much movement on the Swiss pairs to start the week. USD/CHF only rose 22 pips to .9255 while EUR/CHF barely budged and ended just 3 pips higher at 1.2314. 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!