Daily Forex Fundamentals – August 14, 2013

What’s on the Economic Horizon

U.S. Producer Price Index to Climb 0.4%?
Euro zone GDP reports on Tap
BOE Meeting Minutes Expected to Show a 0-0-9 Split

U.S. Dollar (USD)

Look at the Greenback go! Better than expected data from the U.S. boosted the dollar against its major counterparts during the New York session, pushing EUR/USD below the 1.3250 area and taking USD/JPY above the 98.00 mark. Will it be able to hold on to its gains today? Read more…

Euro (EUR)

Man down, man down! Despite the extremely positive ZEW survey, EUR/USD still received a major blow to the gut yesterday. The pair began the day at 1.3304 and ended the U.S. trading session 38 pips lower at 1.3266. Read more…

British Pound (GBP)

The tug-o-pips continues for the bulls and bears as the pound clocked in mixed performance against the dollar and the yen. How did that happen?! Read more…

Japanese Yen (JPY)

Guess who’s back in Loserville? Yep, that’s right, it’s the yen! The Japanese currency was no match to the strength of its major rivals in yesterday’s trading. USD/JPY jumped up to the 98.00 area while climbed to a high of 152.09. Can the yen get back on its feet today? Read more…

Canadian Dollar (CAD)

USD/CAD experienced a world of hurt yesterday as good data from the U.S. came out. The pair started the day at 1.0303, rose as high as 1.0350, and then settled at 1.0343 before the U.S. trading session ended. Read more…

Australian Dollar (AUD)

You win some, you lose some. Even though AUD/USD suffered a massive selloff in yesterday’s trading, AUD/JPY managed to score some gains and climb to a high of 89.64. Will the Aussie be able to hold on to its gains today? Read more…

New Zealand Dollar (NZD)

Phew, that was a close one! Its other comdoll buddies might have taken hits from the Greenback, but the Kiwi managed to end the day unscathed as NZD/USD closed with a 14-pip gain. Did New Zealand’s reports have anything to do with it? Read more…

Swiss Franc (CHF)

The franc played another game of Simon says as it moved to the beat of its counterparts. USD/CHF popped up above .9300 while EUR/CHF also gained by 63 pips. 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!