Daily Forex Fundamentals – August 15, 2012

What’s on the Economic Horizon

U.K. job market to post gains of 6,200
U.S. CPI expected to show 0.2% increase

U.S. Dollar (USD)

Well, well, well… Look who decided to respond to fundies! Following the release of upbeat retail sales data, the dollar shimmied up the charts to record solid wins against its major counterparts. EUR/USD slid from its high of 1.2387 to end the day 12 pips lower at 1.2325. Meanwhile, USD/JPY rose 38 pips to finish at 78.73. Read more…

Euro (EUR)

Hot start but poor finish by the euro yesterday, which couldn’t sustain the momentum it gained during the Tokyo session. After hitting as high as 1.2387, EUR/USD tumbled during the latter sessions and finished at 1.2325, down 12 pips from its opening price. Read more…

British Pound (GBP)

Chop, chop, chop! GBP/USD made a few spikes here and there but managed to end right where it started at 1.5685. GBP/JPY, on the other hand, was able to pocket some gains as it closed at 123.49. Which reports moved the pound pairs yesterday? Read more…

Japanese Yen (JPY)

With the BOJ monetary policy meeting minutes providing no surprises, yen bears were free to sell-off the Japanese currency again. This led to a 38-pip rally in both USD/JPY and EUR/JPY. Read more…

Canadian Dollar (CAD)

Zzzzzz…. what a snoozefest on USD/CAD! Once again, the pair remained within a range and failed to set any new highs or lows. Could we see more of the same today? Read more…

Australian Dollar (AUD)

For the third day in a row, the Aussie posted a loss against the Greenback as AUD/USD fell 21 pips to 1.0492. Uh oh… Is this a start of a new trend? Read more…

New Zealand Dollar (NZD)

Aaaahh… Breakout! NZD/USD finally broke below support at the .8080 area yesterday and ended the day at .8049, 36 pips down from its .8085 open price. What caused this breakdown? Read more…

Swiss Franc (CHF)

The Swissy was off to a strong start against the Greenback as it managed to maintain its lead until the halfway mark of the London session. But as the New York session rolled along, the Swissy fell back and was eventually outrun by the U.S. dollar. What the heck happened?! 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.

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