What's on the Economic Horizon
RBA MPC Minutes on Tap
UoM Consumer Sentiment Report Boosts the USD
EZ Current Account Prints Largest Surplus on Record
U.S. Dollar (USD)
Thanks to the mildly positive consumer sentiment survey, the dollar capped off the week on a good note. The dollar index rose to 83.03 from 82.88 as it posted gains versus other major currencies like the pound, the euro, and the commodity-based currencies. Read more...
Fall back, fall back! Euro bulls retreated from resistance around the week's highs on Friday. EUR/USD tapped an intraday high of 1.2383 before plunging to 1.2289. By the end of the New York session, the pair had settled at 1.2334, 21 pips below its opening price. Read more...
British Pound (GBP)
Where to, pound traders? Though the U.K.'s currency traded higher against the yen, it also pared its gains against the Greenback, the euro, and the franc. There weren't any reports released, so what had caused the move? Read more...
Japanese Yen (JPY)
The great thing in forex is that even though you've struck out more than 3 times, you're still not out! Last Friday, the yen marked its fifth losing day against the dollar as positive data came out of the U.S. USD/JPY, which began the day at 79.31, closed out the U.S. trading session at 79.55. Read more...
Canadian Dollar (CAD)
Where did all 'em Loonie bulls go? On Friday, the comdoll pared almost all of its gains from Thursday's trading against the dollar. USD/CAD traded higher after it opened at .9867, closing the day at .9891. Read more...
Australian Dollar (AUD)
AUD/USD bulls were in a world of hurt last Friday due to the mildly positive data from the U.S. The University of Michigan consumer sentiment survey came in better than expected, which resulted in AUD/USD selling off. The pair ended the New York trading session at 1.0423, 93 pips lower from where it was from the beginning of the Asian trading session. Read more...
New Zealand Dollar (NZD)
The comdoll bears banded together last Friday as they dragged the Aussie, Loonie, and Kiwi down the charts. NZD/USD only tipped an intraday high of .8125 before it closed 26 pips lower than its open price. Read more...
Swiss Franc (CHF)
No data? No problem! The franc bulls barely exerted effort in boosting the low-yielding currency thanks to the dollar weakness that we saw last Friday. USD/CHF dropped by 54 pips after dipping to an intraday low of .9706. Read more...
Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.
Head on to Big Pippin's Daily Chart Art for some pip-locking technical setups!
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