Daily Forex Fundamentals – August 20, 2013

What’s on the Economic Horizon

RBA meeting minutes to show dovishness?
RBNZ Gov. Wheeler set to speak
Canadian wholesale sales to drop by 0.5%

U.S. Dollar (USD)

It looks like the markets were divided as to where they wanted to take the dollar! The American currency ended the day stronger against the comdolls, but it lost ground to the yen, euro, pound, and Swissy. Where is it going to head today? Read more…

Euro (EUR)

It was a pretty slow day on EUR/USD to start the week. The pair spent the entire day chilling above the 1.3300 handle. It rose to a high of 1.3376 in the London session but eventually settled at 1.3339, just 9 pips above its opening price. Read more…

British Pound (GBP)

Despite the lack of data, pound pairs still managed to trade with a slightly bullish bias. By the end of the day, GBP/USD was trading at 1.5654, up 27 pips from its opening price. Read more…

Japanese Yen (JPY)

Just when it seemed like JPY pairs were gonna shoot off to new highs, the yen came storming back in latter sessions. USD/JPY, EUR/JPY, and GBP/JPY all traded well off their daily highs as the yen gained steam late in the day. Will we see more of the same today? Read more…

Canadian Dollar (CAD)

Let’s call it a draw! After an entire day of wrestling with the Greenback, the Loonie ended practically unchanged against its American counterpart. USD/CAD finished just 5 pips higher at 1.0342. Read more…

Australian Dollar (AUD)

AUD/USD was a bloodbath to start the week as the pair closed 69 pips lower at .9114. Will today’s RBA monetary policy meeting minutes reverse the comdoll’s fortune? Read more…

New Zealand Dollar (NZD)

This is why you don’t count your Kiwis before they hatch! After it seemed that NZD/USD was headed for new highs, the pair came crashing lower in latter sessions, eventually ending the day at .8069, nearly 100 pips below its highs on the day. Read more…

Swiss Franc (CHF)

With no data on tap, USD/CHF pretty much just stayed within a range the entire day. The pair traded within a consolidation of around 60 pips, eventually ending the day at .9238, down 28 pips from its starting point on the day. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

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Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!