About Pipnoculars

Pipnoculars Author Every day, I will present to you my findings and daily commentaries on what recently happened in the economic arena, possible shifts in sentiment, economic events to watch out for, and their effects on currencies. This blog, however, is not an economic crystal ball. I am not a fortune teller - I will simply try to piece together some economic updates so I can provide you with my scholarly opinions and analysis on the markets for a ‘sneak preview’ on what lies ahead.

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August 2011

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Daily Forex Fundamentals - August 31, 2011

What's on the Economic Horizon

ADP Employment Change on Deck
Australian Retail Sales Expected to Have Turned Positive in August

U.S. Dollar (USD)

Dollar trading was as varied as the colors of the rainbow yesterday due to the mixed results of economic data released. While the dollar posted huge gains over the euro and the pound, it fell against the Aussie and the Kiwi. The U.S. dollar index ended the day at 74.36, 24 percentage points higher from the level it opened during the Asian trading session. Read more...

Euro (EUR)

The euro's price action yesterday might not be all about the money, money like Jessie J said, but it was definitely all about the fundies, fundies! The euro got slammed across the board, losing against the yen and the Greenback. Here's why: Read more...

British Pound (GBP)

The pound pulled off a Lady Gaga stint yesterday as it slipped against the dollar from an intraday high of 1.6420. Too bad it wasn't able to end the day on a good note as GBP/USD closed 103 pips below its opening price. Read more...

Japanese Yen (JPY)

With the FOMC meeting minutes revealing that additional easing measures NOT out of the question, the yen was able to rally across the board yesterday. By the end of the U.S. trading session, the currency was able to a 15-pip gain over the dollar, a 64-pip gain over the euro, and a 104-pip gain over the pound. Read more...

Canadian Dollar (CAD)

Unlike its fellow comdolls, the Loonie wasn't able to jump in the dollar-aversion frenzy yesterday. USD/CAD even went up to an intraday high of .9818 before it capped the day with an 8-pip gain at .9780. What gives? Read more...

Australian Dollar (AUD)

Thanks to renewed speculation of QE3 due to the Federal Reserve's meeting minutes, the Aussie was able to edge higher versus the Greenback yesterday. AUD/USD started off the Asian trading session at 1.0654, but by the end of the day, it was sitting 54 pips higher at 1.0708. Read more...

New Zealand Dollar (NZD)

The Kiwi showcased its inner Maori warrior in yesterday's trading as it spooked pips out of the dollar. NZD/USD ended the day 98 pips above its opening price at .8549. Read more...

Swiss Franc (CHF)

Is the Swissy losing its swag? The currency extended its losing streak against the dollar yesterday when USD/CHF ended the day 34 pips above its opening price at .8198. Meanwhile, EUR/CHF also ended the day higher by 4 pips at 1.1850. 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!

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