Daily Forex Fundamentals – December 12, 2011

What’s on the Economic Horizon
Australia’s trade surplus disappoints expectations
U.S. to release federal budget balance report
BOE Governor Mervyn King Scheduled to Speak Today

U.S. Dollar (USD)

A somewhat better-than-expected EU Summit in the euro region turned investors’ attention away from the U.S. reports and pushed the low-yielding Greenback lower against its major counterparts. Heck, EUR/USD ended up Read more…

Euro (EUR)

It looks like Santa Claus came in early for the euro bulls on Friday. After getting trampled on by the bears day after day, the euro finally whipped up a win against the dollar after it was reported that China could Read more…

British Pound (GBP)

While the European Summit was able to support risk appetite slightly, GBP/USD still failed to make any significant gain or loss and closed the day barely changed from its opening price last Friday. GBP/USD sat at the Read more…

Japanese Yen (JPY)

Can you say dojiland? Except against the low-yielding dollar, the yen capped the week with dojis against its major counterparts as the currency bulls and bears battled over Read more…

Canadian Dollar (CAD)

Aaah, there’s nothing like risk appetite to get investors looney for the Loonie. On Friday, USD/CAD dropped from an intraday high of 1.0263 and ended the day 40 pips below its opening price at Read more…

Australian Dollar (AUD)

Whew, that was a close one! Since no economic reports were released from the Land Down Under last Friday, the Aussie traded mainly on risk sentiment in the markets. After plunging to an intraday low of 1.0048, the Aussie bulls fired up and pushed AUD/USD to Read more…

New Zealand Dollar (NZD)

“Never ever give up, never going to let you down,” was motto of the NZD/USD bulls last Friday. Even though the currency tumbled early during the Asian session, it was able to recover all of its losses thanks to the Read more…

Swiss Franc (CHF)

Despite the European Summit, the Swissy found itself barely changed versus both the euro and the dollar last Friday. EUR/CHF ended the day with just a 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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