Daily Forex Fundamentals – December 14, 2011

What’s on the Economic Horizon
U.K. Labor data on deck
OPEC meetings Scheduled Today
Canada’s manufacturing sales to stagnate in October?

U.S. Dollar (USD)

Oh, momma! Thanks to an onslaught of bearish reports across the markets, the dollar was able to triple roundhouse kick its major counterparts down the charts. EUR/USD fell to its 11-month low at Read more…

Euro (EUR)

Oh man, not again?! The euro must be feeling frustrated as it lost ground against its major counterparts yesterday. EUR/USD struggled to hold on to 1.3200 at first but ended up Read more…

British Pound (GBP)

For the second straight day this week, Cable found itself suffering at the hands of the bears. It was sold-off like ice cream on a hot summer afternoon, ending the U.S. trading session 112 pips lower from Read more…

Japanese Yen (JPY)

Second day in a row, baby! Thanks to risk aversion across the board, the low-yielding yen was able to follow through with its strong gains against its major counterparts. Though demand for the dollar boosted USD/JPY to 77.99, EUR/JPY was Read more…

Canadian Dollar (CAD)

The Loonie took a hit from the Greenback yesterday as risk aversion extended its stay in the markets. USD/CAD tried to stay below the 1.0300 handle then broke higher after the Read more…

Australian Dollar (AUD)

Risk aversion was the theme of the day yesterday, and the high-yielding comdolls aren’t exempted from the selloff. AUD/USD ended up falling for a second day in a row, sliding 71 pips to Read more…

New Zealand Dollar (NZD)

The Kiwi did what it usually does when risk aversion risk the markets… Lose! Yesterday, due to the market’s disappointment with the Fed’s interest rate decision statement, the Kiwi lost significant ground versus the Read more…

Swiss Franc (CHF)

The Swissy found itself trading in a mixed fashion versus other major currencies yesterday. While it gave up a lot of ground versus the strengthening Greenback, it was able to post gains over 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!