Daily Forex Fundamentals – December 18, 2012

What’s on the Economic Horizon

The RBA Is Worrying About Mining and Employment
Fiscal Cliff Talks Limited the Dollar’s Losses
U.K.’s CPI Due Today

U.S. Dollar (USD)

And the bleeding continues! Though the Greenback was able to put a cork on its losses against the euro and the franc, it still lost to the yen and the pound. Heck, GBP/USD shot up by 49 pips! Did the U.S. reports have something to do with it? Read more…

Euro (EUR)

Not so fast, euro! After a few days of consecutive gains, the shared currency ended up with a tiny loss against the Greenback yesterday as EUR/USD closed 14 pips below its 1.3174 open price. EUR/JPY also ended the day in the red as it landed at 110.31 after starting the week at 111.20. Read more…

British Pound (GBP)

Looks like another streak is in the works, fellas! The pound was one of yesterday’s top performers, as it recorded solid gains against the dollar for the second day in a row. It flexed its muscles and dragged GBP/USD up 49 pips from its opening price to finish just above the 1.6200 handle. Let’s see if it’ll keep climbing today! Read more…

Japanese Yen (JPY)

The yen snatched back some of its losses yesterday after it got aggressively sold off following the weekend elections. USD/JPY fell by 60 pips while EUR/JPY suffered an 89-pip drop. Read more…

Canadian Dollar (CAD)

And that’s the way the Loonie rolls! After a few moments of consolidation and a day of losing to the Greenback, the Loonie staged a strong rally back to the .9840 area on Monday. USD/CAD dipped to a low of .9835 before ending the day at .9843. Read more…

Australian Dollar (AUD)

Ho-hum. The lack of economic reports and trading volume inspired directionless trading for AUD/USD yesterday. The pair dipped to a low of 1.0526 and reached a high of 1.0574 before it capped the day 8 pips lower than its open price. Read more…

New Zealand Dollar (NZD)

The give and take between the Kiwi and the Greenback continues! After posting gains against its American counterpart last Friday, the New Zealand currency ended up giving back some of its pips as NZD/USD slid 18 pips to start the week. Who will come out on top today? Read more…

Swiss Franc (CHF)

We got mixed results from the Swiss franc to start the week, but overall, it wasn’t very impressive. While it lost 4 pips against the dollar and 45 pips against the pound, it snatched up 6 pips against the euro. Let’s see if it can put up a better fight today! Read more…

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  • FxOpenFo.com

    Thank you so much