What's on the Economic Horizon
German IFO business climate index seen at 101.9
MPC meeting minutes to shed light on U.K. monetary policy?
U.S. housing starts and building permits on tap
New Zealand to publish Q3 GDP
U.S. Dollar (USD)
Well that was... odd. The dollar got mixed feedback from the markets yesterday, as it gained ground against the comdolls and the yen, but lost ground to the euro and the pound. What's up with that? Read more...
With risk appetite leading the way, the euro continued its rise up the charts, as it edged higher versus the Greenback. EUR/USD rose 59 pips to finish the day at 1.3220. The only question is, can the euro bulls sustain their momentum? Read more...
British Pound (GBP)
That's three in a row, fellas! GBP/USD extended its winning streak for the third day in a row as it closed 43 pips above its 1.6204 open price. GBP/JPY also had its share of gains as it ended up almost a hundred pips above its 135.82 open. Read more...
Japanese Yen (JPY)
It looks like the markets are betting on the BOJ to roll out aggressive measures in tomorrow's rate statement! They dumped the yen like cray-cray, leaving USD/JPY 37 pips higher at 84.19 and EUR/JPY almost 100 pips higher at 111.29. Read more...
Canadian Dollar (CAD)
Consolidation, baby! That was the name of the game for Loonie traders, as we didn't see have any data to push USD/CAD in either direction. The pair eventually ended the day at .9854, just 11 pips above its opening price. Could we see bigger moves today? Read more...
Australian Dollar (AUD)
This is starting to get boring yo! For the second day in a row, AUD/USD traded very conservatively, not drifting more than 30 pips from its open price. Still, the day belonged to the bears as they managed to chalk up another victory, taking the pair down 17 pips to 1.0529. Read more...
New Zealand Dollar (NZD)
The Kiwi chalked up another day in losses as NZD/USD slipped for the second time in a row. The pair opened at .8442, dipped to a low of .8401, then closed at .8422. Will it be able to recover today? Read more...
Swiss Franc (CHF)
After stalling around its week open price for a day, USD/CHF resumed its slide as it dipped to a low of .9124 then closed at .9137, 42 pips below its open price. How low can this pair go? Read more...
Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.
Head on to Big Pippin's Daily Chart Art for some pip-locking technical setups!
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