Daily Forex Fundamentals – December 2, 2011

What’s on the Economic Horizon

U.S. NFP Report for November Eyed at 120,000
France’s and Spain’s Bond Auctions Successful?
Swiss Retail Sales On Tap

U.S. Dollar (USD)

Don’t look now, but I think the dollar is slowly starting to showcase its Mick Jagger moves again. EUR/USD traded lower from its intraday high of 1.3523 and ended the day at 1.3461. Meanwhile, USD/JPY closed 14 pips higher from its opening price at 77.70. Read more…

Euro (EUR)

And the euro rally continues! Yesterday, we witnessed the shared currency head up the charts for the third day in a row as successful bond auctions kept euro sellers at bay. EUR/USD traveled to as high as 1.3522 before it chilled and settled at 1.3461, up 25 pips on the day. Will it end the week with a bang? Read more…

British Pound (GBP)

It was an up and down day for Lady Cable, which couldn’t sustain its winning run yesterday. GBP/USD basically stayed within range, and eventually ended the day at 1.5685, just 7 pips lower than its opening price. Read more…

Japanese Yen (JPY)

Poor yen, it looks like it still didn’t get any lovin’ from investors yesterday. Both USD/JPY and EUR/JPY continued to trade higher. At the end of the day’s trading, the yen lost 14 pips to the dollar and 39 pips to the euro. Read more…

Canadian Dollar (CAD)

Boy did investors go looney for the Loonie yesterday! USD/CAD peaked at 1.0364 before dropping like it’s hot to an intraday low of 1.0125. By the end of the day’s trading, the Loonie was up 100 pips against the dollar. Read more…

Australian Dollar (AUD)

Aha! It seems like Aussie bulls got tired after the sPIPtacular rally we saw from the currency on Wednesday. Yesterday, AUD/USD ended the day 63 pips below its opening price at 1.0221. Read more…

New Zealand Dollar (NZD)

Looks like after Wednesday’s impressive move, the Kiwi bulls took a breather yesterday! The pair consolidated into a range of just over 50 pips, and finished the day at .7779, marking a 30-pip loss for the day. Read more…

Swiss Franc (CHF)

The Swissy bounced off its recent lows, as the franc took a hit thanks to poor economic data. After testing lows around .9070, USD/CHF bounced up to as high as .9192, before settling at .9160, marking a 23-pip gain on the day. 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!