Daily Forex Fundamentals – December 21, 2011

What’s on the Economic Horizon

BOJ scheduled to announce monetary policy for December
MPC minutes on tap
Will the U.S. existing home sales disappoint?

U.S. Dollar (USD)

So much for a putting an end to the dollar’s losses! Thanks to better-than-expected economic data from the U.S., the high-yielding currencies gained ground against the Greenback. The dollar bears were able to Read more…

Euro (EUR)

Way to go, euro! EUR/USD burst out of consolidation and rallied past the 1.3100 handle yesterday as traders’ risk sentiment improved. EUR/JPY had its share of gains as it Read more…

British Pound (GBP)

Yowza! Did you see the pound bust a move yesterday? It marched up the charts like a boss! Taking full advantage of yesterday’s risk rally, it managed to gain Read more…

Japanese Yen (JPY)

With currency bears all coming back with a vengeance, the low-yielding yen didn’t stand a chance against its major counterparts! Poor economic data from Japan as well as strong Read more…

Canadian Dollar (CAD)

Oh, what a rally! The Loonie had a blast yesterday as risk appetite popped its head back in the markets. USD/CAD dipped to a low of 1.0263 before closing at Read more…

Australian Dollar (AUD)

Up, up, and away! Thanks to a surge in risk appetite, AUD/USD broke above parity like it was bullet on tissue paper, and ended the day Read more…

New Zealand Dollar (NZD)

Kiwi bulls must be celebrating after seeing the Kiwi put up an excellent performance yesterday. With risk appetite urging buyers on, Read more…

Swiss Franc (CHF)

The Swiss franc pulled a Dr. Jekyll and Mr. Hyde yesterday as it put up mixed results. On one hand, it gained ground against the dollar as USD/CHF 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!

1 comment

  1. Thomas B. Higgins

    This is all history now, but whatever happened to the Indian Rupee, South African Rand and Brazilian Real on this day, dropping as they did?

    Reply

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