Daily Forex Fundamentals – February 12, 2013

What’s on the Economic Horizon

U.K. Inflation Rate Expected to Have Remained at 2.7%
Switzerland CPI Figures on Deck

U.S. Dollar (USD)

After last week’s strong moves, it seems that traders have chosen to take a chill pill this week. The U.S. dollar found itself directionless yesterday as it simply traded within tight ranges versus most major currencies. The U.S. dollar index ended the New York trading session at 80.78, barely changed from its opening level at 80.72. Read more…

Euro (EUR)

Phew! Thanks to mixed sentiment from the EU leaders, the euro was able to snap its consecutive losses against its counterparts. EUR/USD ticked 27 pips higher while EUR/GBP enjoyed a nice 91-pip rally. So what spurred on the euro bulls? Read more…

British Pound (GBP)

The pound just can’t get any lovin’, can it? The British currency slipped nearly 1% against the euro during yesterday’s trading while GBP/USD tumbled below the 1.5700 handle. Will the pound continue to sell off today? Read more…

Japanese Yen (JPY)

The Japanese yen suffered a bitter defeat in yesterday’s trading session as Lael Brainard, the U.S. Under Secretary of the Treasury for International Affairs, showed support for Japan’s efforts to boost growth and stoke inflation. As of this writing, USD/JPY is sitting at 94.29, its highest level since May 2010. Read more…

Canadian Dollar (CAD)

Strike three! For the third day in a row, the Loonie ended the day in the red against the Greenback. In fact, USD/CAD shot up to an intraday high of 1.0085 before it capped the day 29 pips higher than its open price. What the heck happened? Read more…

Australian Dollar (AUD)

The AUD/USD has gotten off to a weak start yesterday as it dipped below the 1.0300 level. It’s not trading at 1.0268, a good 50 pips lower from its opening price on Monday. With the pair making a “lower low,” it appears that it’s going to head lower! What’s happening with AUD/USD? Read more…

New Zealand Dollar (NZD)

Phew, that was close! After dipping close to the .8300 mark during yesterday’s trading, NZD/USD managed to bounce right back up and close above the .8350 area, ending the day with a tiny gain. What’s in store for the Kiwi today? Read more…

Swiss Franc (CHF)

The Swissy was able to erase some of its recent losses against the Greenback even after USD/CHF gapped up over the weekend. With the Swiss CPI on tap for today, where could the Swissy be headed? Could we see a break above .9200? 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!

  • Compare Energy

    Where do you see AUDUSD and USDCAD In the coming days