Daily Forex Fundamentals – February 14, 2013

What’s on the Economic Horizon

BOJ to talk up yen in monetary policy statement?
Euro zone GDP seen at -0.4%
New Zealand retail sales on tap

U.S. Dollar (USD)

The dollar just couldn’t decide where to go yesterday! It lost pips against the Aussie and the Loonie, gained serious ground against the pound, but only chalked up draws against the other major currencies. Which way will it go today? Read more…

Euro (EUR)

It was a ho hum day for the euro yesterday as traders wait for the bigger economic reports on tap later in the week. EUR/USD only rose by 7 pips while EUR/JPY capped the day with a doji. What’s in store for the euro today? Read more…

British Pound (GBP)

Boo hoo! The pound sold off for yet another day, with GBP/USD crashing below the 1.5600 mark and closing at 1.5656 and GBP/JPY ending the day 18 pips below the 145.00 handle. What caused this selloff? Read more…

Japanese Yen (JPY)

Like the calm before the storm, yen pairs hardly budged from their opening prices ahead of today’s BOJ monetary policy meeting. USD/JPY finished 5 pips lower at 93.47 while EUR/JPY just chilled at its opening price of 125.71. Read more…

Canadian Dollar (CAD)

Back-to-back, baby! Though the newswires were silent in Canada yesterday, the Loonie was able to sneak in some pips against the Greenback. USD/CAD slipped by another 10 pips after bottoming out at 1.0013. Read more…

Australian Dollar (AUD)

The Aussie was one of the few currencies that was able to bag a decent amount of pips against the Greenback yesterday. Thanks to a surge in consumer confidence, AUD/USD traded 41 pips higher and finished at 1.0343. Read more…

New Zealand Dollar (NZD)

What a rally by the Kiwi! NZD/USD jumped from its .8404 open price to a high of .8464 during yesterday’s trading before ending the day at .8456. Will it continue to soar higher today? Read more…

Swiss Franc (CHF)

The Swissy tried to hold steady against the Greenback yesterday but ended up lagging a bit behind. USD/CHF opened at .9168, reached a high of .9197, then closed at .9175. What’s in store for the Swissy today? Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

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  • Terence Loo

    Happy Valentine to you too. Enjoy!