Daily Forex Fundamentals – February 15, 2013

What’s on the Economic Horizon

BOJ Keeps Rates and Asset Purchases Steady
U.K. Retail Sales Due Today
G20 Meeting Starts Today

U.S. Dollar (USD)

The yen and the Kiwi were the only major currencies that survived in the dollar domination that took place in the markets. EUR/USD and GBP/USD both dropped by more than 50 pips while USD/CHF shot up by 51 pips. What the heck happened? Read more…

Euro (EUR)

Ooh, that’s gotta hurt! EUR/USD crashed below the 1.3400 handle during the London session while EUR/JPY tumbled to the 124.00 mark after the euro zone released its GDP reports. Let’s take a look at the numbers to see the damage. Read more…

British Pound (GBP)

Risk sentiment seems to be the main driving force behind the pound’s price action once again. Yesterday, disappointing GDP data from the euro zone couldn’t help but hurt risk appetite in the forex market and taken down GBP/USD. The currency pair fell to 1.5485 from its day open price at 1.5543. Read more…

Japanese Yen (JPY)

The yen bulls finally got to stretch yesterday as they pushed the currency higher against the dollar, pound, and the euro. Does this have something to do with the BOJ’s interest rate decision? Read more…

Canadian Dollar (CAD)

USD/CAD was still stuck in consolidation but managed to edge slightly lower during the U.S. session. The pair moved sideways along the 1.0015 area then dipped to parity for a while. Will this pair break out anytime soon? Read more…

Australian Dollar (AUD)

Thanks to a positive inflation report, the Aussie was able to sneak in some pips on the Greenback. AUD/USD ticked 11 pips higher after hitting an intraday high of 1.0362. Read more…

New Zealand Dollar (NZD)

NZD/USD’s on fire! Boosted by extremely good data, the pair has been performing magnificently in the last 24 hours. It’s currently trading at .8514, more than a hundred pips higher from where it was during yesterday’s Tokyo session. Read more…

Swiss Franc (CHF)

As usually, just like its best buddy the euro, the franc found itself losing out versus the safe haven dollar yesterday. USD/CHF ended the day .9227, 51 pips higher from its opening price during the Asian session. Read more…

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

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Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!