Daily Forex Fundamentals – February 19, 2013

What’s on the Economic Horizon

German ZEW Report Due Today
SNB Chairman Jordan Set to Speak

U.S. Dollar (USD)

Except against the Canadian dollar and the pound, the dollar pretty much stayed within range against the rest of the majors. USD/CAD rose 36 pips to finish at 1.0108, while GBP/USD closed at 58 pips lower at 1.5461. Read more…

Euro (EUR)

Uh oh, is the euro in trouble? EUR/USD has been trading cautiously at the start of the week as the pair is treading carefully around the 1.3350 area. EUR/JPY also seems to be undecided where to go as it is tiptoeing around the 125.00 handle. Read more…

British Pound (GBP)

And the slide continues! The pound started the week off on a low note as GBP/USD resumed its decline to post a 48-pip loss on the day. Will we get more of the same today? Read more…

Japanese Yen (JPY)

With some leftover sentiment from the G20 statement still lingering in the markets, yen crosses continued to edge slightly higher. EUR/JPY rose 47 pips to finish at 125.47, while GBP/JPY closed 8 pips higher at 145.31, but not before hitting an intraday high at 145.90. Read more…

Canadian Dollar (CAD)

Oooh, that selloff was nasty yo! After a brief consolidation below 1.0075, USD/CAD suddenly surged to the upside and reached the 1.0120 area. What the heck just happened? Read more…

Australian Dollar (AUD)

With no major waves hitting the market, pip surfing on AUD/USD yesterday was a major buzzkill. The pair remained flat and stayed within range, eventually closing at its daily open price at 1.0296. Will we see more of the same today? Read more…

New Zealand Dollar (NZD)

The Kiwi continued to defy gravity as it held its ground against the Greenback and forced NZD/USD to finish right above the .8450 resistance level with a 7-pip gain on the day. Will it make another push higher today? Read more…

Swiss Franc (CHF)

Looks like the Swissy still hasn’t recovered from its weekend hangover! It barely budged in yesterday’s trading, as USD/CHF finished just 8 pips higher while EUR/CHF inched 13 pips higher. 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!