Daily Forex Fundamentals – February 20, 2013

What’s on the Economic Horizon
FOMC meeting minutes due today
U.K. claimant count change at -5.3K in Jan?
Swiss ZEW economic expectations on tap

U.S. Dollar (USD)

Ooh, burn! The U.S. dollar had to give way to most of its major currency rivals during yesterday’s trading as U.S. traders returned from their holiday. EUR/USD made an upside breakout from consolidation and reached the 1.3400 mark while USD/JPY slid down to the 93.50 level. Read more…

Euro (EUR)

If there’s anything we learned from yesterday’s trading, it’s that you can never count the euro out! After two days of standing still, the markets breathed life back into the shared currency, pushing it 37 pips up against the dollar and 45 pips higher against the pound. Read more…

British Pound (GBP)

And the losses keep mounting! For the 5th time in the past six days, GBP/USD dropped, as the pair closed 37 pips lower at 1.5424. When will the bleeding stop?! Read more…

Japanese Yen (JPY)

The Japanese yen edged slightly higher against most of its major counterparts during yesterday’s trading as USD/JPY dipped to the 93.50 area while GBP/JPY reached 144.00. Can the yen hold on to its gains for today? Read more…

Canadian Dollar (CAD)

USD/CAD may have been able to extend its rally to a third day, but it barely did so. After an entire day of trading, the pair finished just 11 pips higher at 1.0120. Are Loonie sellers finally running out of gas? Read more…

Australian Dollar (AUD)

Surf’s up, mate! The Australian dollar caught a fresh wave of rallies during yesterday’s trading as AUD/USD cruised up to the 1.0360 area. Does this signal a start of a new uptrend? Read more…

New Zealand Dollar (NZD)

What a comeback for the Kiwi, baby! After hitting an intraday low at .8404, the Kiwi came roaring back, as NZD/USD ended the day at .8483, up a decent 31 pips from its opening price. Will we see more buying today? Read more…

Swiss Franc (CHF)

Pretty quiet day for the Swissy, as it pretty much stuck within its daily range. USD/CHF eventually closed the day just 5 pips below its opening price, finishing at .9231. 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!

  • Jason

    Please post the link for the Loonie!