Daily Forex Fundamentals – February 22, 2013

What’s on the Economic Horizon?

Fed Officials to Drop Hints on Monetary Policy?
RBA Governor Stevens Boosts AUD
German Ifo Business Climate on Tap

U.S. Dollar (USD)

You win some, you lose some. Yeah, that pretty much describes the dollar’s performance in yesterday’s trading. While it was able to tap a one-month high against the euro at 1.3161 and extend its gains, it closed the day with losses against the yen and the Aussie. Read more…

Euro (EUR)

The euro crashed and burned in yesterday’s trading as ugly PMI figures shot the shared currency down. After an entire day of trading, EUR/USD found itself 113 pips lower at 1.3171. Read more…

British Pound (GBP)

Could this be the end of the line for the pound bears? After hitting an intraday low at 1.5132, GBP/USD came roaring back to finish at 1.5240, just 5 pips below its opening price. Could this set the stage for a Friday rally for the bulls? Read more…

Japanese Yen (JPY)

Scoring wins against most of its counterparts, I’d say the yen had a good day yesterday. GBP/JPY was down at 141.90 from 143.04 by the end of the New York session. USD/JPY also finished lower by 71 pips at 93.12 as well as EUR/JPY closing 204 pips lower at 122.61. Read more…

Canadian Dollar (CAD)

Another day, another loss! The Loonie extended its losing streak to a fifth straight day as USD/CAD inched 12 pips higher to close at 1.0194. What fueled the selloff this time? Read more…

Australian Dollar (AUD)

Boring! Without any market-moving report from the U.S. and Australia, price action on AUD/USD in yesterday’s trading was nothing short of being a snoozer. The pair just consolidated around the 1.0250 minor psychological handle before finishing the day with a 12-pip loss at 1.0234. Read more…

New Zealand Dollar (NZD)

With no hard data on the docket, Kiwi volatility screeched to a halt, as it remained in a tight range yesterday. By the end of the day, the pair was trading at .8326, down 18 pips from its opening price. Read more…

Swiss Franc (CHF)

Tough luck for the franc yesterday! With the dollar on a roll, USD/CHF rose another 38 pips to close at .9318. Will we see a Friday comeback or is the Swiss franc headed for three losses in a row? 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!

  • papi13

    thank you for your help, 1st time getting positifs pips on eur/us, it has been very difficult for me to follow your school, i diddnt finished yet but i will , Frenchie