Daily Forex Fundamentals – January 12, 2012

What’s on the Economic Horizon

No changes expected in BOE’s rate decision later
U.S. retail sales seen at 0.3% in December
ECB to keep rates on hold?

U.S. Dollar (USD)

Thanks to a cautious market environment yesterday, the Greenback was able to sneak in some pips against its major counterparts. USD/CHF inched higher by Read more…

Euro (EUR)

With Germany showing its willingness to support the euro zone, the euro could have had it all, rolling in the pips in Read more…

British Pound (GBP)

The pound took a major hit across the board yesterday due to rumors that the Bank of England might announce a fresh round of quantitative easing in Read more…

Japanese Yen (JPY)

When investors are focusing on events in the euro zone and the U.S., you can bet that the yen will most likely trade on Read more…

Canadian Dollar (CAD)

Just when the Loonie got its Tim Tebow on, reaching a high of 1.0140 against the dollar, it started to lose its momentum. USD/CAD then Read more…

Australian Dollar (AUD)

Whew, that was close! Just when you thought that the Aussie is headed for the loserville, AUD/USD managed to end the Read more…

New Zealand Dollar (NZD)

Despite an empty economic calendar, the Kiwi managed to post a new 1-month high against the Greenback yesterday. NZD/USD, which began the Read more…

Swiss Franc (CHF)

Even though Switzerland’s forex calendar presented nothing of interest yesterday, the Swissy was still 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!