Daily Forex Fundamentals – January 15, 2013

What’s on the Economic Horizon

U.K. Inflation Numbers Due Today
U.S. Retail Sales Expected to Print Strong Figures

U.S. Dollar (USD)

The dollar bulls must have gotten the rest that they need because they certainly were energized yesterday! Except for the euro and the comdolls, the dollar’s major counterparts had nothing on the Greenback’s strength. USD/CHF shot up by 91 pips while USD/JPY inched another 14 pips higher. Read more…

Euro (EUR)

Make that three in a row! The euro extended its gains against the dollar for another day as EUR/USD reached a high of 1.3404 before closing at 1.3379. EUR/JPY had its share of gains as it ended the day at 119.60. Read more…

British Pound (GBP)

With no releases from the U.K., the pound struck out once again in yesterday’s trading session as was unable to hold its ground versus other major currencies. GBP/USD, for one, dropped like a fly to 1.6087 from 1.6129. Meanwhile, EUR/GBP skyrocketed to .8317 from .8281. Read more…

Japanese Yen (JPY)

The yen plunged deeper in the world of hurt yesterday when it continued to drop against its major counterparts. USD/JPY jumped by another 14 pips while EUR/JPY gained another 40 pips. What the heck is driving the yen bears?! Read more…

Canadian Dollar (CAD)

Quite a topsy-turvy way to start the week for the Loonie! The Canadian currency managed to sneak in some gains against the Greenback but not without USD/CAD spiking to a high of .9867. Towards the end of the U.S. session, the pair slid back down and ended the day at .9838. Read more…

Australian Dollar (AUD)

Surf’s up, mates! AUD/USD was able to recover some of its Friday losses yesterday despite the release of weak Australian data. The pair even tipped an intraday high of 1.0578 before it closed 24 pips higher than its open price. Read more…

New Zealand Dollar (NZD)

Thanks to the overall positive market sentiment, NZD/USD was able to recover majority of its losses from last week. The pair, after falling to .8363 early on, saw itself flying as high as .8431 during the European trading session. At the end of the day, NZD/USD sat at .8408, which was a respectable 29 pips higher from its open. Read more…

Swiss Franc (CHF)

While other currencies were able to beat the living daylights out of the safe haven U.S. dollar, the Swiss franc found itself actually selling-off in yesterday’s trading session. USD/CHF was at .9219 by the end of the U.S. trading session, a good 91 pips higher from its open. The Swiss franc also suffered versus the euro as EUR/CHF was bought up to 1.2333 from 1.2191. Read more…

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