Daily Forex Fundamentals – January 25, 2012

What’s on the Economic Horizon

FOMC Statement to Rock Markets During NY Session
BOE Meeting Minutes On the Clock
German Ifo Business Climate Report on Tap

U.S. Dollar (USD)

Mixed trading for the scrilla yesterday, which took some bumps and bruises versus the pound and Canadian dollar, but managed to scrape by versus the euro. Now that we’ve actually got some red flags coming up from the United States, what could be in store for the Greenback today? Read more…

Euro (EUR)

Higher and higher it goes! Though the euro lost 8 pips against the dollar, it put up big wins against the yen and the Swissy thanks to strong PMIs! EUR/JPY climbed 93 pips to finish at 101.26 just as EUR/CHF closed at 1.2091 to record a 14-pip gain. When will its rally end? Read more…

British Pound (GBP)

The pound chalked up another day in gains against the Greenback as GBP/USD breached the 1.5600 handle and closed at 1.5619. GBP/JPY also had its share of wins as it successfully cleared the 121.00 hurdle and landed at 121.40. Read more…

Japanese Yen (JPY)

The yen got rejected like a Sega console, letting yen crosses soar up the charts to new highs. EUR/JPY rose another 93 pips to close at 101.26, while GBP/JPY soared 151 pips to finish at 121.40. Read more…

Canadian Dollar (CAD)

Not this time, Loonie! Though Canadian core retail sales clocked in above forecasts, the Loonie was unable to capitalize on the better-than-expected data. As a result, USD/CAD inched up 25 pips from its opening price of 1.0074 to end the day just below the 1.0100 handle. Read more…

Australian Dollar (AUD)

Unlike its comdoll siblings, the Aussie found itself swimming at the bottom of the Great Barrier Reef yesterday. AUD/USD dropped 50 pips from its opening price to finish the day 1.0478. Could this be a sign of more losses for the Australian dollar? Read more…

New Zealand Dollar (NZD)

Ho humm… NZD/USD simply moved sideways yesterday as New Zealand didn’t release any top-tier economic data and risk appetite cooled down. The pair even formed a doji on the daily chart as it closed back at its .8105 open price! Read more…

Swiss Franc (CHF)

It was just one of those choppy days for the Swissy as USD/CHF spiked up and down between the .9250 and .9300 levels. EUR/CHF, on the other hand, traded higher and closed 14 pips up from its 1.2077 open price. 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!

  • Jj_likes_4ndz

    Fed says no rate hikes till the Late end of December.Really they think that i the economy weakens than more easing is possible.Seems like that it’s a trend reversal in USDX as Dollar bears are successfully recruiting more traders to join the bear’s camp.Watch out for more oppurtunities!

  • Ed

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