About Pipnoculars

Pipnoculars Author Every day, I will present to you my findings and daily commentaries on what recently happened in the economic arena, possible shifts in sentiment, economic events to watch out for, and their effects on currencies. This blog, however, is not an economic crystal ball. I am not a fortune teller - I will simply try to piece together some economic updates so I can provide you with my scholarly opinions and analysis on the markets for a ‘sneak preview’ on what lies ahead.

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Daily Forex Fundamentals - January 27, 2012

What's on the Economic Horizon

KOF Economic Barometer on Tap
U.S. 2011 4Q GDP Projected at 3.0%

U.S. Dollar (USD)

Could the dollar's suffering be coming to an end soon? While most of the major currencies posted new high versus the greenback, most of them gave back their gains by the end of the day, and in EUR/USD's case, even allowed the dollar to edge higher. Read more...

Euro (EUR)

Is the euro rally starting to fizzle? After popping higher during the start of the London session, EUR/USD quickly erased its gains and closed 10 pips down from its 1.3113 open price. EUR/JPY also chalked up a losing day as it slipped a couple of pips below the 101.50 handle. Read more...

British Pound (GBP)

Is the pound's rally finally about to come to an end? It posted its 9th straight victory against the dollar yesterday, but it didn't really do it convincingly. GBP/USD rallied to a high 1.5735, but it couldn't keep its head above the 1.5700 handle. It eventually ended the day at 1.5687, up only 18 pips on the day. Read more...

Japanese Yen (JPY)

After taking some bumps and bruises throughout the week, the yen was able to recuperate some of its losses in yesterday's trading action. EUR/JPY topped out just above 102.00 before dropping late in the New York session to close at 101.48. Meanwhile, GBP/JPY dropped 30 pips from its opening price to finish at 121.50. Read more...

Canadian Dollar (CAD)

And parity holds for USD/CAD! But for how long? The Loonie made a strong rally yesterday but quickly reversed during the U.S. session when euro zone debt concerns resurfaced. Still, the Loonie was able to save some of its gains as USD/CAD closed 19 pips down from its 1.0036 open price. Read more...

Australian Dollar (AUD)

Just like its comdoll siblings, AUD/USD soared to new highs versus the dollar early in the trading day, only to give back most of the gains by the time the New York session rolled around. AUD/USD hit a high at 1.0689, but then settled at 1.0621, just 17 pips above its opening price. Read more...

New Zealand Dollar (NZD)

It seems like the Kiwi rally is finally losing steam! After opening at .8179, NZD/USD climbed to a high of .8237, but it eventually slid back down to end the day just 12 pips higher at .8191. Will Kiwi bulls pick up the pace today or will they lie down and submit to the bears? Read more...

Swiss Franc (CHF)

Every pip counts! The Swiss franc was able to pull off wins against both the dollar and the euro yesterday, and though its gains weren't exactly impressive, seeing it rally against its two major counterparts isn't something that happens everyday. It gained 5 pips against the dollar and stole 17 pips away from the euro. 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!

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