Daily Forex Fundamentals – January 30, 2013

What’s on the Economic Horizon
U.S. ADP report, advance GDP, and FOMC statement on tap
Spanish GDP to show 0.6% contraction
Kiwi to boogie to RBNZ rate decision

U.S. Dollar (USD)

The dollar bears are at it again! Yesterday’s risk rally left the dollar at the bottom of the dog pile as it lost pips against ALL of its major counterparts. Will today’s big events help it recover some of its losses? Read more…

Euro (EUR)

Boomshakala! Just like that, EUR/USD is now threatening the 1.3500 handle! Will the bulls have enough momentum to break through the key psychological level? Read more…

British Pound (GBP)

After posting losses to its counterparts one day after another, the pound was finally able to take a breather from the bears’ advances. GBP/USD finished yesterday’s trading at 1.5760 after opening at 1.5696. Meanwhile, GBP/JPY was up 53 pips at 142.95 by the end of the New York session. Read more…

Japanese Yen (JPY)

Boooring! We didn’t get much action from the yen yesterday; USD/JPY just traded near its recent highs, finishing the day just 3 pips lower at 90.71. Let’s see if action will pick up today! Read more…

Canadian Dollar (CAD)

Churn em’ and burn em’, baby! Just like its comdoll siblings, the Canadian dollar torched the Greenback in yesterday’s trading session. USD/CAD dropped 41 pips to finish the day at 1.0023. Is parity next? Read more…

Australian Dollar (AUD)

Aussie, Aussie, Aussie, Oi, Oi, Oi! The markets cheered the Australian dollar on yesterday, bringing AUD/USD up from its opening price of 1.0415 to 1.0464. Will they continue to support it today? Read more…

New Zealand Dollar (NZD)

And the losing streak ends at 3! The Kiwi was finally able to finish a day in the green against the dollar yesterday. NZD/USD was up at .8377 by the New York session close after starting the day at .8324. Read more…

Swiss Franc (CHF)

The Swiss franc has got swag! Well, at least in yesterday’s trading. USD/CHF finished the day lower at .9220 after opening at .9263. Boo yeah! 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!