Daily Forex Fundamentals – January 6, 2012

What’s on the Economic Horizon?

NFP and U.S. jobless rate reports due at 1:30 pm GMT.
Canada to release its own employment numbers today
Swiss CPI and foreign currency reserves data on tap

U.S. Dollar (USD)

Who’s the king of the forex hills? That’s right, the Greenback is! The dollar showed the markets who’s boss yesterday after it gained sharply against its major counterparts on Read more…

Euro (EUR)

Looks like no one wants their hands on the euro these days! The shared currency was dropped like a hot potato yesterday as investors remained pessimistic over the Read more…

British Pound (GBP)

Despite the release of good economic data, the pound took a beating in yesterday’s trading as risk aversion took over the markets. Lady cable dropped a whopping Read more…

Japanese Yen (JPY)

Once again, the yen’s performance against its counterparts is as crazy as Happy Pip’s new year resolutions. Dollar strength pushed USD/JPY Read more…

Canadian Dollar (CAD)

All was not good in the Loonie’s hood yesterday as it ended up erasing what was left of its big gains from Tuesday. With risk appetite turning sour, Read more…

Australian Dollar (AUD)

With high-yielding assets dropping all over the charts yesterday, you can bet that the Aussie went down with it! AUD/USD slumped almost as soon as the day started, and Read more…

New Zealand Dollar (NZD)

My, my, how things changes quickly in the forex markets! After trading as high as .7900 earlier in the week, NZD/USD now finds itself trading around the Read more…

Swiss Franc (CHF)

Make that two in a room! For the second consecutive day, the franc found itself on the losing end versus the dollar, as USD/CHF rose another 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!