Daily Forex Fundamentals – July 10, 2013

What’s on the Economic Horizon
ECB’s Ultra Easy Policy to Last For More Than A Year?
FOMC Meeting Minutes On Tap!
Mixed Data from China

U.S. Dollar (USD)

Brace yourselves, fellas! The Greenback could continue its wild ride in the forex charts today, as the FOMC meeting minutes are about to be released. So far, EUR/USD has dipped below the 1.2800 handle while GBP/USD is trading around 1.4850. Read more…

Euro (EUR)

That must have hurt! Just like Anderson Silva, the euro got knocked down in yesterday’s trading. EUR/USD fell short of touching the 1.2900, dropping like a rock to finish the day with an 86-pip loss at 1.2786. Meanwhile, EUR/JPY was down 91 pips at 129.18 by the New York session close. Read more…

British Pound (GBP)

Ka-pow! The pound got hit with a triple roundhouse kick yesterday as weak reports from the U.K. inspired a selloff. Cable finished the day with at least an 80-pip loss while GBP/JPY also saw a 53-pip decline. Read more…

Japanese Yen (JPY)

It’s a stalemate! The yen put up a good fight against the U.S. dollar in yesterday’s trading, as USD/JPY struggled to hold on to the 101.00 handle. Against the euro and pound, the yen managed to pocket pretty good gains. What’s in store for yen pairs today? Read more…

Canadian Dollar (CAD)

Way to hustle some muscle! The Loonie is two for two so far this week as it extended its gains against the dollar yesterday. USD/CAD finished lower at 1.0526 after kick-starting the day at 1.0560. Read more…

Australian Dollar (AUD)

The Aussie was pretty stoked yesterday as it managed to catch a good wave against the U.S. dollar. AUD/USD cruised up from the .9100 area to a high of .9199 while AUD/JPY reached the 93.00 level. Can the Australian dollar hold on to its gains? Read more…

New Zealand Dollar (NZD)

trike two for the comdoll bulls! Thanks to an improvement in comdoll appetite, NZD/USD managed to clock in its second positive trading day in a row yesterday as it added 55 more pips to its gains. What’s up with that?! Read more…

Swiss Franc (CHF)

Tuesday was NOT a good day for the franc as it fell against the Greenback and the euro. USD/CHF popped up by another 93 pips while EUR/CHF also inched 35 pips higher. What the heck happened? Read more…

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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!