Daily Forex Fundamentals – July 30, 2013

What’s on the Economic Horizon

Spanish GDP and German Gfk on tap for the euro
U.S. consumer confidence to boost the dollar?
Japanese reports surprise to the upside

U.S. Dollar (USD)

And so it begins. The NFP week volatility started off with the Greenback on top of its major counterparts as a strong U.S. report supported an overall risk aversion theme in the markets. EUR/USD and GBP/USD saw losses while USD/JPY and USD/CHF posted gains. Read more…

Euro (EUR)

Uh oh. It looks like the euro wasn’t able to shake off its Monday blues yesterday. The shared currency finished lower against most of its counterparts with EUR/USD down by 21 pips at 1.3266 and EUR/JPY ending 47 pips below its opening price. What happened to all the swag we saw last week? Read more…

British Pound (GBP)

Monday shaped up to be a bad day for the pound. After opening the day at 1.5384 versus the dollar, the pound trickled slowly throughout the day, ending the U.S. trading session at 1.5350. Read more…

Japanese Yen (JPY)

The party continues for the yen bulls as overall risk aversion dragged on the yen crosses. Did Japan’s reports have anything to do with the yen’s performance?! Read more…

Canadian Dollar (CAD)

The Loonie is back in the green! After ending last week’s trading with a loss to the dollar, the comdoll bounced back yesterday. USD/CAD finished the day lower at 1.0260 after starting at 1.0278. Read more…

Australian Dollar (AUD)

The Aussie was one of the biggest losers against the Greenback yesterday after AUD/USD closed 53 pips lower than its open price. And that’s with no data out from Australia! Read more…

New Zealand Dollar (NZD)

After almost two days of consolidation, the Kiwi experienced a nosedive yesterday. It began the day .8080 versus the Greenback but found itself sharply lower by the end of the U.S. trading session. It closed the day 50 pips lower at .8030. Read more…

Swiss Franc (CHF)

Monday turned out to be a painful day for the Swiss franc as it was unable to hold its ground versus the U.S. dollar. The USD/CHF pair began the day at .9283 but ended the U.S. trading session 23 pips higher at .9306. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

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