Daily Forex Fundamentals – June 14, 2013

What’s on the Economic Horizon

Euro zone CPI seen at 1.4%
Canadian manufacturing sales on tap
U.S. to unload more reports before the weekend

U.S. Dollar (USD)

Did someone forget to invite the dollar to the party? All the major currencies and even the S&P500 rallied yesterday, but the poor dollar was left to sit alone in the loser’s corner. What the heck is going on!? Read more…

Euro (EUR)

Keep the pips coming! The euro chalked up another win against the dollar as EUR/USD climbed 27 pips to finish at 1.3360. What fueled its rally? Read more…

British Pound (GBP)

Four in a row, baby! The pound hasn’t scored a loss against the dollar this week. Yesterday, GBP/USD once again finished higher at 1.5700 after opening the day at 1.5679. Will we see a sweep? Read more…

Japanese Yen (JPY)

On a roll, baby! The yen absolutely KILLED it in yesterday’s trading session, as USD/JPY finally broke 95.00, opening the floodgates for all the yen bulls. When will the carnage stop!? Read more…

Canadian Dollar (CAD)

Now that’s how you stage a comeback! After retreating against the Greenback on Wednesday, the Loonie returned with a vengeance to undo all of its losses. At the end of the day, USD/CAD finished 46 pips lower at 1.0167. Read more…

Australian Dollar (AUD)

Surf’s up, baby! The currency waves were favourable to Aussie bulls yesterday, as AUD/USD soared up the charts to finish at .9467, a solid 133 pips above its opening price. Will we see a repeat performance today?! Read more…

New Zealand Dollar (NZD)

Vavavoom! The Kiwi sped up the charts on Thursday, scoring its second consecutive win against the dollar. NZD/USD finally closed above the .8000 handle with a 121-pip win for the day at .8080. Read more…

Swiss Franc (CHF)

Aww, snap! It looks like the franc’s winning streak ends at three. Yesterday, USD/CHF finished higher for the first time this week. The pair started off at .9210, dropped to as low as .9130 only to bounce back and finish the day at .9221. 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!