About Pipnoculars

Pipnoculars Author Every day, I will present to you my findings and daily commentaries on what recently happened in the economic arena, possible shifts in sentiment, economic events to watch out for, and their effects on currencies. This blog, however, is not an economic crystal ball. I am not a fortune teller - I will simply try to piece together some economic updates so I can provide you with my scholarly opinions and analysis on the markets for a ‘sneak preview’ on what lies ahead.

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June 2012

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Daily Forex Fundamentals - June 18, 2012

What's on the Economic Horizon
Latest Greek Elections Yields A Clear Winner
G20 Meetings Begin Today

U.S. Dollar (USD)

That's gotta hurt! The Greenback suffered a triple roundhouse kick against its counterparts last Friday as traders reacted to weak economic data. USD/JPY plummeted by 68 pips, while Cable shot up by 142 pips. Thing is, the U.S. data wasn't the only wet blanket for the dollar bulls. Read more...

Euro (EUR)

The Greek elections are finally over! It seems like the markets are taking the election results well as EUR/USD gapped higher over the weekend and opened at 1.2700 while EUR/JPY kicked the week off at 100.04. How exactly did those elections turn out? Read more...

British Pound (GBP)

"Victory" cried the bulls last Friday as they were able to drive Cable of its ascending triangle formation. Cable broke past the 1.5600 major resistance level to close the U.S. trading session 142 pips higher at 1.5701. Read more...

Japanese Yen (JPY)

Nothing to see here! Despite an interest rate decision by the BOJ, the yen traded in its usual mixed fashion against its counterparts. USD/JPY suffered a 68-pip drop, but GBP/JPY enjoyed a nice 123-pip rally from its intraday low. What the heck did the BOJ say anyway? Read more...

Canadian Dollar (CAD)

Despite weaker than expected economic data from Canada, the Loonie was able to chalk up another day of gains against the Greenback on Friday and USD/CAD even gapped lower over the weekend. Will the Canadian dollar be able to hold on to its recent gains? Read more...

Australian Dollar (AUD)

Mother of breakouts! No data was released from Australia last Friday, but positioning ahead of the "Greekend" and a breakout above parity pushed AUD/USD to close at 88 pips higher at 1.0087. Read more...

New Zealand Dollar (NZD)

That makes it two in a row! For the second straight day last Friday, the Kiwi was able to post significant gains versus the safe haven Greenback. NZD/USD closed the U.S. trading session at .7894, 81 pips higher from its opening price that day. Read more...

Swiss Franc (CHF)

Thanks to the overall dollar weakness due to QE3 speculations and disappointing data from the U.S., the franc was able to stage a stellar performance last Friday. USD/CHF, which began the day at .9519, ended the U.S. trading session at .9489. 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!

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