Daily Forex Fundamentals – June 21, 2013

What’s on the Economic Horizon?

U.K. to Print Its Public Borrowing Numbers
Canada’s Retail Sales and CPI Reports on Tap

U.S. Dollar (USD)

Boo yeah! The Greenback showed the major currencies who’s boss, as it chalked up back-to-back wins. USD/JPY jumped to a high of 98.28 before closing at 97.01 while EUR/USD dipped to a low of 1.3161. Will the dollar end the week on top? Read more…

Euro (EUR)

Geronimooo!!! The euro fell heavily against its counterparts yesterday as risk aversion and concern for the region hit the markets. EUR/USD dropped to an intraday low of 1.3161 while EUR/GBP fell by a whopping 136 pips. Read more…

British Pound (GBP)

What a cliffhanger! The pound hung on for dear life in its battle against the dollar, and at the end of the day, it managed to finish practically unchanged. GBP/USD traded as low as 1.5414 before the pound made its comeback to bring price back up to 1.5488, down just 3 pips on the day. Read more…

Japanese Yen (JPY)

Well you can’t win ’em all, can you? The Japanese yen was able to outpace some of its major currency rivals, but it ended the day lower against the U.S. dollar, euro, and pound. USD/JPY closed at 97.01 while AUD/JPY ended up at 89.45. Read more…

Canadian Dollar (CAD)

Like most of its comdoll buddies, the Loonie got the short end of the stick in yesterday’s trading. It lost heavily against its counterparts with USD/CAD popping up 101 pips higher than its open price. What the heck happened?! Read more…

Australian Dollar (AUD)

Guess who has a huge letter L on its forehead? Yep, that’s right, it’s the Aussie! AUD/USD slipped below the .9300 major support level yesterday while AUD/JPY tumbled below the 90.00 handle. What the heck happened?! Read more…

New Zealand Dollar (NZD)

Kiwi bears have taken over… again! For the fifth day in a row, they took NZD/USD lower, forcing it to close at .7752 to record a 136-pip loss on the day. It’s at levels we haven’t seen in over two years, homies! Read more…

Swiss Franc (CHF)

Talk about turning the tables! Buyers seized control of the Swissy yesterday, as they took USD/CHF 20 pips lower while dragging EUR/CHF down by 86 pips. 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!