Daily Forex Fundamentals – March 15, 2012

What’s on the Economic Horizon

Improvement in Philly Fex Index?
SNB Interest Rate Decision on Deck

U.S. Dollar (USD)

Ready to head up to the club? The scrilla’s buying! And why not? It just posted impressive gains versus the euro, Australian dollar, and the yen. Can the dollar continue to dominate? Or will the party be coming to an end soon? Read more…

Euro (EUR)

The euro extended its losses against the Greenback as EUR/USD edged closer to the 1.3000 handle. EUR/JPY, on the other hand, chalked up another day in gains as it closed 12 pips above the 109.00 mark. Will the euro be able to find a clearer direction today? Read more…

British Pound (GBP)

Worse-than-expected employment data may have kept the pound from rising against the dollar, but the British currency defied gravity against the yen! While Cable inched 30 pips down to 1.5675, Guppy flew up 98 pips to forge a fresh high at 131.25. Crazy! Read more…

Japanese Yen (JPY)

It was another day of losses for the yen, as USD/JPY and the yen crosses continued to climb up the charts. Will the yen’s misery continue today or are we about to see a midweek reversal? Read more…

Canadian Dollar (CAD)

Ho humm… USD/CAD’s range-bound movement continued yesterday as the pair stayed stuck between the .9900 and .9950 levels. Let’s find out if there are any catalysts for a potential breakout today. Read more…

Australian Dollar (AUD)

Wiped out! That’s what happened to the Aussie yesterday! Thanks to another impressive rally by the U.S. dollar, AUD/USD took a dip in the deep end, falling nearly 100 pips to finish at 1.0454. Read more…

New Zealand Dollar (NZD)

So much for Tuesday’s range! After a relatively uneventful Tuesday, NZD/USD got its groove on as it broke to the downside with a 139-pip slide down the chart! What the heck happened?! Read more…

Swiss Franc (CHF)

Weeeeeeee! Swissy bears must have been screaming with joy as the Swiss currency extended its slide yesterday. Against the dollar, it lost another 75 pips as USD/CHF closed at .9306. Meanwhile, EUR/CHF continued its march up the charts as it rallied 51 pips to 1.2129. Can we expect more of the same today? 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!