Daily Forex Fundamentals – March 18, 2013

What’s on the Economic Horizon
Swiss SECO economic forecasts on tap
RBA officials set to testify today

U.S. Dollar (USD)

Wipeout! Most of the Greenback’s recent gains were erased last Friday as EUR/USD rallied to the 1.3100 handle while GBP/USD reached a high of 1.5176. Will we see more dollar weakness this week? Read more…

Euro (EUR)

The euro ended last week strongly, taking EUR/USD to a new intraweek high. The pair traded as high as 1.3108 before it settled 53 pips above its opening price at 1.3058. But it doesn’t seem to be doing to well to start the new week. Find out why! Read more…

British Pound (GBP)

Make that two in a row baby! The pound climbed once again, as it rose 13 pips to finish at 1.5097. Will we see it rise for the third straight day today? Read more…

Japanese Yen (JPY)

After a bit of consolidation above 96.00, USD/JPY crashed all the way down to a low of 95.07 on Friday as a couple of U.S. reports came in worse than expected. The yen also managed to gain against most of its counterparts, such as the euro and pound, before the week came to a close. Read more…

Canadian Dollar (CAD)

Last Friday was a terrific day for the Loonie, which chalked up another impressive win over the Greenback. For the second day in a row, USD/CAD ended lower to greet the weekend 32 pips below its daily opening price at 1.0192. Read more…

Australian Dollar (AUD)

What a huge gap to start the week! AUD/USD rallied on Friday to close above the 1.0400 major psychological level then kicked off this week by opening around 1.0350. What’s in store for the Aussie this week? Read more…

New Zealand Dollar (NZD)

The Kiwi reversed the previous day’s losses, as it took advantage of a strong wave of dollar selling. NZD/USD closed at .8273, marking a 52-pip gain on the day. Read more…

Swiss Franc (CHF)

Now that’s how you end the week with a bang! With the dollar dropping across the board, USD/CHF sank a massive 73 pips to end the day at .9395. What the heck happened? 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!