Daily Forex Fundamentals – March 19, 2013

What’s on the Economic Horizon

U.S. Housing Starts and Building Permits Due Today
U.K. Inflation Seen at 2.8%?
German ZEW Expected To Print at 47.9

U.S. Dollar (USD)

What a crazy start to the week! With all the hoopla surrounding Cyprus, dollar pairs pretty much stuck in consolidation as nobody is quite sure what will happen next. EUR/USD closed at 1.2931, down 7 pips from its opening price, while GBP/USD finished 23 pips lower at 1.5096. Read more…

Euro (EUR)

It may already be Spring but there weren’t any chirping birds, blossoming flowers, or a warm ray of sunshine for the euro in yesterday’s trading. Instead, a cloud of uncertainty hung over the shared currency, its outlook as gloomy as a cold November night. Read more…

British Pound (GBP)

Reeeewind! After gapping up 22 pips to start the week, GBP/USD slid back down to end the day near last Friday’s close. The pair had opened at 1.5119, but it eventually settled at 1.5096. Read more…

Japanese Yen (JPY)

Talk about a change of heart! After gapping down to start the week, EUR/JPY and GBP/JPY recovered yesterday, nearly filling the gap. EUR/JPY closed 101 pips higher at 123.14, while GBP/JPY ended at 143.73, up 104 pips on the day. Read more…

Canadian Dollar (CAD)

Slow and steady was the way of the Loonie in yesterday’s trading. The dollar had the upper hand in the earlier part of the day as USD/CAD tapped an intraday high of 1.0252. But the comdoll was able to put its A-game on during the New York session, closing with a 3-pip gain at 1.0222. Read more…

Australian Dollar (AUD)

Make that another day in the green for the Aussie! Despite a poor start to the week, AUD/USD rallied hard yesterday, as it eventually made its way to Friday’s highs. By the end of the day, AUD/USD was trading at 1.0392, up 33 pips from its opening price. Read more…

New Zealand Dollar (NZD)

After gapping down 42 pips against the Greenback to start the week, the Kiwi spent the rest of the day clawing back against its American counterpart. In the end, it managed to close 15 pips above its opening price at .8246. Read more…

Swiss Franc (CHF)

The Swissy put the hurt on the euro yesterday to push EUR/CHF 63 pips below last Friday’s close. But against the dollar, it took a beating as USD/CHF ended the day 39 pips above Friday’s close. Where is the Swissy headed today? Read more…

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Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!