What's on the Economic Horizon
USD/JPY below 80.00. BOJ ready to intervene again?
U.S. crude oil inventories on tap
U.S. Dollar (USD)
The U.S. dollar continued to take advantage of risk aversion in yesterday's trading while higher-yielding currencies lost ground. EUR/USD tested the 1.3000 handle again and dipped to a low of 1.2982 while GBP/USD struggled to hold on to the 1.6150 minor psychological level. Read more...
Yowza! The political uncertainty in Europe really did a number on the euro as the currency erased all of its gains from Monday. Surprisingly, both EUR/USD and EUR/JPY slid 45 pips lower yesterday! And who do we have to blame for the bearish sentiment for the euro? Greece! Read more...
British Pound (GBP)
Looks like Monday was just a one day breather for Lady Cable! The pound resumed its losing ways yesterday, as GBP/USD dropped 39 pips from its opening price to finish at 1.6155, basically give back all of Monday's gains. Read more...
Japanese Yen (JPY)
What a strong run by the yen! The Japanese currency was able to benefit from risk aversion yesterday as it outpaced the higher-yielding currencies. EUR/JPY dipped below the 104.00 handle and closed 11 pips below it while GBP/JPY ended the day right at the 129.00 mark. Read more...
Canadian Dollar (CAD)
Score another one for the bears! They were in complete control of the Canadian dollar yesterday as they rode the tides of risk aversion and carried USD/CAD higher. As a matter of fact, the pair didn't move much below its opening price and began its rally early in the day to end 54 pips higher at .9984. Read more...
Australian Dollar (AUD)
The Aussie had a bad day yesterday as it lost ground against the U.S. dollar and the Japanese yen. AUD/USD closed at 1.0112 while AUD/JPY ended the day at 80.74. Will it be able to recover today? Read more...
New Zealand Dollar (NZD)
Where all them Kiwi bulls at? Definitely not at their trading desks, cause Kiwi has come crashing down! For the sixth time in the past seven trading days, NZD/USD has finished in the red, this time closing 72 pips lower at .7875. When will the bleeding stop? Read more...
Swiss Franc (CHF)
Ha, so much for follow through! After making a nice comeback late on Monday, the franc gave back its gains versus the dollar as USD/CHF closed at .9231, up 30 pips from its opening price. Read more...
Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.
Head on to Big Pippin's Daily Chart Art for some pip-locking technical setups!
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