Daily Forex Fundamentals – November 16, 2011

What’s on the Economic Horizon

U.K. Labor Figures due today
BOJ to release monetary policy statement today
U.S. not expected to sway the Fed from its plans

U.S. Dollar (USD)

Back-to-back, baby! Aside from better-than-expected economic reports coming out from the U.S., concerns on the euro zone economy steered investors to the arms of the low-yielding Greenback. EUR/USD finished the day Read more…

Euro (EUR)

Mamma mia! Once again, the euro crashed and burned on the charts as concerns over Italy intensified. It gave up 96 pips to the dollar as EUR/USD closed at 1.3530. Meanwhile, against the yen, it Read more…

British Pound (GBP)

After days and days of trying, the bears finally managed to break the range and push Cable under the 1.5900 major psychological level. Cable ended the U.S. trading session at Read more…

Japanese Yen (JPY)

For the second day in a row this week, the yen dominated its major counterparts on a combination of better-than-expected economic data from Japan and a rise in risk aversion in the markets. EUR/JPY capped the day with a Read more…

Canadian Dollar (CAD)

With risk aversion back in vogue, currency bears stepped out of hibernation and pounced on higher-yielding currencies such as the Loonie. USD/CAD continued to trade higher yesterday, ending the day Read more…

Australian Dollar (AUD)

Wham, bam, thank you economic data! Okay, that doesn’t make any sense, but the Aussie’s price action does! Though AUD/USD took a hit just like the other comdoll pairs, the Aussie’s losses were limited by Read more…

New Zealand Dollar (NZD)

The Kiwi continued to post new month-to-date lows versus the Greenback yesterday as concerns on euro zone’s political problems and debt woes grow. NZD/USD, which began the day at Read more…

Swiss Franc (CHF)

The Swissy’s trading yesterday was a mixed as a bag of nuts. The currency was able to post a gain versus the euro but lost out against the Greenback. It appears political and debt problems in the euro zone has allowed 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!