Daily Forex Fundamentals – November 25, 2011

What’s on the Economic Horizon

Italy to hold another bond auction
New Zealand to conduct Parliamentary elections today
U.S. Treasury currency report due today

U.S. Dollar (USD)

While the American traders were busy filling up their tables with Thanksgiving side dishes, the dollar bears were also cooking up their own feast. Except for the pound, the dollar slipped against its major counterparts yesterday. USD/JPY fell by 26 pips to 77.09, while EUR/USD capped the day Read more…

Euro (EUR)

Just when it seemed that the euro was starting to bounce back, the bears pounced again! EUR/USD retraced to a high of 1.3413 yesterday before dropping back to its recent lows around 1.3315. EUR/JPY even made a Read more…

British Pound (GBP)

The pound produced another terrible performance for the pound yesterday as it posted a new low versus the dollar. GBP/USD ended the U.S. trading session at 1.5498, 19 pips lower from the price level it started that day. Yesterday marked the Read more…

Japanese Yen (JPY)

Unlike the Greenback, the low-yielding yen wasn’t too affected by a covering of short positions during the Thanksgiving holiday. The yen clobbered its major counterparts with EUR/JPY fell by another 27 pips to 102.90, while GBP/JPY plunged to an intraday low of Read more…

Canadian Dollar (CAD)

Way to go, Loonie! Even though risk aversion extended its stay in the markets, the Canadian dollar was able to end with a tiny win against the Greenback yesterday. After opening at 1.0484, USD/CAD dipped to a low of 1.0438 then closed at Read more…

Australian Dollar (AUD)

Looks like the fourth time is the charm for the comdoll! AUD/USD broke its losing streak yesterday on a covering of short positions during the Thanksgiving holiday. The pair reached an intraday high of .9786 before it finished the day Read more…

New Zealand Dollar (NZD)

NZD/USD, which had lost 8 (yes, that’s correct) consecutive days, snapped its losing streak yesterday as it posted a small gain. It ended the U.S. trading session at .7416, 17 pips higher from its opening price that day. It appears that traders are starting to Read more…

Swiss Franc (CHF)

Sideways, shmideways. Due to the absence of high profile economic releases, the Swissy mainly traded in a range yesterday. USD/CHF, for instance, traded within a 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!