Daily Forex Fundamentals – November 26, 2012

What’s on the Economic Horizon

EU Budget Plans Postponed Till 2013
Swiss Employment Figures Due Today

U.S. Dollar (USD)

Were all the U.S. traders off shopping? Because we got a major SALE to end last week! I ain’t talking about Black Friday sales though, I’m talkin’ about the sell-off on the Greenback, baby! Read more…

Euro (EUR)

The euro was a huge hit on Black Friday as euro bulls bought up the currency until EUR/USD closed 29 pips shy of the 1.3000 handle. EUR/JPY also had a stellar rally as it closed more than 40 pips above its 105.79 open price. Read more…

British Pound (GBP)

There goes the 1.6000 handle! For the first time in weeks, GBP/USD ended the day above 1.6000 as risk appetite led price to break above this major psychological level. To end the week on a high note, the pound gained 96 pips against the dollar, taking the pair to 1.6032 before the weekend. Read more…

Japanese Yen (JPY)

There just ain’t no mercy for the yen, is there? Once again, the yen was one of the biggest losers in the forex market, as it dropped for the 9th time in the past 10 trading days. GBP/JPY rose 63 pips to finish at 132.10, while EUR/JPY ended the day at 106.88, up 68 pips from its opening price. Read more…

Canadian Dollar (CAD)

The Loonie had a lot to be thankful for last Friday as it capped the trading week with a strong rally against the Greenback. USD/CAD broke below the .9950 minor psychological support and dipped to a low of .9915, before ending the week at .9927. Read more…

Australian Dollar (AUD)

The Aussie bulls hanged ten on Friday, as they rode a strong wave of risk appetite to end the week. AUD/USD finished 71 pips higher at 1.0458, hitting two-week highs. Could this be the start of a bullish run back up to the 1.0600 handle? Read more…

New Zealand Dollar (NZD)

That broad-based boost in risk appetite last Friday was just what the Kiwi needed to break above .8200! After struggling to cross above the said level for the past two weeks, NZD/USD finally mustered the strength to rally to a new high as it climbed 89 pips to .8241. Will it continue up the charts this week? Read more…

Swiss Franc (CHF)

It looks like the Swissy saved the best for last! After chalking up solid gains against the dollar from Monday through Thursday, it ended the week with its most impressive performance, taking USD/CHF down another 67 pips to .9284. 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!