Daily Forex Fundamentals – November 27, 2012

What’s on the Economic Horizon
U.S. durable goods orders to decline in Oct?
U.K. revised Q3 GDP due today

U.S. Dollar (USD)

The Greenback’s performance was as mixed as a bag of nuts as it ended higher against the pound and Loonie, closed lower than the Kiwi and yen, and had a stalemate with the Aussie and euro. Will it be able to find a clearer direction today? Read more…

Euro (EUR)

Not much action on euro pairs to start the week. While traders awaited the official decision on Greece’s debt deal, the shared currency showed little activity and spent most of the day trading sideways. In fact, at the end of the day, EUR/USD finished right where it began at 1.2961. Read more…

British Pound (GBP)

With no data on tap, GBP/USD pretty much stuck within range to start the week. After trading as low as 1.5996 , GBP/USD eventually closed at 1.6017, down just 12 pips from its opening price. Read more…

Japanese Yen (JPY)

The Japanese yen did a Chumbawamba yesterday as it got knocked down but got up again, even managing to end the day higher against its major counterparts! USD/JPY dipped below the 82.00 handle then closed at 82.17 while EUR/JPY snapped its losing streak and ended the day at 106.50. Read more…

Canadian Dollar (CAD)

Looking at USD/CAD, you’d think that nothing important happened in Canada yesterday… but boy would you be wrong! The pair closed just 9 pips above its opening price at .9938, but the big news is that BOC Governor Mark Carney was named the next BOE Governor. Yowza! Read more…

Australian Dollar (AUD)

It’s a standoff, ladies and gents! The Australian dollar refused to give way to the U.S. dollar in yesterday’s trading, causing AUD/USD to close right where it opened at 1.0458. Which way could it go today? Read more…

New Zealand Dollar (NZD)

Just like the rest of the comdolls, NZD/USD trading was pretty much subdued, as we didn’t get see any rim-rocking news yesterday. Could that all change today? Read more…

Swiss Franc (CHF)

Looks like USD/CHF traders had the Monday blues, as we barely saw any movement on the Swissy! The pair traded within a range of just 25 pips, finishing at .9288, just 4 pips lower on the day. Could we see more the same today? 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!