Every day, I will present to you my findings and daily commentaries on what recently happened in the economic arena, possible shifts in sentiment, economic events to watch out for, and their effects on currencies. This blog, however, is not an economic crystal ball. I am not a fortune teller - I will simply try to piece together some economic updates so I can provide you with my scholarly opinions and analysis on the markets for a ‘sneak preview’ on what lies ahead.
What's on the Economic Horizon
October NFP Top Expectations
Australia's Trade Deficit Narrows in September
U.S. Dollar (USD)
The dollar was a blockbuster hit on the charts last Friday like the new Bond Movie, Skyfall. It scored wins across the board, gaining 109 pips from the euro, 63 pips from the Aussie, and 27 pips from the yen. Read more...
Euro (EUR)
The market pulled the rug out from under the euro last Friday as the shared currency came crashing down right before the weekend. EUR/USD recorded its biggest loss since July, diving down 109 pips to greet the weekend at 1.2831. Read more...
British Pound (GBP)
Talk about a bloodbath! The pound took a beating on Friday, as risk aversion swept through the markets during the New York session. GBP/USD dropped 106 pips to finish at 1.6018, while GBP/JPY closed 42 pips lower at 128.83. Read more...
Japanese Yen (JPY)
Oh well! You win some, you lose some. While EUR/JPY finished the day 54 pips lower at 103.20 as well as GBP/JPY which was down 42 pips at 128.83, the yen failed to end its losing streak against the dollar. USD/JPY continued to rally higher, finishing Friday's trading at 80.43. Read more...
Canadian Dollar (CAD)
There's always an exception to the rule, and last Friday, it was the Loonie! The Canadian currency was the only major currency that gained ground against the Greenback, as it managed to end the day 12 pips higher. Read more...
Australian Dollar (AUD)
After scoring three straight wins against the dollar, the Aussie finally wiped out in yesterday's trading. AUD/USD finished the day lower at 1.0336 after opening at 1.0399. Read more...
New Zealand Dollar (NZD)
The Kiwi joined the other comdolls and higher-yielding currencies last Friday, as it got side tracked and ended the week with a loss. NZD/USD finished 26 pips below its opening price to end at .8242. Read more...
Swiss Franc (CHF)
With the Greenback on a roll, there wasn't much that the Swissy could do last Friday. USD/CHF soared higher, testing as high as the .9400 psychological handle. The question is, can the franc bounce back or is will the losing continue? 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!
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- Daily Forex Fundamentals - February 18, 2013 21:27 17 February 2013
