About Pipnoculars

Pipnoculars Author 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.

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Daily Forex Fundamentals - October 3, 2012

What's on the Economic Horizon

Australia prints a wider trade deficit in August
ADP and ISM non-manufacturing PMI reports due today
Moody's delays decision on Spain

U.S. Dollar (USD)

The Greenback's performance was as mixed as a bag of jellybeans yesterday as traders focused on risk appetite in the markets. USD/CHF dropped for a second day in a row, but USD/JPY also rose by 10 pips. What the heck was influencing risk sentiment anyway? Read more...

Euro (EUR)

Phew, that was close! The euro breathed a sigh of relief and managed to end the day higher against the Greenback after Moody's postponed its decision on Spain's credit rating. EUR/USD closed at 1.2918 while EUR/JPY came 8 pips close to the 101.00 handle. Read more...

British Pound (GBP)

The pound began the day with a pretty impressive performance as it constantly stayed above its opening price and climbed to an intraday high of 1.6188. But its inability to hold on to its gains led Cable to close just 5 pips above its opening price at 1.6138. Read more...

Japanese Yen (JPY)

A better-than-expected report? So what? Like its low-yielding comrades, the yen performed with mixed results against its counterparts yesterday. The yen gained on the comdolls, but lost against the other major currencies. Here's how it happened. Read more...

Canadian Dollar (CAD)

Ooh, that burns! The Loonie was unable to hold on to its recent gains against the Greenback as USD/CAD closed in the green yesterday. The pair dipped to a low of .9811 but managed to rally and close at .9844. Read more...

Australian Dollar (AUD)

Geronimoooooooo!!! Just when we thought that we got the RBA all figured out, it pulled a fast one on the markets and surprisingly cut its interest rates. As a result, AUD/USD performed a fantastic dive to the tune of 107 pips all the way to 1.0261. What the heck prompted the rate cut? Read more...

New Zealand Dollar (NZD)

And the Kiwi sell-off continues! NZD/USD gave the .8300 handle another go yesterday but was once again unable to break through the critical resistance level. After struggling to sustain demand above this handle, it slipped back down to record a 17-pip loss at .8265. Read more...

Swiss Franc (CHF)

The Swiss franc may have stolen 17 pips away from the dollar, but it couldn't help but give up 6 pips to the euro. Will we see more mixed results today? Read more...


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