Daily Forex Fundamentals – October 3, 2013

What’s on the Economic Horizon

U.S. Government Shutdown Reaches Second Day
U.K. Services PMI to Disappoint?
Spanish and Italian PMIs Due Today

U.S. Dollar (USD)

The dollar did a Limp Bizkit and kept rollin’, rollin’, rollin’ down the charts yesterday as disappointing data encouraged dollar aversion. EUR/USD and GBP/USD both jumped while USD/JPY and USD/CHF both fell by at least 30 pips. Read more…

Euro (EUR)

Eat my dust! EUR/USD zoomed up the charts and screeched to a high of 1.3608 in yesterday’s trading while EUR/JPY cruised above the 132.00 mark. What’s fueling the euro’s rally and will it be able to last? Read more…

British Pound (GBP)

After dipping to a low of 1.6163, Cable is back to its rallying ways. The pair simply made a quick pullback then resumed its northbound course, as it drove to a high of 1.6252 later on. GBP/JPY, on the other hand, was unable to make any headway past the 156.00 handle. Read more…

Japanese Yen (JPY)

Ding ding ding ding! The yen hit a jackpot against its major counterparts yesterday as investors reacted to Prime Minister Shinzo Abe’s speech. EUR/JPY got away with only a 9-pip scratch, but USD/JPY, GBP/JPY, and AUD/JPY show deeper losses. Read more…

Canadian Dollar (CAD)

Chop, chop, chop! USD/CAD’s price action was choppy as usual, with the pair slowly inching up to the 1.0350 minor psychological resistance yesterday. It seems that the battle between Loonie bulls and bears is heating up. Could USD/CAD make a breakout today? Read more…

Australian Dollar (AUD)

The Aussie started the day on the wrong side of the charts as weak Australian data weighed on the comdoll. Luckily, dollar aversion loomed over the markets later in the day. What happened to AUD/USD then? Read more…

New Zealand Dollar (NZD)

Somebody’s being fickle! NZD/USD was already headed south during the Asian session but it suddenly changed its mind and made a quick U-turn upon reaching the .8200 level. From there, NZD/USD traveled north and tested its previous day highs around .8300. What was that all about? Read more…

Swiss Franc (CHF)

Who ya callin’ a loser, punk? The Swiss franc showed the U.S. dollar who’s boss, pushing USD/CHF from a high of .9078 to a low of .8994. EUR/CHF, on the other hand, was stuck in its usual range around the 1.2250 area. Can the franc keep rallying 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!

  • Yasin Kizza

    Everytme I look at your fundamentals they are for yesterday how do i get todays
    Or for the current day!