What's on the Economic Horizon
RBA to keep rates on hold at 4.75%
Big Ben to talk about economic outlook and monetary policy today
U.S. Dollar (USD)
Thanks to a strong case of risk aversion, the U.S. dollar scored gains against most of its major counterparts, except for the Japanese yen. EUR/USD tumbled to the 1.3200 area while USD/CHF soared past .9200. Can the Greenback continue to benefit from the flight to safety today? Read more...
Wave after wave after wave! The headaches just keep coming for the euro as Greek woes continued to batter the shared currency. With so much uncertainty surrounding the euro zone debt situation, traders took it upon themselves to sell EUR/USD, which finished almost 200 pips lower at 1.3396. Bummer! Read more...
British Pound (GBP)
No thanks to risk aversion, the pound fell against its major counterparts despite a positive report from the U.K. The pound lost 142 pips against the yen and 100 pips against the Greenback, but it also gained 34 pips on the euro. Read more...
Japanese Yen (JPY)
They got nothing on yen, baby! The Japanese currency managed to win against all its rivals yesterday as risk aversion loomed over the markets. USD/JPY dropped from its 77.04 open price to close at 76.61 while EUR/JPY tumbled to the 101.00 area. How will the yen pairs behave today? Read more...
Canadian Dollar (CAD)
With no economic releases to give it direction, the Canadian dollar just went with the flow yesterday and ended lower as risk aversion swept the markets. As a result, USD/CAD hit a new one-year high and finished 14 pips higher at 1.0512. Read more...
Australian Dollar (AUD)
Today's a big day for the Aussie because the RBA is set to make its much-awaited monetary policy decision. Yesterday, the Australian dollar lost ground to its safe-haven counterparts with AUD/USD closing 105 pips below its .9668 open price and AUD/JPY ending 26 pips above the 73.00 handle. How will it fare today? Read more...
New Zealand Dollar (NZD)
For the fourth day in a row, the Kiwi failed to get some lovin' from the currency bulls as risk aversion and poor economic data teamed up against the comdolls. NZD/USD fell to a fresh six-month low at .7608 before it closed 66 pips lower than its open price. Read more...
Swiss Franc (CHF)
While the high-yielding currencies were taking a tumble, the franc was chillin' like ice cream fillin' in the charts yesterday. And to think that Switzerland clocked in disappointing economic reports yesterday! EUR/CHF slipped by 15 pips to 1.2143, while USD/CHF edged 83 pips higher to .9196. Read more...
Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.
Head on to Big Pippin's Daily Chart Art for some pip-locking technical setups!
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