What's on the Economic Horizon
U.S. Dollar (USD)
Ka-boooom!!! Obama wasn't the only one who received thumbs down yesterday as the Greenback also tanked against its counterparts. EUR/USD shot up by 116 pips while USD/CHF plunged by 82 pips. What the heck happened to the scrilla? Read more...
Even though several market watchers expected the ECB decision to be bearish for the euro, EUR/USD and EUR/JPY proved them wrong as both pairs caught some solid gains yesterday. EUR/USD broke above the 1.2950 minor psychological resistance and closed at 1.3019 while EUR/JPY landed above 102.00. Read more...
British Pound (GBP)
Out of the way! Pound bulls charging through! GBP/USD finished the day 119 pips above its opening price at 1.6191. Meanwhile, GBP/JPY was up 81 pips at 127.01 by the end of the New York session. Read more...
Japanese Yen (JPY)
Score another one for the BOJ! Thanks to risk appetite in the markets, the yen clocked in another losing day against its major counterparts. Though it inched 7 pips higher against the low-yielding dollar, it lost 81 pips on both the euro and the pound. Read more...
Canadian Dollar (CAD)
Way to go, Loonie! The Canadian currency cashed in some gains against the Greenback yesterday as USD/CAD dipped back to the .9800 handle. At the end of the day, the Loonie was able to outpace the Greenback by 75 pips as USD/CAD closed at .9805. Read more...
Australian Dollar (AUD)
Finally, a breather! Thanks to risk appetite in the markets, the Aussie traders were able to shrug off the mixed economic reports from Australia. AUD/USD dropped to an intraday low of 1.0182 before it closed 39 pips higher than its open price. Phew! Read more...
New Zealand Dollar (NZD)
Fly Kiwi, fly! That's exactly what the comdoll did in yesterday's trading as risk appetite dominated market sentiment. NZD/USD opened at .8183 and rallied to close at .8218.
Swiss Franc (CHF)
At long last! After getting rejected at the support level around .9350 multiple times, the Swiss franc was finally able to rally past the minor psychological handle in yesterday's trading. In fact, USD/CHF closed the day at .9305 after opening at .9387. 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!
- Daily Forex Fundamentals - October 6, 2011 22:13 05 October 2011
- Daily Forex Fundamentals - January 30, 2013 21:35 29 January 2013
- Daily Forex Fundamentals - December 21, 2011 20:14 20 December 2011
- Daily Forex Fundamentals - November 4, 2011 22:50 03 November 2011
- Daily Forex Fundamentals - January 12, 2012 21:11 11 January 2012