Daily Forex Fundamentals – September 11, 2013

What’s on the Economic Horizon

U.K. claimant count change due today
RBNZ to keep rates unchanged
U.S. Congress postpones vote on military attack

U.S. Dollar (USD)

The dollar’s price action was as mixed as a bag of jellybeans as risk appetite dominated the markets. EUR/USD and GBP/USD continued to climb, but USD/JPY and USD/CHF both showed dollar strength. Read more…

Euro (EUR)

Down but not out! Just when it seemed like the euro was in for another losing day against the dollar, the shared currency put up a strong fight and pushed EUR/USD to the 1.3275 area. EUR/JPY had its share of gains, as it climbed above the 133.00 mark. Read more…

British Pound (GBP)

Check out the pound lookin’ fly like a G6! GBP/USD soared past the 1.5700 major psychological level yesterday, as the pair reached a high of 1.5743. GBP/JPY also ended the day in the green after it closed roughly 200 pips above its 156.53 open price. Read more…

Japanese Yen (JPY)

It’s a breach! USD/JPY finally broke above 100.00 yesterday, which caused a ripple effect on the other yen crosses. What the heck brought that on?! Read more…

Canadian Dollar (CAD)

Back-to-back gains, baby! The Loonie showed the Greenback who’s boss, as USD/CAD sank lower on Tuesday. The pair dipped to a low of 1.0329 before ending the U.S. session at 1.0354. Can the Loonie extend its gains today? Read more…

Australian Dollar (AUD)

The comdoll bulls weren’t done partying yesterday as they continued to push AUD/USD higher in the charts. The pair gained another 78 pips and closed above the 1.0300 handle after hitting a low at .9217. Read more…

New Zealand Dollar (NZD)

The kiwi may be a flightless bird but the Kiwi dollar was anything but flightless in yesterday’s trading! NZD/USD extended its climb and reached a high of .8076, as risk appetite improved recently. What happened exactly? Read more…

Swiss Franc (CHF)

The Swiss franc was down in the dumps yesterday, as it lost ground to the U.S. dollar and the euro. USD/CHF climbed to a high of .9366 while EUR/CHF jumped to the 1.2400 area. Will the franc have a chance to recover 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!