Daily Forex Fundamentals – September 12, 2011

What’s on the Economic Horizon

China’s trade figures better than expected
EUR/USD down by 500 pips from last week’s open price
U.K. Nationwide consumer confidence on tap

U.S. Dollar (USD)

The dollar is king! Just like its fellow safe-haven currencies, the Greenback clobbered its high-yielding counterparts last Friday on a strong wave of risk aversion. EUR/USD fell by a whopping 228 pips to Read more…

Euro (EUR)

EUR/USD gapped lower over the weekend again as euro zone debt concerns continued to bother the euro. This forced the pair to drop by roughly 500 pips from its 1.3890 weekly open price and close at Read more…

British Pound (GBP)

Reeeeeepeeeat! Just as it did on Thursday, the pound strengthened against the euro but ended the day lower against the dollar. While euro weakness led EUR/GBP 95 pips lower to .8603, GBP/USD slid Read more…

Japanese Yen (JPY)

The low-yielding yen is on a roll! Despite the release of poor consumer confidence data, risk aversion flows kept the yen well supported last Friday. USD/JPY capped the day near its open price, but EUR/JPY Read more…

Canadian Dollar (CAD)

For the Loonie, last Friday night was nothing like Katy Perry’s song and I’m pretty sure the Canadian dollar wouldn’t want to do it all again. The Loonie lost more than a hundred pips to the U.S. dollar, with USD/CAD jumping from Read more…

Australian Dollar (AUD)

Risk was definitely not in style last Friday, and the Aussie’s price action shows is another evidence of it. The Aussie got slammed by the Greenback for the second day in a row with AUD/USD dropping by Read more…

New Zealand Dollar (NZD)

And the Kiwi’s luck finally runs out! After swimming against the tide of risk sentiment on Thursday, the Kiwi finally gave in and dropped on risk aversion on Friday. As a result, NZD/USD finished Read more…

Swiss Franc (CHF)

Finally, a win against the euro! The Swiss franc recorded its first victory against the euro since the SNB announced its currency peg, pushing EUR/CHF down 83 pips to 1.2069. However, against the dollar, it 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!

  • Goron4x

    all over the news is ” EUROPE IS GOING DOWN”
    why is it gaining strength ?????????????????????????????????????????????????????????