Daily Forex Fundamentals – September 12, 2013

What’s on the Economic Horizon

U.K. Jobs Numbers Crushed its Expectations
RBNZ Hints at Rate Hikes Next Year
Draghi Due to Give a Speech Today

U.S. Dollar (USD)

Somebody call a professor because the Greenback just got schooled! The U.S. dollar chalked up another losing day to its major currency rivals, as EUR/USD jumped above the 1.3300 handle while GBP/USD started trading above 1.5800. What’s in store for the dollar today? Read more…

Euro (EUR)

The euro wasn’t the ugliest duckling in the currency arena yesterday, but it wasn’t a favorite either. EUR/USD ended the day in the green, but the common currency lost pips to the pound, yen, and the franc. Read more…

British Pound (GBP)

The pound blasted off for another day yesterday as a positive report attracted the currency bulls all around GBP/USD broke above 1.5800 for the first time in eight months while EUR/GBP fell to an intraday low below .8400. Booyah! Read more…

Japanese Yen (JPY)

The Japanese yen must’ve gotten tired of being called a loser so it put up a strong fight in yesterday’s trading. As a result, USD/JPY tumbled back below the 100.00 mark while EUR/JPY sank below 133.00. Can the yen keep up its gains or will it get bullied again? Read more…

Canadian Dollar (CAD)

It’s day four of consecutive gains for the Loonie! USD/CAD fell by another 32 pips yesterday even though we didn’t see any reports from Canada. Does this have something to do with Greenback demand again? Read more…

Australian Dollar (AUD)

Yowza! The Australian dollar suffered a sharp selloff in today’s Asian session, as the Australian jobs data came in below expectations. AUD/USD let go of the .9350 minor psychological level and dipped below .9300 while AUD/JPY slipped to the 92.50 mark. Read more…

New Zealand Dollar (NZD)

Like its comdoll comrades, the Kiwi bulls snared a victory yesterday despite a lack of data from New Zealand. But what’s this report causing a ruckus on the Kiwi today?! Read more…

Swiss Franc (CHF)

The franc bulls got a piece of the rallies yesterday when both USD/CHF and EUR/CHF fell by around 20 to 40 pips. USD/CHF closed at .9301 while EUR/CHF fell 33 pips from its intraday high. Woohoo! Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

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