Daily Forex Fundamentals – September 13, 2013

What’s on the Economic Horizon

U.S. retail sales to determine odds of Septaper?
Euro zone quarterly employment change data due
Swiss PPI to print 0.2% increase

U.S. Dollar (USD)

It was a fierce match between the dollar bulls and bears yesterday as currency-specific factors played into different major pairs. EUR/USD and GBP/USD showed small losses while USD/JPY fell by 40 pips. Did the U.S. reports play any part in it? Read more…

Euro (EUR)

The euro tossed and turned in the charts yesterday, as EUR/USD struggled to hold on to the 1.3300 major psychological handle while EUR/JPY dipped to the 132.00 mark. Against the pound, the euro refused to back down, keeping EUR/GBP above the .8400 support level. Read more…

British Pound (GBP)

It ends at four! Cable took a break from its winning streak yesterday, as the pair closed 17 pips lower than its 1.5822 open price. GBP/JPY also took a breather when it slid back to the 157.00 level. Is this just a retracement or could it be the start of a reversal? Read more…

Japanese Yen (JPY)

The yen was the king of pips yesterday as it posted significant gains against the dollar, euro, and the comdolls. Heck, USD/JPY was swiftly rejected at 100.00! What the heck brought that on?! Read more…

Canadian Dollar (CAD)

All that diving must’ve been exhausting! USD/CAD pulled up for some air yesterday, after dipping close to the 1.0300 major psychological support level. The pair reached a high of 1.0337 then ended the New York session at 1.0327. Read more…

Australian Dollar (AUD)

The Aussie bulls should have done all Taylor Swift on Australia’s jobs data and know that it was trouble when it walked in. The Aussie sustained heavy losses against its major counterparts with AUD/USD closing 64 pips below its open price. Read more…

New Zealand Dollar (NZD)

Way to go, little one! The Kiwi started the Asian session on a positive note, as hawkish remarks from the RBNZ lifted the commodity currency throughout the day. NZD/USD extended its stay above the .8100 mark while AUD/NZD sank to new lows around 1.1300. Read more…

Swiss Franc (CHF)

“Slow and steady wins the race” must’ve been the franc’s mantra yesterday, as the Swiss currency posted small gains against the dollar and the euro. USD/CHF sank to a low of .9273 before closing at .9307 while EUR/CHF dipped close to the 1.2350 minor psychological level. 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!