Daily Forex Fundamentals – September 16, 2013

What’s on the Economic Horizon

Draghi to Give a Speech in Berlin
NY Manufacturing Index Scheduled Today
RBA Meeting Minutes on Tap

U.S. Dollar (USD)

It looks like the Greenback is off to a weak start! After finishing Friday with a few losses against some of its major counterparts, the U.S. dollar gapped down over the weekend. What’s that all about?! Read more…

Euro (EUR)

The euro took another trip down the charts last Friday as investors continued to lose enthusiasm over the region’s growth. EUR/USD managed to pop 6 pips higher, but EUR/GBP, EUR/JPY, and EUR/CHF all showed losses. Read more…

British Pound (GBP)

Keep them pips coming! The U.K. didn’t need any economic report to extend its gains last Friday. Cable and Guppy showed significant gains with GBP/USD closing 71 pips higher than its open price. Oh yeah! Read more…

Japanese Yen (JPY)

Heck YEN! Fans of the Japanese currency put their game faces on last Friday, allowing the yen to power through against its major rivals. USD/JPY fell below the 99.00 handle while EUR/JPY traded closer to the 132.00 mark. Can the yen hold on to its gains? Read more…

Canadian Dollar (CAD)

The Loonie bulls dealt with a back-to-back loss last Friday as USD/CAD rose by another 22 pips. Did Canada’s economic reports have something to do with it? Read more…

Australian Dollar (AUD)

Down but not out! The Australian dollar may have had trouble keeping up with its currency rivals last Friday but it was off to a roaring start this week. AUD/USD bounced from the 92.00 area and jumped above the 93.00 handle while AUD/JPY zoomed to a high of 92.79 earlier today. Read more…

New Zealand Dollar (NZD)

Party’s over, boys! NZD/USD ended its winning streak last Friday when it closed 5 pips lower than its open price. And New Zealand didn’t even print any report! What’s up with that?! Read more…

Swiss Franc (CHF)

Who’s the boss now? The franc dominated its major counterparts once again thanks to weak reports from the other major economies. EUR/CHF dropped by 12 pips and USD/CHF sustained a 13-pip dip. 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!