Daily Forex Fundamentals – September 18, 2013

What’s on the Economic Horizon

Will the Fed Taper Today?
MPC Meeting Minutes on Tap
New Zealand GDP to Grow by 0.2%?

U.S. Dollar (USD)

It’s the day of reckoning for the Greenback! Traders seemed to be pricing in expectations for a disappointing FOMC statement, as the U.S. dollar was shown no lovin’ in yesterday’s trading. For now, it appears that dollar pairs are starting to consolidate. Will it stay that way until the FOMC? Read more…

Euro (EUR)

Back-to-back, baby! EUR/USD, EUR/GBP, and EUR/JPY ended another day in the green as traders focused on a strong report from the euro zone. Can you guess which report boosted the euro’s demand? Read more…

British Pound (GBP)

Are the tides turning for the pound? GBP/USD and EUR/GBP showed hesitation and pound weakness yesterday following the release of the U.K.’s CPI report. Why did the report have such an impact anyway? Read more…

Japanese Yen (JPY)

Yesterday wasn’t a good day to be a yen bull, was it? The yen was no match to the strength of its major currency rivals, as the higher-yielders managed to edge up against the Japanese currency. USD/JPY bounced back above the 99.00 mark while EUR/JPY climbed past 132.00. Read more…

Canadian Dollar (CAD)

It’s 0-2 in favor of the Loonie! USD/CAD fell by another 31 pips yesterday after Canada released a better-than-expected report. Read more…

Australian Dollar (AUD)

The Aussie took advantage of both dollar and yen weakness in yesterday’s trading, allowing AUD/USD to climb back to the .9350 area and AUD/JPY to test 93.00 again. Will the Australian dollar be able to hold on to its gains today? Read more…

New Zealand Dollar (NZD)

The Kiwi had another awesome day at the charts yesterday after risk appetite and a better-than-expected New Zealand report boosted NZD/USD. Will the comdoll go for more gains today? Read more…

Swiss Franc (CHF)

The franc bulls partied in the streets yesterday as the low-yielding currency gained against the dollar, euro, and even the yen. What the heck brought that on?! 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!