Daily Forex Fundamentals – September 21, 2012

What’s on the Economic Horizon
U.K. public borrowing expected at 13.2B
Canada to release its CPI numbers at 12:30 pm GMT

U.S. Dollar (USD)

Could that be risk aversion creeping back into the scene? After all, the dollar was generally stronger against most of its major counterparts, as EUR/USD, GBP/USD, and AUD/USD all closed lower on the day. Read more…

Euro (EUR)

With risk aversion back in tow, the euro was slapped around in yesterday’s trading matches. EUR/USD fell 87 pips to finish at 1.2968, while EUR/JPY closed at 101.48, down 83 pips on the day. Read more…

British Pound (GBP)

The pound got stuck in the bear lair yesterday as risk aversion dominated market sentiment. GBP/USD dropped to an intraday low of 1.6164 before closing 6 pips below its opening price at 1.6214. Read more…

Japanese Yen (JPY)

That didn’t last very long. The BOJ head honchos must be stomping their feet in frustration right now as their latest announcement of monetary easing failed to weaken the yen. USD/JPY fell by another 10 pips, while EUR/JPY slipped by 17 pips to 101.48. Yikes! Read more…

Canadian Dollar (CAD)

Like the Aussie, its comdoll buddy, the Loonie fell victim to risk aversion in the markets yesterday. USD/CAD rocketed to an intraday high of .9817 before it levelled off to close only 21 pips higher than its open price. What gives? Read more…

Australian Dollar (AUD)

Phew! The Aussie bulls were able to limit AUD/USD’s losses yesterday as they struggled with the release of China’s weak manufacturing PMI. The pair fell to an intraday low of 1.0367 before the comdoll bulls were able to push it to a 1.0443 close. Read more…

New Zealand Dollar (NZD)

Go Kiwi, go! Among the comdolls, the Kiwi was the only one to end the day higher against the dollar. NZD/USD ended the New York session at .8289 after starting the day at .8267. Read more…

Swiss Franc (CHF)

The Swiss franc shared the fate of other higher-yielding currencies, falling victim to the dollar’s strength. USD/CHF ended the day higher at .9330 after opening at .9279. 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!

  • Pedro Pacheco

    Eur is rising again and so is the Gbp!