Daily Forex Fundamentals – September 23, 2011

What’s on the Economic Horizon

All eyes on the G20 meeting this weekend
Australia’s CB leading index -0.1% in July vs. -0.8% in June

U.S. Dollar (USD)

Looks like “Operation Twist: On” means “Risk: Off” for markets! With the FOMC statement disappointing expectations, investors flocked the low-yielding currencies like the Greenback. USD/JPY might have slipped back by Read more…

Euro (EUR)

Just like Paula Abdul on X Factor, bulls walked out on the euro yesterday as risk aversion hit the markets. It was all downhill for EUR/USD as soon as it opened at 1.3594, tumbling to an intraday low of Read more…

British Pound (GBP)

It seems that the pound still doesn’t have enough strength to recover. After its huge drop on Wednesday, the pound once again gave up a lot of ground in yesterday’s trading session. It closed the U.S. trading session at Read more…

Japanese Yen (JPY)

Give it up for the king of the charts! True to its Chuck Norris-like performance early this week, the yen once again flew off the charts yesterday as investors flocked to the low-yielding currencies. USD/JPY lost Read more…

Canadian Dollar (CAD)

Boy do I feel bad for everyone who shorted the Loonie yesterday! USD/CAD continued to trade above parity as risk aversion hit the markets. The pair ended the day 216 pips above its opening price at Read more…

Australian Dollar (AUD)

Thwack! Like most of the high-yielding currencies, the Aussie was put on the markets’ chopping block yesterday on a huge wave of risk aversion. AUD/USD broke down parity like it was tissue paper and dropped to an intraday low of .9692 before it Read more…

New Zealand Dollar (NZD)

Once again, risk aversion was the primary focus of the market yesterday, which resulted in the Kiwi taking a huge dive across the board. By the end of the U.S. trading session, the Kiwi gave up Read more…

Swiss Franc (CHF)

The Swissy continued its terrible performance yesterday as it allowed the strong Greenback to steal some pips from it for the fourth straight day. USD/CHF ended the U.S. trading session at 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!