Daily Forex Fundamentals – September 24, 2013

What’s on the Economic Horizon

Canadian Retail Sales to Improve?
U.S> CB Consumer Confidence on Tap
German IfO Business Confidence Expected at 108.4

U.S. Dollar (USD)

The Greenback’s performance was as mixed as a bag of nuts, as the currency recovered against the euro but lost ground to the British pound. The U.S. dollar was also able to end the day stronger against the comdolls. What’s in store for the Greenback today? Read more…

Euro (EUR)

KA-POW! The euro got clobbered by its major counterparts yesterday on mixed euro zone data and a dovish ECB speech. EUR/USD fell by 57 pips while EUR/JPY also sustained a 188-pip fall. Read more…

British Pound (GBP)

The pound’s price action was as mixed as the colors of my favorite cereal as there was no economic report to influence the pound’s direction. Cable popped up by 40 pips but Guppy also slipped by 28 pips. Read more…

Japanese Yen (JPY)

Slowly but surely! The Japanese yen edged higher against most of its major counterparts in yesterday’s trading, pushing USD/JPY back below the 99.00 major psychological level and EUR/JPY to a low of 133.09. Can the yen continue to rally today? Read more…

Canadian Dollar (CAD)

It ends at two! USD/CAD failed to extend its back-to-back gains yesterday after a better-than-expected report from China boosted demand for the comdolls. The pair even fell to an intraday low of 1.0275 before ending the day 23 pips lower than its open price. Read more…

Australian Dollar (AUD)

Those weekend gaps sure got filled pretty quickly! AUD/USD started the week at .9369, rallied to a high of .9458, then closed at .9443. Meanwhile, AUD/JPY also closed its weekend gap after reaching a high of 93.57. What’s in store for the Aussie today? Read more…

New Zealand Dollar (NZD)

The Kiwi bulls brought out their game faces yesterday as they extended NZD/USD’s rally by another 27 pips. Did economic data have anything to do with it? Read more…

Swiss Franc (CHF)

The franc had a mixed trading day yesterday as it traded on its counterparts’ price action. USD/CHF rose by 28 pips on overall dollar strength, while EUR/CHF closed 44 pips lower than its intraday high on mixed euro zone data. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

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Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!