Daily Forex Fundamentals – September 25, 2013

What’s on the Economic Horizon

Downside surprise in German GfK consumer climate?
U.S. durable goods orders to show improvement
U.K. CBI realized sales data due today

U.S. Dollar (USD)

Weak economic data? Pfft. The Greenback shrugged off weak economic reports yesterday as risk aversion clouded the markets. It ended the day unchanged against the yen, but higher against the euro, pound, and the franc. Booyah! Read more…

Euro (EUR)

Check out the euro droppin’ it like it’s hot! The shared currency sold off against its counterparts in yesterday’s trading, pushing EUR/USD to a low of 1.3464 and EUR/JPY down to the 133.00 handle. Will the euro have a chance to recover today? Read more…

British Pound (GBP)

The pound looked a little heavier than usual yesterday, with GBP/USD sliding down to a low of 1.5955 and GBP/JPY dipping to a low of 157.34. What was that all about and will it have a chance to recover today? Read more…

Japanese Yen (JPY)

Once again, the yen showed the markets who’s boss yesterday after it posted gains against most of its counterparts. Did it have anything to do with Japan’s economic reports? Read more…

Canadian Dollar (CAD)

The Loonie sure loves to consolidate! USD/CAD simply moved sideways yesterday, as the pair was stuck around the 1.0300 major psychological resistance level. Not even stronger than expected retail sales data was enough to trigger a breakout! Read more…

Australian Dollar (AUD)

Yeouch! The Aussie got burned against the Greenback yesterday when risk aversion encouraged profit-taking for the comdoll bulls. AUD/USD closed 52 pips lower than its open price after reaching an intraday low at .9361. Read more…

New Zealand Dollar (NZD)

The Kiwi got its wings clipped yesterday, with NZD/USD falling all the way down to the .8250 minor psychological support. Is it making a huge correction or is this the start of a reversal? Read more…

Swiss Franc (CHF)

Guess who’s still stuck in its range? Yep, it’s USD/CHF! The pair continued to consolidate above the .9100 major psychological support level, as there was no catalyst for a strong breakout. Will we see one today? Read more…

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

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