Daily Forex Fundamentals – September 26, 2013

What’s on the Economic Horizon

U.K. Current Account Due Today
U.S. Pending Home Sales Seen at -0.9%
German Consumer Climate Surprises to the Upside

U.S. Dollar (USD)

Are the Greenback’s happy days over? The U.S. dollar was unable to keep up its rally yesterday, pushing EUR/USD back above the 1.3500 handle and USD/CHF below the .9100 major psychological level. Was this just a retracement or is the dollar back in selloff mode? Read more…

Euro (EUR)

The euro bulls gave each other virtual high fives yesterday after they succeeded in pushing EUR/USD, EURJPY, and EUR/CHF higher than their open prices. What the heck spurred them on?! Read more…

British Pound (GBP)

SCOOOOOORE!!! The pound clocked in more wins against its major counterparts yesterday after a U.K. report exceeded analysts’ expectations. GBP/USD jumped by 80 pips while GBP/JPY also rose by 30 pips. Aww yeah! Read more…

Japanese Yen (JPY)

Out of the way! Yen bulls a-chargin’! The Japanese currency carried on with its winning ways yesterday, taking EUR/JPY below the 133.00 handle and AUD/JPY to a low of 91.91. Can the yen keep up its rallies today? Read more…

Canadian Dollar (CAD)

Strike two for the Loonie! USD/CAD capped a second consecutive positive day yesterday after the comdolls in general lost to the Greenback. Did Canada’s economic reports factor into the price action? Read more…

Australian Dollar (AUD)

Looks like somebody wasn’t invited to the party! While other major currencies were feasting on dollar weakness, the Australian dollar wasn’t able to enjoy any gains at all. AUD/USD sank under the .9400 handle and dipped to a low of .9338 while AUD/JPY tumbled closer to the 92.00 mark. Read more…

New Zealand Dollar (NZD)

Ooomph! NZD/USD took another hit yesterday after a report from New Zealand surprised to the downside. It fell by another 22 pips after reaching a low at .8217. Read more…

Swiss Franc (CHF)

Without any major news report from Switzerland, the franc was left to the mercy of market sentiment. USD/CHF ended the day with losses while EUR/CHF ticked 4 pips higher than its open price. Read more…

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

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