Daily Forex Fundamentals – September 27, 2011

What’s on the Economic Horizon

U.S. CB consumer confidence due today
U.K. CBI realized sales on tap

U.S. Dollar (USD)

No thanks to risk appetite and dollar aversion in markets, the Greenback took another step back against its major counterparts. EUR/USD caped the day with only a 6-pip slip at Read more…

Euro (EUR)

nd just when you thought the euro had another win in the bag against the dollar, bam! The bears pounce on it on the last hours of the New York session. At the day’s close, EUR/USD was 12 pips below its Read more…

British Pound (GBP)

And the pound continues its relief rally! For the second straight day, the pound was able to end the day with a win versus the dollar due to the market’s profit-taking activities. GBP/USD closed the U.S. trading session at Read more…

Japanese Yen (JPY)

Based on the way the yen pared back its gains against its major counterparts, we can say that risk was on like Donkey Kong yesterday. USD/JPY only slipped by 3 pips to 76.47, while EUR/JPY climbed from an intraday low of Read more…

Canadian Dollar (CAD)

Boy was price action on USD/CAD intense yesterday! After reaching a high of 1.0386, the pair traded back down to find support at its opening price of 1.0280. Dollar bulls gave it one more push but it seems like Read more…

Australian Dollar (AUD)

Saved by risk appetite! After dropping to an intraday low of .9622 near the London session open, AUD/USD kicked back up and even finished the day with a 3-pip win at Read more…

New Zealand Dollar (NZD)

After days of bleeding, the Kiwi finally managed to bandage its wounds and stay afloat yesterday. Despite the higher-than-expected trade balance deficit, NZD/USD was able to post its first Read more…

Swiss Franc (CHF)

That was a close call! Despite losing a good amount of pips during the Asian session yesterday, the Swissy was able to fight back and actually end the day with a small gain versus the almighty Greenback. It also 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!

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