What's on the Economic Horizon
U.S. pending home sales to disappoint?
U.K. current account deficit probably widened in Q2 2012
Italian bond auction scheduled today
U.S. Dollar (USD)
Thanks to the risk off market environment, the U.S. dollar was able to outpace most of its major counterparts in yesterday's trading. EUR/USD chalked up another losing day as it closed at 1.2684, more than 20 pips below its 1.2905 open price. Will the Greenback continue to benefit from risk aversion today? Read more...
When will the bleeding stop?! The euro extended its losses against its major counterparts yesterday no thanks to renewed concerns about Spain. EUR/USD ended the day 40 pips below its opening price at 1.2865 while EUR/JPY was down 42 pips at 99.98. Read more...
British Pound (GBP)
Strike three for the pound! Despite a strong sales report from the U.K., the pound registered another losing day against its counterparts. Cable fell almost steadily throughout the day, while Guppy also suffered a 27-pip slide. What's up with that? Read more...
Japanese Yen (JPY)
And the yen scores again! The Japanese currency was able to benefit from risk aversion for another day as it was able to end higher against all of its major counterparts, including the safe-haven U.S. dollar. USD/JPY closed at 77.72 after starting the day at 77.80. Can the yen hold on to its recent gains and go for more? Read more...
Canadian Dollar (CAD)
Ooh, that burns! The Loonie got another beating from the Greenback yesterday, allowing USD/CAD to make a clean break above the .9800 major psychological resistance. The pair closed at .9852 after reaching a high of .9861. Read more...
Australian Dollar (AUD)
Make that three! AUD/USD extended its losing streak for the third day in a row as it closed at 1.0360, 25 pips down from its 1.0380 day open price. AUD/JPY had its share of losses as it ended the day at 80.52. Will the Aussie keep losing today or does it have a chance to rebound? Read more...
New Zealand Dollar (NZD)
Unlike its comdoll buddies, the Kiwi was able to sneak a few pips against the dollar. And that's after a weak trade balance report was released! NZD/USD hit an intraday bottom at .8184 before it closed 9 pips higher than its open price. Read more...
Swiss Franc (CHF)
Switzerland didn't provide any fireworks in terms of economic data yesterday, so the franc bulls and bears were busy paying attention to its counterparts. USD/CHF inched another 20 pips higher at .9397, while EUR/CHF slipped by 12 pips to 1.2089. Read more...
Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.
Head on to Big Pippin's Daily Chart Art for some pip-locking technical setups!
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