Daily Forex Fundamentals – September 27, 2013

What’s on the Economic Horizon

FOMC members to talk about “Octaper” prospects?
ECB President Draghi set to testify today
Japan’s national core CPI at 0.8%

U.S. Dollar (USD)

Are you not entertained?! The Greenback clobbered its counterparts yesterday as risk aversion tipped the mixed US data in favor of the dollar. EUR/USD and GBP/USD saw losses while USD/JPY and USD/CHF inched higher in the charts. Read more…

Euro (EUR)

The euro didn’t go very far with its recent run, as EUR/USD made a quick U-turn after reaching a high of 1.3538. At the same time, EUR/JPY got stuck in consolidation somewhere around the 133.50 minor psychological level. Which way could the euro go today? Read more…

British Pound (GBP)

Check out the 1.6000 handle holdin’ like a boss! GBP/USD was unable to sustain its previous rally, as the pair fell to a low of 1.6002 after reaching a high of 1.6096. GBP/JPY chalked up more losses when it let go of the 159.00 handle and dipped to 158.11. Read more…

Japanese Yen (JPY)

The yen was delegated to the losers’ table yesterday after a couple of news reports from Japan encouraged a yen selloff. What the heck came out from Japan anyway?! Read more…

Canadian Dollar (CAD)

Slow and steady does it! USD/CAD crawled slightly higher in yesterday’s trading, as the pair crept up to a high of 1.0342. It seems intent on holding on to the 1.0300 handle though. Will any reports force it to let go today? Read more…

Australian Dollar (AUD)

The quiet trading day didn’t do the Aussie any favors as it lost for the THIRD straight day against the Greenback. AUD/USD fell by another 18 pips after hitting an intraday low at .9340. What’s up with that?! Read more…

New Zealand Dollar (NZD)

The Kiwi gets an “A” for effort! NZD/USD staged a pretty decent rebound from its selloff this week, as the pair reached up for the .8300 handle then closed at .8280. Will it have a chance to end the week above .8300? Read more…

Swiss Franc (CHF)

Zzz… Thursday was such a snoozer for USD/CHF since the pair simply moved sideways along the .9100 major psychological level. In fact, the pair has been consolidating for most of the week! Are there any catalysts for a breakout in either direction today? 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!