Daily Forex Fundamentals – September 29, 2011

What’s on the Economic Horizon

U.S. Pending Home Sales on tap
U.K. Nationwide house price index due today
Japan scheduled to release CPI, manufacturing PMI, unemployment rate, and preliminary industrial production

U.S. Dollar (USD)

Was risk aversion back in fashion yesterday, or were the currency bulls simply out to see the new Kindle Fire tablet? Whatever the reason, the Greenback once again gained across the board, which sent EUR/USD 47 pips Read more…

Euro (EUR)

Just another bad day in the office for the euro, huh? It lost ground against its major counterparts again as euro zone showed very little progress in solving their debt crisis. EUR/USD dropped from a high of 1.3691 to a low of Read more…

British Pound (GBP)

After three whole straight days of gains, the pound faltered in yesterday’s trading session as risk aversion managed to make its way back to the foreign exchange market. As usual, the heightened case of Read more…

Japanese Yen (JPY)

“Alright, who turned off risk aversion yesterday?!” The BOJ peeps are probably back on the edge of their seats after the yen strengthened against its counterparts yesterday. USD/JPY ended up Read more…

Canadian Dollar (CAD)

The Loonie bid sayonara to its recent gains yesterday as USD/CAD climbed from its 1.0204 open price to close at 1.0326. It turns out the Loonie’s rebound the other day was merely a Read more…

Australian Dollar (AUD)

Nope, not today Aussie bulls. Despite the strong HIA new home sales data from Australia, AUD/USD was pushed down by risk aversion in markets yesterday. AUD/USD fell from an intraday high of Read more…

New Zealand Dollar (NZD)

Poor, battered Kiwi! The Kiwi turned out to be one of the biggest losers in the last 24 hours as risk aversion managed to rear its ugly head again. NZD/USD, which started out the day strongly at Read more…

Swiss Franc (CHF)

Up and down the Swissy went, where it ended up… Well, I know! USD/CHF experienced a wild roller coaster ride yesterday as risk aversion hit the markets again. The pair rose slightly throughout the morning Asian session, then fell during 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!