Daily Forex Fundamentals – September 30, 2013

What’s on the Economic Horizon

US Dollar Hit from All Sides
Berlusconi Takes Down the Euro
3 U.K. PMIs Due This Week

U.S. Dollar (USD)

KA-POW! KA-BLAM! The Greenback got hit on all sides last Friday, taking EUR/USD back up to the 1.3550 area and GBP/USD past the 1.6100 major psychological handle. What’s causing dollar weakness these days? Read more…

Euro (EUR)

Ooomph! The euro plunged against its counterparts last Friday despite the lack of major data from the euro region. EUR/USD might ticked 37 pips higher but EUR/JPY fell by 25 pips, EUR/GBP declined by 33 pips, and EUR/CHF registered a 29-pip loss. What’s up with that?! Read more…

British Pound (GBP)

Winner winner chicken dinner! The pound was one of the kings of pips last Friday as it posted gains against its major counterparts. What spurred on the pound bulls this time? Read more…

Japanese Yen (JPY)

Take a look at those weekend gaps! The Japanese yen was so strong last Friday that yen pairs couldn’t help but open lower over this Monday. USD/JPY started the week off at 97.89 while GBP/JPY slipped below the 158.00 level. Can the yen keep rallying today? Read more…

Canadian Dollar (CAD)

The Loonie was able to pull one on the Greenback last Friday after concerns in the U.S. made the dollar’s counterparts more appealing. USD/CAD ended the day with a 9-pip loss after hitting an intraday high at 1.0333. Read more…

Australian Dollar (AUD)

While most of the other major currencies were out partying last Friday, the Australian dollar slumped in Loserville and extended its losing streak to the dollar and the yen. AUD/USD fell to the .9300 major psychological support while AUD/JPY tumbled to the 91.00 mark. Read more…

New Zealand Dollar (NZD)

The Kiwi bulls and bears ended their fierce tug-o-pips with a tie last Friday when risk aversion got mixed in with a relatively better-than-expected data from New Zealand. NZD/USD popped to a high 40 pips above its open price before it closed without any significant gain or loss. Read more…

Swiss Franc (CHF)

Omnomnom… The franc bulls feasted in the pip streets last Friday when concerns for both the U.S. and euro zone economies weighed on USD/CHF and EUR/CHF. Will we see a repeat this week? 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!