Daily Forex Fundamentals – September 5, 2011

What’s on the Economic Horizon

NFP report prints ZERO job growth
U.K. Services PMI to Falls to 54.3
Australia’s prints mixed second-tier economic reports

U.S. Dollar (USD)

The dollar’s price action last Friday showed another classic case of risk aversion in markets as traders reacted to the surprisingly weaker-than-expected U.S. NFP report. While EUR/USD fell by 74 pips to 1.4196, USD/CHF also dropped to Read more…

Euro (EUR)

Poor little guy! The euro chalked up another losing day against the Greenback and the yen, extending its losing streak to four days. EUR/USD closed the week at Read more…

British Pound (GBP)

The pound may have closed the Friday with just a small gain versus the dollar, but it did experience a huge amount of volatility before getting to that point. The GBP/USD pair had risen as high as Read more…

Japanese Yen (JPY)

What weak economic data? Risk aversion in king! USD/JPY’s fall to its 76.55 intraday low and EUR/JPY’s 55-pip slide to 109.05 gave proof that traders are buying up the low-yielding yen despite the downside surprises Read more…

Canadian Dollar (CAD)

After consolidating for almost an entire week, USD/CAD jumped from the .9750 area on Friday and landed at .9842. Canada didn’t release any economic reports then. Any guesses on Read more…

Australian Dollar (AUD)

High-yielding currencies buckled under the onslaught of risk aversion last Friday, and the Aussie was no exception. AUD/USD fell to an intraday low of 1.0627 at the release of a depressing U.S. NFP report before it leveled off to Read more…

New Zealand Dollar (NZD)

There wasn’t anything on New Zealand’s economic calendar, but that didn’t stop the Kiwi from dropping! No thanks to risk aversion due to the poor non-farm payrolls figures, the Kiwi experienced Read more…

Swiss Franc (CHF)

It was employment data galore last Friday as both Switzerland and the U.S. released their respective reports on the labor market. Both reports were disappointed, yet the Swissy was the one that Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

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