Daily Forex Fundamentals – September 9, 2013

What’s on the Economic Horizon

U.S. NFP figure falls short
Swiss jobless rate and retail sales data due today
Chinese CPI to dip from 2.7% to 2.6%

U.S. Dollar (USD)

CRASH! The dollar fell across the board last Friday when the big U.S. NFP report turned out to be a disappointment. EUR/USD shot up by 57 pips, GBP/USD gained 41 pips, while USD/JPY had dropped by a whopping 107 pips. Read more…

Euro (EUR)

Who ya callin’ a loser? The euro had a chance to fight back against the U.S. dollar last Friday, as the pair recovered from a low of 1.3104 to a high of 1.3190. EUR/JPY briefly dipped below the 130.00 mark to a low of 129.92. Read more…

British Pound (GBP)

Down but not out! GBP/USD sold off during Friday’s early London session, falling to a low of 1.5565, then got back up on its feet and jumped up to a high of 1.5682 during the New York session. What was that all about? Read more…

Japanese Yen (JPY)

The yen was king of pips last Friday as an optimistic BOJ report and a weak U.S. data weighed on USD/JPY, EUR/JPY, and many other yen crosses. How did that happen?! Read more…

Canadian Dollar (CAD)

Thanks to strong data from Canada, the Loonie was able to hustle against the U.S. dollar last Friday. USD/CAD slipped from the 1.0500 area to a low of 1.0382 then ended the week at 1.0409. Will the Canadian dollar continue to gain this week? Read more…

Australian Dollar (AUD)

With no data out from the Land Down Under yesterday, the Aussie moved to the beat of its major counterparts. AUD/USD ended the week near its intraweek highs while AUD/JPY reflected the overall yen strength last Friday. Read more…

New Zealand Dollar (NZD)

Way to go, little one! The Kiwi didn’t even look back from its race against the Greenback last Friday, as NZD/USD zoomed past the .8000 barrier. The pair started off at .7892 then reached a high of .8023 before closing at .8003. Read more…

Swiss Franc (CHF)

Retracement or reversal? The Swiss franc had a chance to break its losing streak to the Greenback on Friday, with USD/CHF falling from a high of .9457 to a low of .9346. Against the euro, the franc also had a good run, as EUR/CHF dipped to a low of 1.2325. 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!