Daily Forex Fundamentals – October 18, 2013

What’s on the Economic Horizon
Chinese GDP, industrial production, retail sales data due
FOMC officials set to testify today
U.K. prints strong retail sales report

U.S. Dollar (USD)

Dollar bulls, retreat! The Greenback was under heavy fire yesterday, pushing USD/JPY back below the 98.00 handle and EUR/USD past the 1.3650 minor psychological mark. What was that all about?! Read more…

Euro (EUR)

Ha! Who ya callin’ a loser now? The euro strutted its stuff across the charts and raked in plenty of gains against the dollar and the yen. EUR/USD climbed above the 1.3650 minor psychological level while EUR/JPY rallied past 134.00. Can the euro keep it up? Read more…

British Pound (GBP)

Has the pound been on a new diet these days? Pound pairs seemed to have lost some weight and had an easier time floating up the charts, with GBP/USD hitting a high of 1.6173 and GBP/JPY soaring past 158.00. Is the pound in for more gains? Read more…

Japanese Yen (JPY)

D’oh! The Japanese yen was extra clumsy in yesterday’s trading as it had trouble getting back on its feet. EUR/JPY, GBP/JPY, and AUD/JPY soared up the charts while USD/JPY spent a brief moment above the 99.00 mark before crashing below 98.00. Read more…

Canadian Dollar (CAD)

The Loonie’s price action was anything but loony yesterday, as USD/CAD stayed on its southbound path all the way down to the 1.0300 handle. The pair came from a high of 1.0378 then dipped to a low of 1.0280, which means nearly a hundred pips in the bag for the Canadian dollar! Read more…

Australian Dollar (AUD)

Surf’s up, mate! The Australian dollar caught a huge wave of risk appetite in yesterday’s trading, as AUD/USD cruised past the .9600 handle while AUD/JPY climbed back above 94.00. What’s the wave forecast for today? Read more…

New Zealand Dollar (NZD)

Up, up, here we go! The Kiwi flapped its wings in yesterday’s trading, as NZD/USD soared above several resistance levels and reached a high of .8526 during the London session. Can it keep flying until the end of the week? Read more…

Swiss Franc (CHF)

Saddle up, fellas! It looks like franc bulls are a-chargin’ again! USD/CHF sold off heavily in yesterday’s trading, as the pair slipped from a high of .9176 to a low of .9020. What in the world just happened?! 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!