Daily Forex Fundamentals – October 17, 2013

What’s on the Economic Horizon
U.S. Senate Votes to Re-Open Fed Government, Extend Debt Ceiling
U.K. Claimant Counts Drops the Fastest Since 1997
Risk Appetite Boosts the Comdolls

U.S. Dollar (USD)

And just like that, the dollar bulls are back in the game! USD/JPY soared to a three-week high while EUR/USD touched a two-week low after rumors of the U.S. Senate sealing a debt ceiling deal made the news wires. Read more…

Euro (EUR)

Looks like the dollar wasn’t the only winner yesterday! The euro locked in major pips against the pound, yen, and the franc after a couple of positive reports popped up in the region. Read more…

British Pound (GBP)

Now you see it, now you don’t! Just when we thought that the bulls would have their momentum from positive U.K. reports, the pound showed mixed price action instead. What’s up with that?! Read more…

Japanese Yen (JPY)

The yen was the biggest loser yesterday as it lost pips against the dollar, euro, pound, and even the Aussie. How the heck did that happen when Japan didn’t even release any economic report?! Read more…

Canadian Dollar (CAD)

Who’s the weakling now?! The USD/CAD made new intraweek lows yesterday and even reached an intraday low at 1.0326. And that’s with Canada popping up a disappointing report! Read more…

Australian Dollar (AUD)

Surf’s up, dudes! The Aussie clobbered its major counterparts yesterday on a jump in risk appetite. AUD/USD, AUD/JPY, and even GBP/AUD all closed in favor of the Aussie. Up top, Aussie bulls! Read more…

New Zealand Dollar (NZD)

The Kiwi was able to jump on the risk appetite train as the comdoll bulls pushed the AUD, NZD, and CAD higher. NZD/USD popped to a 75 pips away from its open price before it closed with a 54-pip gain. Aww yeah! Read more…

Swiss Franc (CHF)

Better-than-expected economic data? Pfft. The franc traded on its counterparts’ price action as their headlines dominated the markets. USD/CHF closed near its open price while EUR/CHF inched 17 pips higher. 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!