Daily Forex Fundamentals – October 10, 2013

What’s on the Economic Horizon

Dollar Recovers Across the Board
Australia Prints Mixed Employment Numbers
BOE Monetary Policy Decision on Tap

U.S. Dollar (USD)

What a comeback by the Greenback! The U.S. dollar hit the brakes on its recent losing streak against most of its major counterparts, pushing EUR/USD down to the 1.3500 handle and GBP/USD below the 1.6000 mark. Was that just a pullback or is the Greenback in for more gains? Read more…

Euro (EUR)

Mixed price action? We’ll take it! The euro bulls were pretty satisfied with pushing EURGBP, EURCHF, and EUR/JPY higher even as they lost in the EUR/USD battle. What boosted the euro this time? Read more…

British Pound (GBP)

K.O.! The pound got knocked out by its major counterparts yesterday as some major UK reports came out worse-than-expected. GBP/USD, GBP/JPY, and even GBP/AUD ended up in the red while EUR/GBP extended its gains. Read more…

Japanese Yen (JPY)

Looks like the yen bears won’t go down without a fight! Yen pairs were tugged this way and that, as risk sentiment kept shifting yesterday. EUR/JPY jumped to a high of 132.19 then slipped to a low of 131.24 while USD/JPY managed to pull up to a high of 97.65. Read more…

Canadian Dollar (CAD)

Strike three! USD/CAD popped up for a third day in a row following the dollar strength seen across the board. The pair hit an intraday high at 1.0409 before closing 24 pips higher than its open price. Read more…

Australian Dollar (AUD)

The Australian dollar moved sideways against the U.S. dollar and the Japanese yen yesterday, as AUD/USD held on to the .9450 minor psychological handle while AUD/JPY tried to stay above the 92.00 mark. Will it see a breakout today? Read more…

New Zealand Dollar (NZD)

NZD/USD was spared from the bloodbath of other major currency pairs yesterday despite the lack of report from New Zealand. The pair only hit an intraday low at .8273 before closing with a 13-pip gain. Read more…

Swiss Franc (CHF)

The franc was the punching bag of two of its major counterparts yesterday as the dollar and euro bulls dictated USD/CHF and EUR/CHF’s price action. 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!

  • Dhani

    Hi Pipnoculars,

    link is not right, when clicked “Read more” it refer to Forex Gump thread 2009!


  • Pip Diddy

    Hey Dhani!

    Our pages are loading slowly these days due to a technical change. Can you check the link again and wait for a couple more seconds? Thanks!

    Pip Diddy