Daily Forex Fundamentals – October 14, 2013

What’s on the Economic Horizon
Japan, Canada, and the U.S. on Bank Holidays
Eurogroup meetings due today

U.S. Dollar (USD)

The dollar bulls and bears were stuck in indecisionville last Friday as traders waited for a debt ceiling deal from Washington. The dollar dominated on GBP/USD and USD/JPY while EUR/USD also saw gains. Read more…

Euro (EUR)

Now that’s how you end a week! Thanks to a relatively better-than-expected report and slightly optimistic ECB speeches, the euro was able to gain ground across the board. In fact, EUR/USD, EUR/JPY, EUR/GBP, and even EUR/CHF all showed euro strength! Read more…

British Pound (GBP)

Looks like the pound stopped being the golden boy of the currency markets! Although GBP/JPY showed pound strength, the currency didn’t fare so well with GBP/USD and EUR/GBP. What’s up with that?! Read more…

Japanese Yen (JPY)

The yen was the biggest loser in the markets last Friday as traders lightened their yen exposure. Can you guess the factors that boosted USD/JPY, EUR/JPY, and GBP/JPY? Read more…

Canadian Dollar (CAD)

VICTORY! The Loonie clobbered the Greenback last Friday after a Canadian report boosted the currency’s demand. USD/CAD closed 42 pips lower than its open price after dropping to an intraday low of 1.0340. Booyah! Read more…

Australian Dollar (AUD)

The Aussie might not have been the best performer of the day, but it did pull off some serious ninja moves for AUD/USD to close its FOURTH positive day. Cool beans! Read more…

New Zealand Dollar (NZD)

The Kiwi joined the comdoll bandwagon last Friday as NZD/USD ended the day with a 28-pip gain despite the lack of news from New Zealand. Read more…

Swiss Franc (CHF)

Once again the franc failed to make any moves on its own as USD/CHF and EUR/CHF were dictated by the dollar and the euro’s price actions. Will the currency have a chance at making its own moves this week? 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!