What’s on the Economic Horizon
Spanish 10-year Bond Auction Scheduled Today
Japan’s Trade Deficit Wider in March
BOE Minutes Less Dovish Than Expected
U.S. Dollar (USD)
The dollar didn’t have the most rockin’ day on the charts, but it still managed to score wins against most of its counterparts. Only the pound was able to nudge its advances with GBP/USD closing 87 pips above its opening price at 1.6020. Read more…
Euro (EUR)
EUR/USD traded in a perfect “V” pattern yesterday as it dipped slightly during the Asian and morning European trading sessions and recovered all of its losses during the European and U.S. session overlaps. The pair ended the day at 1.3116, barely changed from its opening price at 1.3127. Read more…
British Pound (GBP)
What a day for Lady Cable! Thanks to some rather unexpected details that were revealed in the BOE minutes, the pound rose against all its major counterparts. GBP/USD blew past the 1.6000 handle to finish at 1.6020, up 87 pips on the day. Meanwhile, EUR/GBP set new lows and is now trading below the .8200 psychological level. Read more…
Japanese Yen (JPY)
Ah hah! It looks like the yen failed to tap its inner Samurai warrior in yesterday’s trading. It lost to almost all of its counterparts, giving up 38 pips to the euro, 36 pips to the dollar, and a whopping 128 pips to the pound. Read more…
Canadian Dollar (CAD)
What a bore! Economic data released from Canada yesterday didn’t have much of an impact on price action as USD/CAD simply traded in a very tight 50-pip range. The pair found significant support at .9880 and topped out at .9925. Read more…
Australian Dollar (AUD)
Just like its comdoll comrades, the Aussie gave up pips to the dollar in yesterday’s trading. AUD/USD traded lower after reaching an intraday high at 1.0416. By the day’s close, it settled at 1.0349, 47 pips below its opening price. Read more…
New Zealand Dollar (NZD)
Rough day for the Kiwi, which continued its losing ways yesterday as NZD/USD dropped 68 pips to finish at .8148. Will we see more of the same today or will the Kiwi bulls make a comeback? Read more…
Swiss Franc (CHF)
Nothing much happened on franc pairs yesterday, as USD/CHF remained within range while EUR/CHF is still straight up chillin’ just above the 1.2000 handle. Will we see more of the same today? 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!
