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U.S. Dollar (USD)
The dollar brought its A-game on against the yen and closed at its 7-month high at 81.01 on Friday. However, it seems like the currency didn’t have enough piptorade left to win against its other counterparts. It scored losses against the euro, pound, Swiss franc, and Kiwi. Read more…
Euro (EUR)
On Friday, the Greek government issued the official invite to its bondholders to exchange the debt they are holding for brand new ones. Even though the process would require the bondholders to take a 75% loss, the market saw the event as positive, as it means that Greece would probably not default and would remain in the euro zone. Read more…
British Pound (GBP)
Churn and burn em’ baby! The pound killed the markets Gordon Gekko style last Friday, posting huge gains versus the dollar and yen. GBP/USD rose 166 pips to finish near its highs at 1.5899. Meanwhile, GBP/JPY posted a massive 302-pip gain to finish at 128.78. Woooo! Read more…
Japanese Yen (JPY)
And just when every one thought the yen was about to rally against the dollar, it choked! USD/JPY pared its losses on Thursday when it ended Friday’s trading at its 7-month high, 108 pips above its opening price, at 81.01. Read more…
Canadian Dollar (CAD)
The Loonie suffered a small defeat last Friday as it gave up ground against other major currencies. It fell 21 pips against the dollar and a whopping 122 pips versus the euro. Read more…
Australian Dollar (AUD)
The Aussie was one of the unlucky few which gave up pips to the dollar on Friday. It did relatively well during the Tokyo and London sessions with AUD/USD trading above 1.0700. However, just before the day closed, it slipped and ended the day 9 pips below its opening price at 1.0694. Read more…
New Zealand Dollar (NZD)
After starting the day waxing hot, NZD/USD cooled off in the latter sessions to actually finish the day just a few pips above its opening price. After hitting a high at .8398, NZD/USD fell all the way back down to .8356, posting a mere 9-pip win on the day. Read more…
Swiss Franc (CHF)
For the second day in a row, the Swiss franc ran all over the greenback, as USD/CHF sank to new lows. USD/CHF fell by another 68 pips to finish at .8948. Will we see a retracement soon or will bearish momentum continue to dominate? Read more…
Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.
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Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!
