What’s on the Economic Horizon
RBA Defies Expectations And Keeps Rates Unchanged
Japan’s Ministry of Finance Reports on Stealth Intervention
QE3 Not Yet Off the Table?
No Greek Exit According to Euro Group President Juncker
U.S. Dollar (USD)
Aaaah, there’s nothing like the combo of risk appetite and dovish remarks to ruin the dollar’s day. It lost against all of its major counterparts yesterday save for the yen. EUR/USD closed 122 pips above its opening price at 1.3253. Meanwhile, GBP/USD ended the day at its 3-month high at 1.5900. Read more…
Euro (EUR)
I’ve got to hand it to the bulls – any time they hear optimistic news regarding the Greek debt deal, they would immediately show support for the euro. EUR/USD closed the U.S. trading session at 1.3253, a solid 121 pips higher from its opening price that day. Read more…
British Pound (GBP)
No weak economic report is gonna stop the pound bulls from charging! Thanks to risk appetite in markets, the pound rocketed to its 2.5-month high against the Greenback, pushing GBP/USD to close 69 pips higher than its open price. Booyah! Read more…
Japanese Yen (JPY)
Guess who’s been playing ninja! A report released yesterday showed that the Japanese government has been stealthily intervening in the forex market these past few months to limit the yen’s gains. Consequently, the news made the yen yesterday’s biggest loser on the charts, giving up pips to all of its major counterparts. Read more…
Canadian Dollar (CAD)
Who paid attention to the Loonie yesterday? Nobody, apparently, as USD/CAD hardly exhibited any volatility. It simply moved sideways the entire day and ended the U.S. trading session at .9949, a mere 6 pips lower from its opening price. Read more…
Australian Dollar (AUD)
Boy, do I feel bad for all those who shorted the Aussie in anticipation of a rate cut from the RBA! The central bank defied expectations yesterday and in turn made it possible for AUD/USD to rise to its 6-month high. AUD/USD ended the day’s trading 71 pips above its opening price at 1.0800. Read more…
New Zealand Dollar (NZD)
Despite the lack of economic reports released in New Zealand, NZD/USD joined its other comdoll buddies and rose in the charts yesterday. The pair even reached an intraday high at .8374 before capping the day 14 pips higher than its open price. Not bad, eh? Read more…
Swiss Franc (CHF)
With barely any inflationary pressure for Switzerland, what’s stopping acting SNB Chairman Thomas Jordan from doing a bit of jawboning? It looks like it worked too, for EUR/CHF closed with a 26-pip gain after reaching an intraday high at 1.2104. Read more…
Batman and Robin, 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!
