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What’s on the Economic Horizon

U.S. to print more tier 1 reports
U.K. CBI realized sales data on tap
Japan CPI to stay in the red?

U.S. Dollar (USD)

We didn’t get mixed results this time around! Practically everyone was anti-dollar yesterday! The Fed’s decision to keep monetary policy highly accommodating led to big gains in equities, commodities, and high-yielding currencies. As a result, the USDX trickled down from 80.30 to 79.89. Read more…

Euro (EUR)

EUR/USD popped up the charts yesterday as it broke above the 1.3000 and 1.3100 handles and reached a high of 1.3122. EUR/JPY also had its share of gains as it drew close to the 102.00 major psychological level. Can the euro hold on to its gains today? Read more…

British Pound (GBP)

Mixed trading for the pound yesterday, as it succumbed to the euro but managed to edge higher versus the dollar. EUR/GBP crawled back up to .8369, up 28 from its opening price, while GBP/USD finished at 1.5669, marking a 40-pip victory on the day. Read more…

Japanese Yen (JPY)

Yen crosses continue to rally! The yen extended its losses against its higher-yielding counterparts as a risk rally ensued yesterday. EUR/JPY climbed 69 pips to 101.94 while GBP/JPY ended the day 40 pips higher at 121.80. The Bank of Japan must be smiling from ear to ear! Read more…

Canadian Dollar (CAD)

Way to go, Loonie! Thanks to renewed risk appetite, the Canadian dollar pocketed huge gains against the Greenback yesterday. USD/CAD opened at 1.0099, reached a high of 1.0148, then ended the day at 1.0036. Read more…

Australian Dollar (AUD)

Soft inflationary data? Who cares! The Aussie shrugged off its weaker-than-expected CPI to post big gains during yesterday’s trading. The broad risk rally we witnessed saw AUD/USD end the day 125 pip higher at 1.0605. Yowza! Read more…

New Zealand Dollar (NZD)

With risk appetite on its back, the Kiwi soared to new highs, as it closed at .8180, 76 pips above its opening price. Boo yea baby! Read more…

Swiss Franc (CHF)

Taking advantage of the scrilla’s weakness, the Swiss franc trampled its way to a major victory yesterday, as USD/CHF dropped 59 pips from its opening price to close at .9212. 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!