What’s on the Economic Horizon
Fed Not Willing To Pull QE3 Trigger Yet
Australia’s Employment Numbers Disappoint Expectations
BOJ to Add More Stimulus?
U.S. Dollar (USD)
Better luck next time, folks! The Fed surprised markets yesterday when its FOMC minutes revealed less inclination to pull the QE3 trigger. The Greenback bulls celebrated the news and pushed USD/JPY to 27 pips higher to 79.68 while EUR/USD made a two-year low at 1.2243. Read more…
Euro (EUR)
That’s another new low for EUR/USD, ladies and gentlemen! EUR/USD dipped to a new 2012 low of 1.2213 after the release of the FOMC meeting minutes while EUR/JPY struggled to hold on to the 97.50 handle. Will the euro pairs continue to head south today? Read more…
British Pound (GBP)
Due to the absence of tier 1 data in the U.K., the pound was unable to pick a single direction versus the safe haven dollar yesterday. GBP/USD, which had begun the day at 1.5520, climbed as high as 1.5579 before closing the U.S. trading session at 1.5502. Read more…
Japanese Yen (JPY)
To ease or not to ease? That’s the question that has gotten the yen bulls and bears busy lately. It looks like the yen bears won the tug-o-pip war yesterday though, since both USD/JPY and EUR/JPY enjoyed 27-pip rallies. So why are investors are pricing in more BOJ stimulus? Read more…
Canadian Dollar (CAD)
Consolidation is the name of the game! USD/CAD moved sideways around the 1.0200 mark, despite the top-tier releases from both U.S. and Canada. Will we see a breakout today? Read more…
Australian Dollar (AUD)
Who’s the king of pips? The Aussie is! Thanks to good economic data, AUD/USD jumped to an intraday high of 1.0282 before it leveled off to close 58 pips above its open price. What is this piece of good data and why did it boost the Aussie so much? Read more…
New Zealand Dollar (NZD)
Up, up, and away! NZD/USD managed to clock in some gains yesterday as the relatively stable financial markets encouraged traders to pursue higher yields. NZD/USD closed the U.S. trading session at .7965, 21-pip higher from its opening price. Read more…
Swiss Franc (CHF)
Is that a new low I see? Why, yes it is! The Swissy was once again sold off yesterday as it made a fresh 19-month low against the safe haven dollar. Despite the new low, the Swissy traded relatively stable and closed the day with a mere 6-pip loss. Read more…
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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!
