What’s on the Economic Horizon
U.S. Durable Goods Orders on Tap
Japanese Lower House Passes Tax Bill
German Preliminary CPI Due Today
U.S. Dollar (USD)
Mixed day for the scrilla, as it took some decent hits against the pound, the Australian dollar, and the yen but came away with small victories against the euro and the Swiss franc. Will we see more of the same today or are we in for more definitive trading? Read more…
Euro (EUR)
Chop chop! Yesterday was a topsy turvy one for EUR/USD as it struggled but failed to hold on to the 1.2500 major psychological handle. The pair dipped to a low of 1.2442 then managed to close at 1.2496, just 7 pips below its 1.2503 open price. EUR/JPY also had its share of losses as it closed 30 pips below its 99.57 open. Read more…
British Pound (GBP)
Though the U.K. reports we got yesterday weren’t exactly bull-friendly, the pound was able to chalk up decent gains against the dollar. Cable began its rally at the very start of the day, and by the end of the New York session, it had reached 1.5643 for a 70-pip gain on the day. Read more…
Japanese Yen (JPY)
Up-and-down day for the yen, as it edged higher against the dollar and euro but lost out against the pound. USD/JPY and EUR/JPY dropped 19 and 30 pips to finish at 79.45 and 99.27 respectively. Meanwhile, GBP/JPY ended the day at 124.28, up 27 pips from its opening price. Read more…
Canadian Dollar (CAD)
Hooray for the Loonie! Despite the lack of hard-hitting reports, Canadian currency was able to sneak in some gains against the Greenback yesterday as USD/CAD closed 52 pips down from its 1.0292 open price. Will it be able to hold on to its gains today? Read more…
Australian Dollar (AUD)
Wham, bam, thank you China, you the man! Thanks to some good Chinese data, the Aussie sailed higher in yesterday’s trading rounds. AUD/USD rose 59 pips to finish the day at 1.0066. Read more…
New Zealand Dollar (NZD)
Now that’s how you bounce back! NZD/USD completely erased its losses from Monday as it rose 41 pips to end the day at .7915. Has the market’s appetite for Kiwis returned? Read more…
Swiss Franc (CHF)
Not much action from the Swissy yesterday – USD/CHF only moved 9 pips up from its opening price of .9604! Will this snoozefest continue? 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!
