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U.S. Dollar (USD)
After burning rubber throughout the week, the dollar bulls took their foots off the pedal, allowing higher yielding currencies to catch up. EUR/USD gained 69 pips to finish at 1.3270, while AUD/USD retreated back to up to 1.0467, 78 pips above its opening price. Read more…
Euro (EUR)
With risk appetite up, the euro became hotter than the south of Spain in Friday’s trading. The shared currency traded higher against most of its counterparts, with EUR/JPY up 24 pips for the day and EUR/USD closing 69 pips above its opening price at 1.3270. Read more…
British Pound (GBP)
Despite the worse-than-expected reports from the U.K., Cable still managed to some gains last Friday. It closed the U.S. trading session at 1.5869, 48 pips higher from its opening price that day. Read more…
Japanese Yen (JPY)
With risk appetite back in play, the yen took a small hit to end the week. EUR/JPY hit as high as 109.84 before finally settling at 109.26, 31 pips above its opening price. Read more…
Canadian Dollar (CAD)
Party at parity! USD/CAD traded around the major 1.0000 psychological handle on Friday, tapping an intraday high of 1.0035 and a low of .9971. The pair then closed the week at .9978, with a 15-pip win for the Loonie for the day. Read more…
Australian Dollar (AUD)
The Aussie jumped up like a baby joey to end the week, paring some of its earlier losses. AUD/USD rose 78 pips to end the week at 1.0467. Will the Aussie bulls continue to charge today? Read more…
New Zealand Dollar (NZD)
After it had experienced a massive sell-off the days prior, the NZD/USD pair showed some strength on Friday. Thanks the slight case of risk appetite, NZD/USD closed the day with a solid and respectable 88-pip win. Read more…
Swiss Franc (CHF)
It ends at three! The Swissy finally snapped its 3-day winning streak last Friday as traders decided to shy away from the safe haven dollar and rallied to European and higher-yielding currencies. USD/CHF ended the U.S. trading session with a 53-pip win at .9081. 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!
