What’s on the Economic Horizon
S&P/CS HPI and CB Consumer Confidence on Deck
GfK German Consumer Climate Expected to Rise to 6.2 From 6.0
U.S. Dollar (USD)
Dang you, Ben Bernanke! No thanks to Ben’s dovish comments on future interest rates, the Greenback was heavily sold-off against most major currencies yesterday. The U.S. dollar index closed the U.S. trading session at 79.36, down 0.41 from its opening level that day. Read more…
Euro (EUR)
Looks like the euro bulls aren’t done partying just yet! Thanks to a surprisingly strong German data and a rally in risk appetite, the euro was able to post more gains against its counterparts yesterday. EUR/USD rocketed from a low of 1.3192 to its 1.3359 closing price, while EUR/JPY posted a 126-pip gain at 110.62. Read more…
British Pound (GBP)
Whoa! Talk about a comeback! The pound was trading lower against the dollar during the Tokyo and London sessions and tapped an intraday low of 1.5801. It then hustled some muscle and rallied to end the day at 1.5971, 99 pips above its opening price. Read more…
Japanese Yen (JPY)
The Japanese yen edged lower across the board yesterday as a bit of risk appetite managed to make its way to the market. By the end of the U.S. trading session, the currency was 39 pips lower versus the dollar and 126 pips lower against the euro. Read more…
Canadian Dollar (CAD)
When the comdolls start gaining across the board, you just know that the Loonie bulls are in front of the action! No economic report was released from Canada yesterday, so Loonie traders turned their focus on risk appetite. USD/CAD dropped from its intraday high at parity all the way to its .9913 closing price. Read more…
Australian Dollar (AUD)
One more and it’s a hat trick! Tanks to wide-spread dollar weakness, the Aussie was able to post another winning day yesterday. AUD/USD ended the U.S. trading session at 1.0534, a very respectable 71 pips higher from its opening price that day. Read more…
New Zealand Dollar (NZD)
Fly, Kiwi, fly! That’s exactly what the comdoll did in yesterday’s trading. After tapping support at .8150, NZD/USD skyrocketed up the charts to end the day 50 pips above its opening price at .8226. Read more…
Swiss Franc (CHF)
Swiss franc’s got swag! Well, at least in yesterday’s trading. It pared the losses it incurred during the Tokyo session against the dollar when USD/CHF dropped from its intraday high of .9138 to close the day at .9030. 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!
