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What’s on the Economic Horizon

Economic Reports to Boost the Euro?
U.S. Retail Sales and CPI Reports on Tap!
U.K. Bond Auctions Provide the Pound with Support

U.S. Dollar (USD)

Traders went loco for the dollar like hipsters go crazy for a David Guetta mix in yesterday’s trading. EUR/USD immediately traded lower after opening at 1.2908, ending the day at 1.2836. Heck, we even saw the USDX, which measures the dollar against a basket of currencies, rally to its 9-week high at 81.149! Read more…

Euro (EUR)

This is turning into a bloodbath! EUR/USD marked its FIFTH losing day yesterday as risk aversion reared its ugly head in the markets again. EUR/USD closed the day at 1.2836, 72 pips lower from its opening price. Read more…

British Pound (GBP)

The pound sure knows a thing or two about being resilient, doesn’t it? While other higher-yielding currencies got hit by risk aversion, the pound managed to outpace the Greenback as GBP/USD closed 30 pips up from its 1.6066 open price. Will it be able to hold on to its gains today? Read more…

Japanese Yen (JPY)

The yen ruled the charts like Ja Rule used to dominate billboards back in the day. Thanks to risk aversion, it scored gains against all of its major counterparts. Even the mighty U.S. dollar gave up 11 pips when USD/JPY closed at 79.87. Meanwhile, EUR/JPY closed 72 pips below its opening price at 102.51. Read more…

Canadian Dollar (CAD)

The Loonie started the week on a sour note yesterday as it was unable to hold its ground against the safe haven Greenback. The Loonie was sold-off throughout the day and ended the U.S. trading session with a 36-pip loss at 1.0029. Read more…

Australian Dollar (AUD)

How low can you go, Aussie? AUD/USD dropped like it was hot in yesterday’s trading, all the way down to its 5-month low at .9958. By the end of the day, the pair was down 78 pips at .9966. Read more…

New Zealand Dollar (NZD)

The Kiwi got its wings clipped by risk aversion in yesterday’s trading, forcing NZD/USD to break below the .7800 handle. NZD/USD dipped to a low of .7758 and ended the day at .7776. Read more…

Swiss Franc (CHF)

The Swissy took a beating from the safe-haven Greenback yesterday as risk aversion dominated the markets. USD/CHF opened near the .9300 handle then zoomed to a high of .9366 before closing at .9357. Let’s take a look at the upcoming releases to see if the Swissy could get back on its feet today. 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!