What’s on the Economic Horizon
Canadian retail sales data to disappoint?
BOE Governor King to testify today
Australian CB leading index down 0.8%
U.S. Dollar (USD)
The Greenback sure knows how to mix things up! During yesterday’s trading, the U.S. currency closed higher against the Japanese yen and lower against the euro, Loonie, Swissy, and Kiwi. Meanwhile, its scuffle with the pound and the Aussie ended in a stalemate. Read more…
Euro (EUR)
Up, up, and away! The euro was able to show some strength yesterday, thanks to a bit of risk appetite. EUR/USD, which had started the day at 1.3021, rallied slowly during the day to end the U.S. trading session at 1.3057. Read more…
British Pound (GBP)
The pound’s price action was as mixed as a hotpot yesterday as the currency warriors traded on risk sentiment. Though Cable steadied at 1.6010, Guppy had shot up by more than 100 pips to 127.97. Meanwhile, EUR/GBP inched 24 pips higher at .8156. Talk about sending mixed signals! Read more…
Japanese Yen (JPY)
Just another day in the office for the yen! The Japanese currency lost to ALL its major counterparts in yesterday’s trading, with USD/JPY inching close to the 80.00 handle and GBP/JPY closing 3 pips shy of the 128.00 handle. Will the yen have a chance to recover today? Read more…
Canadian Dollar (CAD)
Are those muscles I see? Why, yes they are! For the first time in three days, the Loonie was able to advance versus the safe haven Greenback. USD/CAD had begun the day at .9946 but eventually fell and traded at .9922 by the end of the U.S. trading session. Read more…
Australian Dollar (AUD)
After gapping down over the weekend, AUD/USD ended almost exactly where it opened, which was at 1.0316. AUD/JPY, on the other hand, was able to rake in huge gains as it closed 48 pips above the 82.00 handle. What’s in store for the Aussie today? Read more…
New Zealand Dollar (NZD)
Phew! The Kiwi bulls breathed a sigh of relief yesterday as the Kiwi broke its losing streak against the Greenback. NZD/USD closed 20 pips higher than its open price after hitting an intraday low at .8148. Read more…
Swiss Franc (CHF)
Thanks to an improvement in risk appetite and lack of Swiss data, the franc had mixed reaction to its counterparts yesterday. USD/CHF slipped by 16 pips while EUR/CHF jumped by 15 pips. Will the franc provide a more interesting show 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!
