What’s on the Economic Horizon
U.S. Building Permits, Housing Starts, Existing Home Sales on Deck
MPC Meeting Minutes Expected to Show a 0-0-9 Result
BOJ: No Change Expected on Rates but Stimulus Measures Possible
U.S. Dollar (USD)
Has Uncle Sam been going to the gym? It appears so, as the Greenback was able to outmuscle the major currencies for the second straight day yesterday. The U.S. dollar index, which tracks the performance of the Greenback versus a basket of currencies, rose to 79.69 from its opening level at 79.44. Read more…
Euro (EUR)
Despite the release of better-than-expected economic data, the euro struggled in yesterday’s trading games. EUR/JPY closed 45 pips lower to finish at 102.77, while EUR/USD dropped to 1.3038, 70 pips below its opening price. What gives? Read more…
British Pound (GBP)
And the winning streak ends at 5! The pound scored its first loss against the dollar since last week yesterday. GBP/USD traded sideways for the most part, but it looks like there was just not enough lovin’ for the pound. The pair closed with a 3-pip loss at 1.6244. Read more…
Japanese Yen (JPY)
BOOOOOOOOORING! Due to the absence of market-moving events, the yen simply moved in a horizontal channel versus the dollar yesterday. USD/JPY started the day at 78.75 and ended it barely changed at 78.83. Read more…
Canadian Dollar (CAD)
“Chillin’ like a villain, baby!” That was the motto for USD/CAD yesterday, as it stuck within a tight range of just 30 pips. Will the consolidation continue or is a breakout on the horizon? Read more…
Australian Dollar (AUD)
There weren’t much in terms of economic data for the Aussie yesterday yet the currency still exhibited a lot of movement. It opened up the day at 1.0474, fell to an intraday low at 1.0410, and then closed the U.S. trading session at 1.0453. Read more…
New Zealand Dollar (NZD)
Easy does it! Unlike it’s neighbor, the Aussie, the Kiwi was able to score pips against the dollar yesterday. NZD/USD finished the New York session 0.8269 after opening the day at 0.8256. Read more…
Swiss Franc (CHF)
Bad news from Switzerland spelled trouble for the Swiss franc yesterday. Just like most higher-yielding counterparts, the currency suffered a loss to the dollar. USD/CHF closed the day higher at .9285 after opening at .9273. 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!
