Article Highlights

  • Nikkei down by 0.18% for the day
  • German import prices and U.K. CBI industrial orders data due
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Despite the lack of top-tier releases in today’s Asian trading session, forex pairs were still able to make some good moves across the charts. The comdolls were off to a strong start, with NZD/USD up 32 pips (+0.43%), AUD/USD higher by 11 pips (+0.14%), and USD/CAD down by 22 pips (-0.18%).

Yen pairs are also slightly higher so far, suggesting that risk appetite has somewhat improved at the start of the week. EUR/JPY advanced by 22 pips (+0.19%), GBP/JPY is higher by 8 pips (0.07%), and USD/JPY is up by 5 pips (+0.05%) but is still trading below the 119.00 handle. The Nikkei logged in a 0.18% loss for the day, as Asian equities were off to a rocky start.

Up ahead, the forex calendar shows that it will be a data-light London trading session as well. Only the German import prices report and the U.K. CBI industrial orders expectations index are lined up, both of which might not have such a strong impact on euro and pound movements.

Any updates on the Greek debt talks could still push euro pairs around, as Greece’s government officials and Eurogroup leaders were unable to reach an agreement last week. Despite that, market participants still seem hopeful that a deal will be made sooner or later, as the shared currency is able to stay afloat against its counterparts so far.

U.S. Session Recap

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!