Article Highlights

  • Japan’s December consumer confidence index at 41.3 vs. 43.0 expected
  • Nikkei closes down 0.08% at 15,734.46
  • Japanese Economy Minister Akira Amari says CAPEX is expected to expand significantly.
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Consolidation was the name of the game thanks to a lack of market-moving catalysts during the Asian session. European currencies like the euro and the pound barely moved from their open prices while the yen also traded sideways.

The Aussie snagged a couple of pips from its counterparts after AUD/USD encountered support at the .8800 handle. NZD/USD wasn’t so lucky though, as it gave up most of its weekly gains after traders took profits from their AUD/NZD shorts.

At 8:15 am GMT we’ll see Switzerland’s producer and import prices, followed by the big U.K. retail sales report. The headline figure is expected to come in at 0.5% after showing a 0.3% growth last month. The report usually has a significant impact on the pound pairs so keep your eyes peeled for any surprises!

See also:

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!