Article Highlights

  • US initial jobless claims: 283K vs. 290K expected, 304K previous
  • US leading index: 0.2% vs. 0.3% expected, 0.4% previous
  • US Philly Fed index: 5.2 vs. 9.0 expected, 6.3 previous
  • JP flash manufacturing PMI due today
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With little or no major news data, forex traders went back to pricing in their risk sentiment. How did the major currencies trade yesterday?

The dollar gained back pips from some of its counterparts, as forex traders turned their focus on meetings between Greek and Eurogroup officials. It also helped that traders who sold the dollar post FOMC went back to buying the Greenback.

EUR/USD slipped by 21 pips (-0.19%) to 1.1360, USD/CHF shot up by 11 pips (+0.12%) to .9499, and GBP/USD was stuck in a range near 1.5430.

Comdoll bulls also got busy despite another dip in oil prices. USD/CAD shot up to an intraday high of 1.2551 before settling back down to 1.2497 while CAD/JPY inched 13 pips (+0.14%) to 95.20.

The Asian session forex trading calendar looks light with China still on a Spring Festival holiday and only Japan’s flash manufacturing PMI report on tap. This doesn’t mean that you shouldn’t watch your charts though, since we only have a few hours before Greece and the euro zone officials possibly release a deal.

See also:

London Session Recap

Bonnie and Clyde, peanut butter and jelly, Kanye West and Kanye West. 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!