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Daily Forex Fundamentals – February 6, 2012

admin — Tue, 07 Feb 2012 01:28:19 +0000

What’s on the Economic Horizon

German Factory Orders to Turn Positive?
Ivey PMI to Fall to 58.6 From 63.5
RBA Expected to Reduce the Cash Rate by 25 Basis Points

U.S. Dollar (USD)

Is this a return to fundamentals we’re seeing? Thanks to the better-than-expected non-farm employment change, the Greenback was able to stay afloat versus other major currencies. The U.S. dollar index ended the U.S. trading session where it started, forming a doji-type candlestick. Read more…

Euro (EUR)

With risk appetite dominating the markets, who needs to watch the Super Bowl to see some action? Okay, maybe it’s not as exciting as watching The Big Game, but the euro managed to lock in some pips thanks to a positive jobs report in the U.S. EUR/USD traded on a 100-pip range before ending the day at its open price, but EUR/JPY rose by 47 pips to 100.34. Read more…

British Pound (GBP)

GBP/USD bounced up and down the 1.5800 handle last Friday like a seesaw. But after the pair plunged to its intraday low of 1.5750, the pound started to pare its losses and ended the day 15 pips above its opening price at 1.5817. Read more…

Japanese Yen (JPY)

The yen suffered across the board yesterday as traders unwound their carry traders on better-than-expected U.S. data. USD/JPY and EUR/JPY both rose on Friday, respectively gaining 33 pips and 47 pips. Read more…

Canadian Dollar (CAD)

Never mind poor economic data – risk appetite is here to stay! Thanks to a strong NFP report, USD/CAD blasted below its .9950 support and ended the day with a 60-pip drop at .9936. Boo yah! Read more…

Australian Dollar (AUD)

Friday was definitely a good day for the Aussie as it managed to steal some pips from the safe haven Greenback. AUD/USD closed the day at 1.0706, 9 pips higher from its opening price. Then, earlier today, AUD/USD rallied again despite a weaker-than-expected retail sales report. Read more…

New Zealand Dollar (NZD)

Thanks to the pick up in risk appetite, the Kiwi was able to rally to its 21-week high against the dollar on Friday. NZD/USD consolidated below where it opened for the most part of the day but traded higher during the New York session. By the day’s close, the pair had settled 28 pips above its opening price at .8361. Read more…

Swiss Franc (CHF)

What a buzzkill! Unlike the other major currencies, the Swiss franc was unable to rally against the dollar in Friday’s trading. USD/CHF traded higher and ended the day at .9184, up from its opening price of .9168. Read more…

Batman and Robin, 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!

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Daily Forex Fundamentals – January 31, 2012

admin — Mon, 06 Feb 2012 01:28:09 +0000

What’s on the Economic Horizon

German reports on the docket
Canadian GDP expected to increase by 0.2%
U.S. to publish consumer confidence data

U.S. Dollar (USD)

After weeks of trying, the dollar was finally able to bring sexy back yesterday! For the first time in weeks, the dollar was able to take away solid pips from its higher-yielding counterparts. While EUR/USD dropped an awesome 100 pips to end at 1.3130, GBP/USD fell 34 pips to 1.5702. The question is, will the dollar let these pips slip through its fingers today or will it extend its rally? Read more…

Euro (EUR)

Was that a drive-by shooting we just witnessed? With risk aversion coming back in force, the euro got killed in yesterday’s trading action. EUR/USD dropped a solid 100 pips to finish at 1.3130, while EUR/JPY closed at 100.24, down 120 pips from its opening price. Read more…

British Pound (GBP)

Just like Rafael Nadal who lost the Australian Open to my homeboy Novak Djokovic, the pound also failed to snatch a win against the dollar. GBP/USD traded lower yesterday and ended the day 34 pips below its opening price at 1.5702. Read more…

Japanese Yen (JPY)

And the Bank of Japan’s nightmares continue! The yen continued to strengthen across the boards yesterday, leading USD/JPY to fall another 32 pips and end the day at a new three-month low at 76.21. Will this finally get the central bank to step in? Read more…

Canadian Dollar (CAD)

With the dollar off to a quick start, the Loonie saw itself trading lower to begin the week. USD/CAD hit a high at 1.0071 before eventually stabilizing at 1.0028, just 18 pips above its opening price for the week. Will the bears eventually take over and push USD/CAD back below parity? Read more…

Australian Dollar (AUD)

Make no mistake about it, the Aussie didn’t bring its A-game yesterday! Rather than extending its three-day winning streak by another day, it ended up weakening against the Greenback. This led AUD/USD to fall 50 pips and end the day at 1.0595. What a combo breaker! Read more…

New Zealand Dollar (NZD)

Uh oh. It looks like the Kiwi’s flight up the charts is running out of fuel! NZD/USD opened at what turned out to be its intraday high at .8239 and dropped to a low of .8156. Before the day’s close, the pair settled at .8189. Read more…

Swiss Franc (CHF)

The Swissy’s scorecard was as mixed as a glass of margarita in yesterday’s trading. While it was able to end the day with an 11-pip win against the euro, it gave up 62 pips to the dollar when USD/CHF closed the day at .9181. 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!

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Daily Forex Fundamentals – February 2, 2012

admin — Mon, 06 Feb 2012 01:28:08 +0000

What’s on the Economic Horizon

Initial Jobless Claims to Fall to 373K
U.K. Construction PMI on Deck

U.S. Dollar (USD)

The combination of worse-than-expected economic data from the U.S., rumors that the Greek swap deal happening, and the solid results of the German and Portuguese bond auctions sparked a wide-reaching case of risk appetite yesterday. As a result, the dollar took a hit across the board, with the currency posting a 72-pip loss against the euro and a 71-pip fall versus the pound by the end of the day. Read more…

Euro (EUR)

“Up, up, here we go, go!” With an abundance of risk appetite to fuel its jet packs, the euro flew up the charts, gaining against the dollar and the yen. EUR/USD closed at 1.3152, up 72 pips from its opening price, while EUR/JPY finished at 100.25, posting a 52 pip gain on the day. Read more…

British Pound (GBP)

Whoa! Pound bulls partied like it’s the end of the world on the charts yesterday. Thanks to positive data and risk appetite, GBP/USD was able to end the day 71 pips above its opening price at 1.5828. Boo yeah! Read more…

Japanese Yen (JPY)

And the yen’s winning streak comes to an end! No thanks to the market’s appetite for risk, the yen was sent lower against most major currencies yesterday. Versus the euro, for instance, the yen posted a 56-pip loss. Read more…

Canadian Dollar (CAD)

And just like that, USD/CAD is now officially on the other side of parity! USD/CAD closed at .9991, as the Loonie closed 36 pips lower on the day. Is the pair destined for new lows? Read more…

Australian Dollar (AUD)

Why hello there risk appetite! Fortunately for the Aussie, the market was in a good mood yesterday, helping it rally despite not-so-good economic data. AUD/USD ended the U.S. trading session at 1.0697, a very respectable 80 pips higher from its opening price. Read more…

New Zealand Dollar (NZD)

Aaah, there’s nothing like the positive vibes to get the Kiwi hustlin’ up the charts. Thanks to overall risk appetite yesterday, NZD/USD was able to close 60 pips above its opening price at .8316. Read more…

Swiss Franc (CHF)

Negative data?? No problem! The Swiss franc still managed to rally against the dollar yesterday despite disappointing economic reports. USD/CHF started the day on an upward rally, reaching an intraday high of .9250, before trading lower and closing the day 43 pips below its opening price at .9161. Read more…

Batman and Robin, 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!

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Daily Forex Fundamentals – February 3, 2012

admin — Sat, 04 Feb 2012 01:31:38 +0000

What’s on the Economic Horizon

China’s services PMI prints at 52.9 vs. 56.0
U.S. NFP on tap at 1:30 pm GMT, expected to print at 145K

U.S. Dollar (USD)

The dollar’s price action was as mixed as a bag of beans yesterday as traders look forward to the big NFP numbers coming up in a few hours. EUR/USD ended the day with only a 7-pip fall to 1.1.3145, while USD/CHF closed with an 8-pip gain to .9168. Read more…

Euro (EUR)

Despite it being already the month of love, the euro didn’t get any lovin’ from traders in yesterday’s trading. EUR/USD failed to trade past the 1.3200 handle and dropped to an intraday low of 1.3085. The shared currency was able to pare some of its losses during the New York session but it still fell short of a win by 7 pips, closing at 1.3145. Read more…

British Pound (GBP)

GBP/USD found itself slightly lower yesterday, no thanks to the disappointing construction PMI figures. By the end of the U.S. trading session, GBP/USD sat at 1.5802, which was 26 pips lower from its opening price that day. Read more…

Japanese Yen (JPY)

Looks like the BOJ peeps aren’t as excited to intervene as many market geeks are expecting! We didn’t hear much jawboning from the BOJ yesterday, even when USD/JPY stayed near its record lows at 76.21, while EUR/JPY closed at 100.18. Read more…

Canadian Dollar (CAD)

Talk about a neck-and-neck fight! Bulls and bears played tug-o-pips on USD/CAD yesterday, with the pair just seesawing around its opening price of .9991. However, it was the dollar who came out on top by the end of the day’s trading as USD/CAD closed at .9996. Sorry Loonie! Read more…

Australian Dollar (AUD)

What bad economic data? Despite mixed economic reports from Australia, the Aussie bulls surfed the currency waves up and even pushed AUD/USD to the 1.0750 handle before pushing it to its 1.0706 closing price. Read more…

New Zealand Dollar (NZD)

With the non-farm payrolls just around the corner, NZD/USD was unable to pick a direction yesterday. The currency pair simply moved sideways and traded within a very tight 50-pip. NZD/USD ended the U.S. trading session at .8333, merely 14 pips higher from its opening price. Read more…

Swiss Franc (CHF)

What a bummer! It appears that the the threat of currency intervention, as well as the upcoming employment report from the U.S., kept the Swissy’s price action muted all day yesterday. EUR/CHF, for instance, closed the day at 1.2050, just 2 pips higher from its opening price during the Asian session. Read more…

Batman and Robin, 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!

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Daily Forex Fundamentals – February 1, 2012

admin — Thu, 02 Feb 2012 01:28:53 +0000

What’s on the Economic Horizon

U.S. Manufacturing And Jobs Reports On Tap
Will SNB Intervene As EUR/CHF Nears 1.2000?
Canada’s GDP for December Disappoints

U.S. Dollar (USD)

The dollar’s scorecard was as mixed as a bag of M&M’s in yesterday’s trading. While it was able to rally against the euro, snatching a 50-pip win as EUR/USD closed at 1.3080, it gave up 52 pips to the pound as GBP/USD closed at 1.5757. Read more…

Euro (EUR)

Red was the color of the day yesterday as most economic reports released from all over the globe failed to meet expectations. Because of this, EUR/USD was hit hard by risk aversion and posted its second straight day of losses. The pair closed the U.S. trading session at 1.3080, 50 pips lower from its opening price that day. Read more…

British Pound (GBP)

It looks like the cable bulls just needed a one day break before it could resume its crazy run! Once again, the bulls came out on top, as GBP/USD posted an impressive 55-pip win to finish at 1.5757. Could this be the start of another winning streak? Read more…

Japanese Yen (JPY)

There’s just no stopping the yen! Despite warnings of intervention, the yen continued to post gains against its counterparts. USD/JPY ended yesterday’s trading 12 pips below its opening price at 76.22. Meanwhile, against the euro, the yen was able to snatch a 55-pip win, closing the day at 99.69. Read more…

Canadian Dollar (CAD)

No thanks to Canada’s disappointing GDP figures and the slight case of risk aversion in the market, the Loonie was unable to make significant gains yesterday. Against the Greenback, for instance, the Loonie ended the day at 1.0027, which was just a 1 pip difference from its opening price. Read more…

Australian Dollar (AUD)

That’s two for two! The Aussie scored another win against the dollar yesterday as AUD/USD ended the day 22 pips above its opening price at 1.0617. Can it extend its winning streak to three days? Read more…

New Zealand Dollar (NZD)

And the uptrend continues! The New Zealand dollar bounced back yesterday and posted a 66-pip victory versus the dollar, hitting its highest level in four months. Is there no stopping the Kiwi? Read more…

Swiss Franc (CHF)

We saw some mixed results for the franc yesterday, as USD/CHF climbed 25 pips to finish at .9205, while EUR/CHF edged even closer to its “floor” at 1.2000, as it closed the day at Could we see another SNB intervention? 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!

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Daily Forex Fundamentals – January 30, 2012

admin — Tue, 31 Jan 2012 01:28:59 +0000

What’s on the Economic Horizon

U.S. Q4 2011 GDP Disappoints Forecasts
BOJ To Intervene Soon?
Greek Debt Deal Expected To Be Announced During The EU Summit

U.S. Dollar (USD)

And just when investors were starting to get over the Fed’s dovish FOMC statement, negative data from the U.S. were released and reminded markets that QE3 is indeed a real possibility. Consequently, the Greenback was unable to bring sexy back in Friday’s trading. Boo! Read more…

Euro (EUR)

We got mixed results from the euro last Friday. While it came out on top and earned 115 pips in its battle against the dollar, it marked its second straight loss against the yen and lost 12 pips. What can we expect from it today? Read more…

British Pound (GBP)

Clean sweep baby! For the second straight week, cable shut out the dollar, posting another 44 pip victory on Friday to finish at 1.5731. For those of you who can’t do simple math, that’s TEN straight days that GBP/USD has closed higher! Boomshakalaka! Read more…

Japanese Yen (JPY)

The yen sumo-wrestled and knocked out its counterparts once again in Friday’s trading. USD/JPY dropped to its one-week low of 76.65 before ending the day at 76.68, 77 pips below its opening price. Against the euro, the yen managed to snatch a 12-pip win as EUR/JPY closed the week at 101.36. Read more…

Canadian Dollar (CAD)

Parity holds AGAIN! Though the Loonie gained 9 pips against its American counterpart, it was unable to push USD/CAD below parity as the pair greeted the weekend at 1.0008. Will Loonie bulls attack 1.0000 again today? Read more…

Australian Dollar (AUD)

Just like Willow Smith’s hair, AUD/USD got whipped back and forth between the 1.0650 and 1.0600 handles in Friday’s trading. Luckily for the Aussie, negative data came out of the U.S. and helped it end the day with a 38-pip win. Read more…

New Zealand Dollar (NZD)

That’s what you call ending the week with a bang! The Kiwi soared higher on Friday, as risk appetite was still rampant in the markets. This helped NZD/USD close at .8189, up a solid 48 pips on the day! Read more…

Swiss Franc (CHF)

Just like its European counterparts, the Swiss franc exerted its dominance over the greenback in last Friday’s action. USD/CHF closed 81 pips lower to finish the week at .9125. This marked the third consecutive week that USD/CHF has finished lower. 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!

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Daily Forex Fundamentals – January 23, 2012

admin — Sun, 29 Jan 2012 01:28:14 +0000

What’s on the Economic Horizon

Australia’s PPI prints at 0.3% for 4Q 2011
Euro zone consumer consumer confidence report on tap
Canada leading index due today

U.S. Dollar (USD)

The dollar’s price action was as mixed as a bag of beans last Friday as traders remained cautious on what the euro zone officials are planning for the days ahead. GBP/USD climbed by another 75 pips to 1.5568, but USD/JPY slipped to 76.97 while EUR/USD also dropped by 33 pips to 1.2934. Read more…

Euro (EUR)

The euro ended its 4-day winning streak last Friday as traders closed out for the weekend. EUR/USD ended the U.S. trading session 1.2934, 34 pips lower from the beginning of the day. Read more…

British Pound (GBP)

The pound was too fly in Friday’s trading to be depressed by concerns about the euro zone. GBP/USD extended its upward rally, ending the week at 1.5568, 75 pips above its opening price for Friday. Read more…

Japanese Yen (JPY)

Yen strength is back in Vogue! Okay, maybe not exactly, but with the USD/JPY gaining 17 pips and EUR/JPY falling by 46 pips, it’s almost the same thing, right? Last Friday the yen lost against the comdolls, but strengthened against its other counterparts on mixed market sentiment. Read more…

Canadian Dollar (CAD)

The Loonie found itself sitting on the weaker side of the fence as the trading week closed last Friday. USD/CAD was unable to find a break below 1.0100 and closed the day 28 pips higher from its opening price that day. Read more…

Australian Dollar (AUD)

Surf’s up, Aussie bulls! Thanks to strong Australian data and a bit of risk appetite in markets, AUD/USD blasted above its intraweek resistance at 1.0450 and capped the week at 1.0485. Awesome! Read more…

New Zealand Dollar (NZD)

No data? No problem! Despite the lack of economic reports from New Zealand, the Kiwi still managed to end the week with a 34-pip win against the dollar for Friday as NZD/USD ended the week at .8062. Read more…

Swiss Franc (CHF)

Just when everyone thought that the franc would sweep last week’s trading with a 5-day winning streak against the dollar, USD/CHF got rejected at support just above .9300. By the end of Friday’s trading, the pair was 22 pips above its opening price at .9344. Bummer! 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!

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Daily Forex Fundamentals – January 27, 2012

admin — Sat, 28 Jan 2012 01:28:03 +0000

What’s on the Economic Horizon

KOF Economic Barometer on Tap
U.S. 2011 4Q GDP Projected at 3.0%

U.S. Dollar (USD)

Could the dollar’s suffering be coming to an end soon? While most of the major currencies posted new high versus the greenback, most of them gave back their gains by the end of the day, and in EUR/USD’s case, even allowed the dollar to edge higher. Read more…

Euro (EUR)

Is the euro rally starting to fizzle? After popping higher during the start of the London session, EUR/USD quickly erased its gains and closed 10 pips down from its 1.3113 open price. EUR/JPY also chalked up a losing day as it slipped a couple of pips below the 101.50 handle. Read more…

British Pound (GBP)

Is the pound’s rally finally about to come to an end? It posted its 9th straight victory against the dollar yesterday, but it didn’t really do it convincingly. GBP/USD rallied to a high 1.5735, but it couldn’t keep its head above the 1.5700 handle. It eventually ended the day at 1.5687, up only 18 pips on the day. Read more…

Japanese Yen (JPY)

After taking some bumps and bruises throughout the week, the yen was able to recuperate some of its losses in yesterday’s trading action. EUR/JPY topped out just above 102.00 before dropping late in the New York session to close at 101.48. Meanwhile, GBP/JPY dropped 30 pips from its opening price to finish at 121.50. Read more…

Canadian Dollar (CAD)

And parity holds for USD/CAD! But for how long? The Loonie made a strong rally yesterday but quickly reversed during the U.S. session when euro zone debt concerns resurfaced. Still, the Loonie was able to save some of its gains as USD/CAD closed 19 pips down from its 1.0036 open price. Read more…

Australian Dollar (AUD)

Just like its comdoll siblings, AUD/USD soared to new highs versus the dollar early in the trading day, only to give back most of the gains by the time the New York session rolled around. AUD/USD hit a high at 1.0689, but then settled at 1.0621, just 17 pips above its opening price. Read more…

New Zealand Dollar (NZD)

It seems like the Kiwi rally is finally losing steam! After opening at .8179, NZD/USD climbed to a high of .8237, but it eventually slid back down to end the day just 12 pips higher at .8191. Will Kiwi bulls pick up the pace today or will they lie down and submit to the bears? Read more…

Swiss Franc (CHF)

Every pip counts! The Swiss franc was able to pull off wins against both the dollar and the euro yesterday, and though its gains weren’t exactly impressive, seeing it rally against its two major counterparts isn’t something that happens everyday. It gained 5 pips against the dollar and stole 17 pips away from the euro. 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!

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Daily Forex Fundamentals – January 26, 2012

admin — Fri, 27 Jan 2012 01:29:14 +0000

What’s on the Economic Horizon

U.S. to print more tier 1 reports
U.K. CBI realized sales data on tap
Japan CPI to stay in the red?

U.S. Dollar (USD)

We didn’t get mixed results this time around! Practically everyone was anti-dollar yesterday! The Fed’s decision to keep monetary policy highly accommodating led to big gains in equities, commodities, and high-yielding currencies. As a result, the USDX trickled down from 80.30 to 79.89. Read more…

Euro (EUR)

EUR/USD popped up the charts yesterday as it broke above the 1.3000 and 1.3100 handles and reached a high of 1.3122. EUR/JPY also had its share of gains as it drew close to the 102.00 major psychological level. Can the euro hold on to its gains today? Read more…

British Pound (GBP)

Mixed trading for the pound yesterday, as it succumbed to the euro but managed to edge higher versus the dollar. EUR/GBP crawled back up to .8369, up 28 from its opening price, while GBP/USD finished at 1.5669, marking a 40-pip victory on the day. Read more…

Japanese Yen (JPY)

Yen crosses continue to rally! The yen extended its losses against its higher-yielding counterparts as a risk rally ensued yesterday. EUR/JPY climbed 69 pips to 101.94 while GBP/JPY ended the day 40 pips higher at 121.80. The Bank of Japan must be smiling from ear to ear! Read more…

Canadian Dollar (CAD)

Way to go, Loonie! Thanks to renewed risk appetite, the Canadian dollar pocketed huge gains against the Greenback yesterday. USD/CAD opened at 1.0099, reached a high of 1.0148, then ended the day at 1.0036. Read more…

Australian Dollar (AUD)

Soft inflationary data? Who cares! The Aussie shrugged off its weaker-than-expected CPI to post big gains during yesterday’s trading. The broad risk rally we witnessed saw AUD/USD end the day 125 pip higher at 1.0605. Yowza! Read more…

New Zealand Dollar (NZD)

With risk appetite on its back, the Kiwi soared to new highs, as it closed at .8180, 76 pips above its opening price. Boo yea baby! Read more…

Swiss Franc (CHF)

Taking advantage of the scrilla’s weakness, the Swiss franc trampled its way to a major victory yesterday, as USD/CHF dropped 59 pips from its opening price to close at .9212. 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!

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Daily Forex Fundamentals – January 25, 2012

admin — Thu, 26 Jan 2012 01:29:40 +0000

What’s on the Economic Horizon

FOMC Statement to Rock Markets During NY Session
BOE Meeting Minutes On the Clock
German Ifo Business Climate Report on Tap

U.S. Dollar (USD)

Mixed trading for the scrilla yesterday, which took some bumps and bruises versus the pound and Canadian dollar, but managed to scrape by versus the euro. Now that we’ve actually got some red flags coming up from the United States, what could be in store for the Greenback today? Read more…

Euro (EUR)

Higher and higher it goes! Though the euro lost 8 pips against the dollar, it put up big wins against the yen and the Swissy thanks to strong PMIs! EUR/JPY climbed 93 pips to finish at 101.26 just as EUR/CHF closed at 1.2091 to record a 14-pip gain. When will its rally end? Read more…

British Pound (GBP)

The pound chalked up another day in gains against the Greenback as GBP/USD breached the 1.5600 handle and closed at 1.5619. GBP/JPY also had its share of wins as it successfully cleared the 121.00 hurdle and landed at 121.40. Read more…

Japanese Yen (JPY)

The yen got rejected like a Sega console, letting yen crosses soar up the charts to new highs. EUR/JPY rose another 93 pips to close at 101.26, while GBP/JPY soared 151 pips to finish at 121.40. Read more…

Canadian Dollar (CAD)

Not this time, Loonie! Though Canadian core retail sales clocked in above forecasts, the Loonie was unable to capitalize on the better-than-expected data. As a result, USD/CAD inched up 25 pips from its opening price of 1.0074 to end the day just below the 1.0100 handle. Read more…

Australian Dollar (AUD)

Unlike its comdoll siblings, the Aussie found itself swimming at the bottom of the Great Barrier Reef yesterday. AUD/USD dropped 50 pips from its opening price to finish the day 1.0478. Could this be a sign of more losses for the Australian dollar? Read more…

New Zealand Dollar (NZD)

Ho humm… NZD/USD simply moved sideways yesterday as New Zealand didn’t release any top-tier economic data and risk appetite cooled down. The pair even formed a doji on the daily chart as it closed back at its .8105 open price! Read more…

Swiss Franc (CHF)

It was just one of those choppy days for the Swissy as USD/CHF spiked up and down between the .9250 and .9300 levels. EUR/CHF, on the other hand, traded higher and closed 14 pips up from its 1.2077 open price. 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!

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