Daily Economic Roundup – November 26, 2010

What’s on the Economic Horizon

German CPI To Show Inflation Remains Subdued
Upside Surprise in Swiss KOF?

United States

The Greenback was relatively well-behaved yesterday as most major pairs stayed warm and cozy inside their ranges. It does look like the winter season’s starting to freeze up the liquidity in the markets! More…

Euro zone

With U.S. traders off on holiday, it was no surprise to see EUR/USD trade within a range of about 100 pips. After dipping lower to start the London session, the pair bounced back up and finished the trading day at 1.3388, 60 pips above its opening price. More…

United Kingdom

Just as it was for the other major currencies, action for the pound was about as boring as it gets. With the U.S. players out on holiday, Cable traded within a 50-pip range, closing just 15 pips from its opening price at 1.5760. More…

Japan

Cease fire! Yen bulls and bears decided to call it quits yesterday as USD/JPY hardly moved from its opening price of 83.59. With no data to trade and U.S. traders celebrating Thanksgiving, USD/JPY was practically lifeless! More…

Canada

Is the Loonie aiming for parity with the Greenback again? Judging from Big Pippin’s chart art yesterday, it does look like it! The Loonie may have paused from its strong rally but it still was able to eke out a few gains against the Greenback, pushing USD/CAD below the 1.0100 mark. More…

Australia

Same story, different currency! Despite the release of a meaty economic report, the Aussie was practically dead on the charts yesterday. It closed hardly unchanged against both the yen and the Greenback. More…

New Zealand

Pretty quiet trading on the Kiwi front, which was expected given the U.S. holiday. NZD/USD closed just 2 pips lower for the day at .7303. More…

Switzerland

USD/CHF seems to be catching its breath after its recent rallies. The pair consolidated at the top of its range, which just happens to be around the psychological 1.0000 handle. Would it be able to hold on to parity? More…