Daily Economic Roundup – April 15, 2011

What’s on the Economic Horizon

EZ CPI report to hint more rate hikes?
TIC report for February on deck!
U.S. consumer sentiment improved in April?

United States

Just when you thought the Greenback has brought sexy back, dovish comments and worse-than-expected data come up and turn off traders. It lost to almost all of its major counterparts, giving up 50 pips to the euro and 80 pips to the pound. More…

Euro zone

What a comeback! After dipping to a low of 1.4365, EUR/USD got back on its feet and closed 6 pips shy of the 1.4500 handle. Is it getting ready to make a new yearly high? More…

United Kingdom

Boom, baby! After GBP/USD’s choppy movement on Wednesday, the pair suddenly burst with life yesterday. It closed the session at 1.6347, almost 100 pips higher from its opening price. More…

Japan

Thanks to risk aversion, the yen looked as hot as J. Lo in yesterday’s trading. It gained against almost all of its counterparts. USD/JPY closed 30 pips lower from its opening price at 83.50 while EUR/JPY reached a low of 119.26 before closing at 120.95. More…

Canada

The Loonie was acting loony yesterday as it bobbed up and down inside a 50-pip range against the Greenback. USD/CAD bounced at the .9600 handle but changed its mind upon reaching the .9650 minor psychological level. Will it be able to find a clearer direction today? More

Australia

AUD/USD bounced back and forth support at 1.0470 and resistance at 1.0550 all throughout yesterday’s trading. Boing, boing, boing! But at the end of the day, the pair settled 39 pips higher from its opening price at 1.0547. More…

New Zealand

Judging from how it moved yesterday, it seems that NZD/USD is a real fan of roller coasters! From its day open price of .7887, the pair climbed to .7957, fell back to Asian lows and then rose AGAIN to close the day at .7935. What a woozy! More…

Switzerland

The Swissy turned out to be one of, if not the best, performing currencies yesterday as it managed to post a new all-time low versus the Greenback. USD/CHF had gone as low as .8896 before it closed the day at .8928. More…