Daily Economic Roundup – April 25, 2011

What’s on the Economic Horizon
U.S. New Home Sales higher at 280,000 in March?
Japan All Industries Activity report came in at 0.4%.

United States

I hope y’all had a cup of joe while trading last Friday, ’cause price action was a real snoozer! The dollar’s movements were quite limited as many of our fellow traders were out on holiday. As a result, EUR/USD moved just 10 pips lower to 1.4548. Meanwhile, GBP/USD slid 12 pips down to 1.6516. More…

Euro zone

After the EUR/USD’s strong move on Thursday, the pair decided to just take it easy and chillax inside a very tight 55-pip range on Good Friday. It closed the day at 1.4548, a mere 10 pips lower from its opening price during the Asian session. More…

United Kingdom

Save for a minor spike at the wake of the London session, price action on Cable during Friday’s trading was as calm as the clear, blue Easter sky. GBP/USD tapped an intraday high of 1.6570 before ending the day 12 pips lower from its opening price at 1.6516. More…

Japan

Much like everything else, trading the yen was a real bore last Friday. It had everyone yawning as USD/JPY only moved 10 pips up from its opening price of 81.82. Even EUR/JPY and GBP/JPY, pairs that tend to be very lively, were unusually tame. EUR/JPY moved just 6 pips up to 119.16 just as GBP/JPY rose 7 pips to 135.29. More…

Canada

Yawn! Is there anything more boring than USD/CAD’s price action last Friday? Due to the absence of economic data and traders celebrating Good Friday, the pair’s price action was… well, dead. If you look at the pair’s movement, you’d see that the pair just traded within a very narrow 27-pip range! More…

Australia

Not one to get left behind, the Aussie joined the snoozer bandwagon and decided to chill on the charts last Friday. AUD/USD stayed within a narrow 35-pip range as the lack of economic data had everyone feeling sluggish. More…

New Zealand

The Kiwi’s price action was limited last Friday as New Zealanders hit the weekend off early. NZD/USD traded within a tight 36-pip range and ended the day 6 pips higher from its opening price at .8020. More…

Switzerland

Yikes! .8850 proved to be too much for the Swissy to handle! USD/CHF just bounced off the support level during Friday’s trading before closing at 4 pips higher from its opening price at .8858. More…

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