Every day, I will present to you my findings and daily commentaries on what recently happened in the economic arena, possible shifts in sentiment, economic events to watch out for, and their effects on currencies. This blog, however, is not an economic crystal ball. I am not a fortune teller - I will simply try to piece together some economic updates so I can provide you with my scholarly opinions and analysis on the markets for a ‘sneak preview’ on what lies ahead.
What's on the Economic Horizon
U.K. CPI to Overshoot Expectations and BOE Target Range?
Japan's Tertiary Industry Index to Post 0.5% Decline
Euro Zone GDP Reports on Tap
U.S. Retail Sales Figures Due Today
United States
Without any economic report on tap, the dollar grooved to the beat of its counterparts in yesterday's trading. It was able to move its currency-hips like yeah against the euro when EUR/USD fell more than a hundred pips from its intraday high to 1.3428, before closing the day at 1.3487. More...
Euro Zone
Tic-tac-toe, that's three in a row! The euro recorded its third consecutive drop against the dollar amidst a decline in industrial production and renewed sovereign debt fears. EUR/USD slipped 21 pips to 1.3488 while EUR/JPY dropped 46 pips and finished at 112.32. More...
United Kingdom
Pound pairs took a breather from their recent declines as GBP/USD fought to stay above the 1.6000 handle while GBP/JPY managed to find support around 133.30. Well, the U.K. was report-free yesterday so let's see how it'll fare today. More...
Japan
Yen pairs' performance was as mixed as the reactions to the Grammy winners. The yen strengthened against the euro, ranged against the Greenback, and weakened against the pound yesterday. How will it behave today? More...
Canada
After 24 hours of trading, the Loonie ended up unchanged against the Greenback! Neither currency gave way as USD/CAD was eventually able to recoup the losses it incurred early in the day. When all was said and done, the pair closed at .9884, unchanged from its opening price. More...
Australia
Just when the Aussie thought it was in for another trip to the bear lair, tugsh! AUD/USD found support at its opening price of 1.0008. Wheew! It then traded higher all the way to its closing price of 1.0035. Now that was a close one! More...
New Zealand
Who wants Kiwis? No one?! Hmm... It seems the release of New Zealand's latest retail sales figures early in the day was enough to keep buyers at bay! After seeing the disappointing numbers, I wasn't surprised to see that NZD/USD dropped 32 pips to .7573. More...
Switzerland
The Swissy was lookin' fly during yesterday's trading despite the lack of economic reports from Switzerland. USD/CHF swan-dived to its closing price of .9699 as soon as it opened at .9748 while EUR/CHF ended the day 88 pips lower at 1.3083. More...
Related Posts:
- Daily Economic Roundup - February 16, 2011 22:04 15 February 2011
- Daily Economic Roundup - February 3, 2011 21:30 02 February 2011
- Daily Economic Roundup - February 1, 2011 21:35 31 January 2011
- Daily Economic Roundup - December 15, 2010 22:07 14 December 2010
- Daily Economic Roundup - March 3, 2011 22:19 02 March 2011
