Daily Economic Roundup – February 18, 2011

What’s on the Economic Horizon

U.K. Retail Sales Seen at 0.6%
Canadian CPI to Tick Higher
G20 To Meet Over Weekend

United States

And just like that, it seems that risk sentiment is driving the market! Despite the release of positive economic data, the dollar found itself on the losing end yet again in yesterday’s trading. EUR/USD rose 36 pips to close at 1.3607, while GBP/USD managed to gain 74 pips to end at 1.6169. More…

Euro zone

Euro bulls had no problems with the worse-than-expected current account figure that was posted yesterday. They bought it up against the dollar faster than you can say “Ka-ching!” EUR/USD was able to post gains for the second straight day as it rested at 1.3607 after a 36-pip climb. More…

United Kingdom

With a hawk on its side, nothing kept the pound from being a rocketeer in yesterday’s trading. GBP/USD traded higher almost as soon as it opened at 1.6095 and zoomed all the way up to 1.6169. More…

Japan

Despite the absence of economic reports, the yen was still able to tackle the dollar into the bear lair yesterday. USD/JPY tumbled to its closing price of 83.31 after it tapped its intraday high at 83.75. More…

Canada

Loonie bulls must be snackin’ on some Kit Kats, ’cause those homies be takin’ a break yo! Amidst weak wholesale sales data, USD/CAD fell to a low of .9816 but eventually ended the day virtually unchanged at .9849. More…

Australia

The Aussie was feelin’ so fly like Keri Hilson in yesterday’s trading as RBA official Phillip Lowe became its T.I., backing it up on the charts. AUD/USD chilled at its opening price of 1.0038 and started to trading higher during the New York session, ending the day at 1.0114. More…

New Zealand

Back to back, baby! The Kiwi was once again able to regain some of its recent losses to the Greenback as it rode a strong manufacturing index reading to Winners’ Town! NZD/USD scurried up 36 pips to finish the day at .7590. More…

Switzerland

Winner, winner, Swissy, dinner! With tempers flaring up in the Middle East, traders turned to the franc, boosting it up against its major rivals. Both EUR/CHF and USD/CHF close 100 pips lower to finish the day at 1.2922 and .9494 respectively. More…