Daily Economic Roundup – April 23, 2010

What’s on the Economic Horizon

March Core Durable Goods Orders To Rise 0.7%
German Ifo Business Climate Index on Deck
UK First Quarter GDP to Print 0.4% Growth
Canadian CPI, Retail Sales Still Rising?

United States

The US dollar found itself trading higher against most major currencies yesterday when some more bad about Greece’s fiscal condition hit the airwaves. Eurostat, an institution which provides the euro zone with statistical information, revealed announced that Greece’s deficit could hit around 14% of its GDP by the end of this year instead of 12.7% like initially predicted. More…

Euro zone

The EUR lost its grip on its early lead against the dollar and yen to close the session at a loss. The EURUSD fell to and closed at 1.3314 from 1.3398. Similarly, the EURJPY slipped to 124.61 from 124.86. More…

United Kingdom

Oh bugger! The cable was unable to hold on to its recent gains as it slid back below the 1.5400 handle yesterday. The guppy was a bit more fortunate since it kept within its range after hitting a high of 144.19. More…

Japan

The Japanese yen had a mixed performance yesterday as it strengthened against the euro, weakened against the greenback, and ended almost unchanged against the pound and the Aussie. More…

Canada

For the second day in a row, the CAD gave up minimal gains, as dollar strength was seen across the board. The USDCAD closed at parity 1.000 and remained its daily range of 90 pips. With it being a Friday, could we be in line for some profit taking today from all those CAD bulls? More…

Australia

Up and down day for the Aussie, as the AUDUSD pair basically stayed within its average daily range of about 80 pips. The pair ended the day at 0.9288, but appears to be heading lower to start today… Is this a sign of things to come? More…

New Zealand

The Kiwi traded flat again versus the greenback yesterday. Being in consolidation mode for a couple of days is usually a sign of a possible big movement soon. Given this, will we see a breakout in the NZDUSD pair today? More…

Switzerland

Just like the euro, the Swiss franc received a serious beating from the dollar in yesterday’s trading session. The USDCHF ended the US trading session at 1.0767, almost 70 pips higher from its Asian session open price. More…