Daily Economic Roundup – April 6, 2010

What’s on the Economic Horizon

Expect Volatility: FOMC Meeting Minutes Ahead
UK Consumer Confidence on the Rise?
RBA 0.25% Rate Hike: Aye or Naye?

United States

If the American Idol judges were to comment on the greenback’s performance yesterday, they’d probably say it was all over the place. The USD emerged stronger than the EUR, NZD, and CHF but had lackluster movement compared to the JPY, GBP, AUD, and CAD. More…

Euro zone

Ouch! The euro took a few hits from the greenback and the yen yesterday after the Greek debt drama made a reprise. Argh, I thought these conflicts were over and done with already! More…

United Kingdom

Relatively tight trading on the cable yesterday, as it stuck within a range of about 80 pips. With some economic reports on deck today, could we see some stronger moves? More…

Japan

For the first time in a week, the yen was able to slice the dollar like a sushi roll, as it posted some decent gains. Some see this as a technical correction given the strong upmove we have seen the past couple of weeks. Could this be an opportunity for traders to get in at a cheaper price? More…

Canada

Thanks to sharp rise of crude oil, the Loonie was able to kick off the week on a high note, staging a stellar rally against the greenback yesterday. The USDCAD ended the US trading session at 1.0022, almost 100 pips lower from its week open price. More…

Australia

Due to the lack of economic news, the AUDUSD found itself dazed and confused yesterday, unable to find direction. The AUDUSD just bounced around a tight 40-pip range and closed the day hardly changed at 0.9212. More…

New Zealand

The Kiwi was unable to soar yesterday as New Zealand’s index of business confidence slid down during the first quarter of 2010. As a result, the NZDUSD stayed below the 0.7050 mark and dipped to a low of 0.7020 by the end of the London session. More…

Switzerland

Pretty slow day for trading, as European traders were off enjoying the holidays, wining and dining. The USDCHF traded within a range of just 60 pips, closing 11 pips higher at 1.0626. More…