Daily Economic Roundup – April 14, 2010

What’s on the Economic Horizon
Upside Surprise in US Retail Sales?
Euro Zone Industrial Production to Rise 0.2%
UK Nationwide Consumer Confidence on Tap

United States

With no major catalysts to provide a nice rhythm to dance to, the currency markets pretty much stayed in a two step. The EURUSD ended up closing near its opening, to finish at 1.3587. With more high impact data on deck today, could we finally see more convincing directional moves? More…

Euro Zone

As expected, the EURUSD was found sleeping job yesterday and drifted around a relatively tight 80-pip range. The pair ended the US trading session at 1.3587, barely changed from its Asian session opening price of 1.3584. More…

United Kingdom

The GBP closed in a mixed fashion yesterday. The Cable (GBPUSD) fell to and closed at 1.5364 from 1.5372. The Guppy (GBPJPY), in a similar way, also slipped slightly to close at 143.14 from 143.34. More…

Japan

The yen came out mixed yesterday, pocketing some marginal gains over all the other majors except the CAD and CHF. The yen could be bound for a major move today. The question now is: which way will it go? More…

Canada

The Loonie was off to a slow start during the Asian session but saw some swashbuckling action when the US session kicked off. After hitting an intraday high of 1.0066, the USDCAD retreated towards the 1.0000 mark. More…

Australia

Business confidence may have weakened in Australia but the Aussie was still able to strengthen against the greenback and the yen. The AUDUSD bounced from a low of 0.9225 while the AUDJPY landed safely above the 86.00 handle. More…

New Zealand

Due to the absence of economic data yesterday, the NZDUSD found itself stuck in a tight range. The NZDUSD ended the US trading session at 0.7104, just a mere 16 pips lower from its Asian session opening price. More…

Switzerland

Despite the lack of any economic data yesterday, the franc came out ahead, posting some nice gains versus both the dollar and the euro. Both the USDCHF and EURCHF closed more than 50 pips lower from their opening prices. More…