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.
Daily Economic Roundup - February 2, 2010
What's on the Economic Horizon
US Pending Home Sales to Rise 0.4%
German Retail Sales to Rebound in December
Halifax HPI Due Any Day Now
RBA... Another Rate Hike?
United States
After several days of prevailing over the other major currencies, the greenback finally took a breather to close at a distant second yesterday. The rebound in the US markets led investors to buy higher yielding currencies, leaving the dollar on the sidelines. More...
Euro Zone
Finally! The EUR ended its losing streak against the USD yesterday as it climbed to a high of 1.3940 during the US session. Euro zone's final manufacturing PMI enjoyed an upward revision, providing support for the EUR. More...
United Kingdom
Sweet marmalade! After trading as low as 1.5851, the GBPUSD pair shot back up to close the day at 1.5961 as risk appetite was strong in yesterdays trading session. Could this be a sign that the cable is on the comeback trail after last week's losses? More...
Japan
The yen took a hit yesterday as risk appetite was the name of the game in yesterdays trading sessions. Yen crosses all rose, with the GBPJPY cross rising over 100 pips. More...
Canada
Thanks to the rebound in commodity prices, specifically the uptick in the price of crude oil, the Loonie was able to find some buying support in yesterday's trading session. After opening the week at 1.0704, the Loonie found itself at 1.0609 by the end of the US trading session. More...
Australia
The Aussie started the week on a good note yesterday, retracing all of its losses from Friday's trading session. From its week open price of 0.8800, the Aussie was able to rise up and close the US trading session at 0.8914. More...
New Zealand
The Kiwi soared higher yesterday despite the lack of high-impact reports from New Zealand. The improvement in risk appetite and the reported uptick in commodity prices pushed the Kiwi and its com-doll buddies higher. More...
Switzerland
The Swissy snapped its 5-day losing streak against the dollar in yesterday's trading. The USDCHF fell and settled at 1.0558 from 1.0609. More...
Related Posts:
- Daily Economic Roundup - January 7, 2010 20:11 06 January 2010
- Daily Economic Roundup - March 30, 2010 21:41 29 March 2010
- Daily Economic Roundup - March 4, 2010 20:29 03 March 2010
- Daily Economic Roundup - February 26, 2010 20:22 25 February 2010
- Daily Economic Roundup - April 1, 2010 21:30 31 March 2010
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