Daily Economic Roundup - February 16, 2010
What's on the Economic Horizon
US TIC Long-term Purchases Due Tonight
Canada's Manufacturing Sales to Post 2.1% Rise
UK's Y/Y CPI Seen At 3.6% in January
United States
With US traders and banks on a holiday due to President's day, liquidity was low and trading was pretty quiet. The EURUSD traded within a range of a measly 60 pips, while similar movement was seen in other pairs. More
Euro Zone
What a snoozer yesterday was! The most traded and liquid currency pair of all, the EURUSD, failed to make any significant moves, as it just bounced around a tight 50-pip range. It closed the US session at 1.3600, just a mere eight pips lower from its week open price. More...
United Kingdom
The pound just traded within a tight range against the dollar and yen yesterday due to a bank holiday in the UK and the US. The cable (GBPUSD) closed slightly lower at 1.5660 from 1.5675. The guppy (GBPJPY) also edge lower to 140.91 from 141.34. More...
Japan
The yen was a snoozer yesterday as it just traded flat versus the other majors given the lack of economic flows in the major economies. Volatility, however, is expected to pick up today with the release of the UK's inflation figures and Germany's Zew economic surveys. More...
Canada
Despite the relatively slow trading day, the loonie managed to take advantage of the US traders' absence and make some headway against the greenback. After a brief period of consolidation, the USDCAD slipped below the 1.5000 mark even though Canada didn't release any economic reports. More...
Australia
Yawn... Yesterday was a slow trading day for the Aussie since Australia didn't release any economic reports and most US traders were off on a President's Day holiday. The AUDUSD managed to keep its head above the 0.8850 level as it edges closer to the 0.8900 handle. More...
New Zealand
Despite weak data, the Kiwi was able to climb up a couple of pips early today. The Kiwi is currently sitting just a few pips below 0.7000, slowly making its way to the previous week's high at 0.7022. More...
Switzerland
It seemed like everyone was off skiing at the Swiss Alps yesterday, as we barely saw any movement in the markets. The USDCHF basically didn't move, closing just 5 pips higher after trading withing an area of just 50 pips. More...
Related Posts:
- Daily Economic Roundup - February 23, 2010 20:29 22 February 2010
- Daily Economic Roundup - December 15, 2009 20:28 14 December 2009
- Daily Economic Roundup - February 9, 2010 20:53 08 February 2010
- Daily Economic Roundup - January 26, 2010 20:25 25 January 2010
- Daily Economic Roundup - November 26, 2010 21:00 25 November 2010
Forex Blog: Pipnoculars

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.
