About 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.

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June 2010

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Daily Economic Roundup - June 29, 2010

Posted 22:21 28 June 2010 | Comments

What's on the Economic Horizon
US Consumer Confidence to Dip in June
Swiss UBS Consumption Indicator on Deck
GfK Consumer Confidence Down to -20?

United States

Ho hum... Price action was a bit dry yesterday as the Greenback refrained from making any big moves against its counterparts. Traders hardly had any reaction to the G20 summit and the economic data released from the US. More...

Euro Zone

The euro started the week off on the wrong side of the bed, as it crapped out against the dollar. EURUSD dropped almost 100 pips from its opening price, to end yesterday at 1.2273. It looks like there are still some euro bears out there after all! More...

United Kingdom

Despite the absence of economic data from UK, the pound was able to gather enough strength to rally across the board yesterday. The pound, which posted significant gains versus the dollar, the euro, and the yen, turned out to be the best-performing currency amongst the major currencies. More...

Japan

Yen trading was as mixed as a bag of nuts yesterday. While it was able to post some gains against the euro and the Aussie, it lost out versus the pound. As opposed to the dollar, well, the yen ended the day barely changed! More...

Canada

Due to the absence of economic reports, USDCAD found itself pacing back and forth with a tight 52-pip range yesterday. The pair ended the US trading session at 1.0355, barely changed from its opening price. More...

Australia

Argh! Don't you just hate choppy waves when you're surfing? AUDUSD stayed within range and closed just 12 pips lower for the day. Is it time to just chill by the beach and drink an ice cold beer? More...

New Zealand

Wham, bam, shabam! Unlike its com-doll siblings, the Kiwi took a hit yesterday, as a report indicated that business confidence fell in the past month. NZDUSD finished 50 pips lower to close below the .7100 handle. More...

Switzerland

After starting the day strong, the Swissy eventually retreated and returned some of its gains against the Greenback. As a result, USDCHF rose from an intraday low of 1.0817 and closed at 1.0882. More...