Daily Economic Roundup – March 24, 2010

What’s on the Economic Horizon

US New Home Sales On Durable Goods Orders Deck
UK Annual Budget Figures Due Today
New Zealand’s GDP To Print 0.8% Rise

United States

The USD ended yesterday’s session in a mixed fashion, winning against the GBP, EUR, and JPY, but losing versus the com-dolls. Will the expected increase in the US’s durable goods orders and new home sales spark some risk taking and benefit the anti-dollars? More…

Euro zone

After pulling up and gasping for air, the EUR pairs resumed their dive immediately. The EURUSD and EURJPY seem to have found support around 1.3475 and 121.75 respectively but would these levels hold? More…

United Kingdom

The pound slid lower on a round of bad news yesterday, preventing it from capitalizing on its rise on Monday. The GBPUSD pair fell about 50 pips from its opening price to end the day at 1.5048. More…

Japan

While the USDJPY remained in range for the 12th day in a row, the yen remained mixed against other currencies. The yen fell against the Australian dollar, but posted some gains against the euro and pound. What could be in store for us today? More…

Canada

Due to the lack of hard-hitting economic news, the USDCAD was unable to find clear direction in yesterday’s trading session, just bouncing up and down session highs and lows. The pair closed the day at 1.0167, just 20 pips lower from its Asian open price. More…

Australia

The AUDUSD was directionless in yesterday’s trading session. Although it fell early on during the Asian trading session, the AUDUSD was able to pare its losses once the US trading session rolled along. The pair ended the day at 0.9188, just five pips higher from its open price that day. More…

New Zealand

The Kiwi struggled to stay afloat during yesterday’s trading but New Zealand’s current account balance weighed it down. Would their GDP release today cause another disappointment? More…

Switzerland

The Swissy closed mixed against the greenback yesterday but it was able to deliver the euro another beating. The EURCHF is now trading around 1.4240 which is its new 15-year low! Will the Swiss National Bank intervene soon? More…