Daily Economic Roundup – April 22, 2010

What’s on the Economic Horizon

US Producer Price Index Seen at 0.4%
German and French Services and Manufacturing PMI Due Today

BOJ Governor Shirakawa To Talk at Economic Club
UK: Retail Sales, Mortgage Approvals and Net Borrowing Figures on Deck
Swiss Trade Surplus Likely Grew to 1.79 Billion CHF

United States

Yesterday turned out to be a snooze fest for the dollar as it just traded in a mixed fashion. Given yesterday’s flat trading, is the greenback poised for some big movements today? In case volatility increases, which way will the greenback go? More…

Euro zone

Argh! Yesterday was another bad day for the euro as it kept losing against the US dollar and the Japanese yen. Ongoing concerns about the Greek bailout package weighed down the euro amidst the lack of economic reports from the euro zone. More…

United Kingdom

Another wonderful day for those pound bulls, as the GBP posted some gains against both the dollar and the euro. Cable closed almost 40 pips higher to end at 1.5409, while the EURGBP closed below last week’s low, finishing at 0.8696. More…

Japan

After taking a beating to start the week, the yen finally regrouped, which led to mixed trading against other majors. The USDJPY remained steady, ending trading up just 5 pips at 93.20, while the EURJPY closed at 124.86, down 30 pips from its opening price. More…

Canada

The highly overbought Loonie found itself giving up some of its gains in yesterday’s trading session. Although the USDCAD was sold early on in Asia, the pair was able to bounce back once the US trading session rolled along to end the day at 0.9992. More…

Australia

The Aussie was unable to hold on to its gains over the greenback yesterday. The AUDUSD ended the US trading session at 0.9284, 30 pips lower from its Asian session opening price. Hmm, another opportunity for the bulls to buy the Aussie at a cheaper price? More…

New Zealand

Ho hum, it was quite a lazy day for the NZDUSD as it rocked back and forth on the charts yesterday. The absence of any economic reports from New Zealand probably lulled the pair to sleep for the past few hours. More…

Switzerland

The Swissy was placed on an uncomfortable spot again yesterday versus the greenback. The USDCHF extended its gains as it rose to 1.0700 from 1.0682. The question now is: Will the Swissy be able to recover? More…