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.
What's on the Economic Horizon
US PPI, Housing Starts and Building Permits on Deck
German Economic Sentiment to Worsen in May
UK Consumer Prices to Have Risen by 0.6% in April
United States
The US dollar traded in a mixed fashion across the board yesterday, gaining early on during the Asian trading session but reversing all of its gains once the US trading session went underway. The dollar ended the day higher against the pound and the yen, but lower versus the euro and the franc. More...
Euro Zone
The euro performed slightly better than the greenback and the commodity currencies yesterday. I know, I can't believe it either! What gives? More...
United Kingdom
After tumbling as low as 1.4252 in intraday trading and hitting 14 month lows, the GBPUSD rallied back, erasing most of its losses for the day. The pound was able to edge back up to end the day at 1.4476. Are there any sellers left? More...
Japan
With no major data release, the yen bobbed its head to some reggae music and chilled out for the better part of yesterdays trading sessions. The USDJPY stayed within its average true range, while there weren't any sustained moves on cross pairs. Could we see a breakout soon? More...
Canada
The USDCAD surged higher early in yesterday's Asian session, as more euro selling helped pushed the dollar higher. Luckily for all those CAD bulls, risk appetite improved throughout the day, which allowed to the USDCAD to finish lower at 1.0337. More...
Australia
Australia doesn't seem to be immune against the possibility of a debt contagion as Australian stocks logged in their largest drop in a year yesterday. As a result, the AUDJPY dipped to the 80.00 handle while the AUDUSD reached a low of 0.8686. More...
New Zealand
The Kiwi was unable to take flight yesterday as it crashed below the psychological 0.7000 level against the greenback. Risk aversion, spurred by the usual fears of a debt contagion, and the slide in oil prices dragged the Kiwi down. More...
Switzerland
After three consecutive days of losses, the Swissy was able to take a breather yesterday. The USDCHF kicked off the week with a strong rally and attempted to pierce through the 1.1400 handle. The move turned out to be unsustainable though, as the pair soon reversed its gains to end the US trading session at 1.1315. More...
Related Posts:
- Daily Economic Roundup - March 3, 2010 21:20 02 March 2010
- Daily Economic Roundup - April 9, 2010 22:09 08 April 2010
- Daily Economic Roundup - May 21, 2010 21:58 20 May 2010
- Daily Economic Roundup - June 16, 2010 21:09 15 June 2010
- Daily Economic Roundup - May 13, 2010 22:17 12 May 2010
