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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Daily Economic Roundup - May 19, 2010

Posted 22:22 18 May 2010 | Comments

What's on the Economic Horizon

FOMC Minutes on the Clock
BOE Not Worried About Inflation?
Expected 1.4% Increase in Japanase 1st Q GDP

United States

And the dollar trend continues! Thanks to renewed risk aversion, the dollar soared higher against most other majors. As Pip Surfer always says when there's a nice trend, "Cowabunga dudes and dudettes!" More...

Euro zone

The euro found itself tumbling across the board once again yesterday when news hit the wires that Germany decided to ban the naked short selling of certain stocks and European government bonds. After hitting an intraday high of 1.2444, the EURUSD sunk to close the US trading session 1.2209. More...

United Kingdom

And we're back to regular programming! After allowing the pound to pull up a bit, traders slumped back to their risk-averse selves and caused the cable and the guppy to resume their declines. More...

Japan

"Banzai!" yelled the Japanese yen as it emerged as the strongest performing currency yesterday. Thanks to the return of its old buddy risk aversion, the yen won back its Monday losses and more! More...

Canada

The Loonie lost to the greenback in another round of risk aversion yesterday when ongoing problems in the euro zone sparked a flight to safety. This caused the USDCAD to climb from the 1.0250 area and close at 1.0338. More...

Australia

Just like other commodity-based currencies, the Aussie was sold-off in yesterday. The AUDUSD closed the US trading session at 0.8653, around 120 pips lower from its Asian session opening price that day. More...

New Zealand

For the third consecutive day, the Kiwi bowed down to dollar's unyielding strength. The strong case of risk aversion pushed the Kiwi down to 0.6862 by the end of the US trading session, almost 90 pips lower from its opening price during the Asian session. More...

Switzerland

So much for taking a breather! Once again, the Swissy took a beating as the dollar soared higher across the board. The USDCHF pair hit a new 2010 high at 1.1516 and finished the day at 1.1471. More...