Daily Economic Roundup – November 9, 2010

What’s on the Economic Horizon
UK Manufacturing Production Up by 0.3%?
Swiss Consumer Climate to Improve
BOC Governor Carney Set to Testify

United States

The USD’s gaining ground? What’s up with that?! The USD picked up where it left off last Friday, climbing up the charts and avenging its recent losses to its major counterparts. Despite the lack of tier 1 reports, EUR/USD dropped 117 pips and closed at 1.3920 while GBP/USD fell 58 pips to finish at 1.6131. More…

Euro Zone

Euro-uh-oh-oh-oooh, was caught in another bad romance with the bears yesterday. The shared currency started the week with a 120-pip loss against the Greenback as EUR/USD slipped below the 1.4000 handle and ended Monday at 1.3917. Against the yen it gave up 112 pips as EUR/JPY settled at 112.95 at the day’s close. More…

United Kingdom

Apparently, the market thought losing pounds was sexy during yesterday’s trading. Ha! The pound joined the rest of the majors on the dollar-losers’ bench when GBP/USD tumbled 58 pips to its closing price of 1.6131. More…

Japan

The Japanese yen fought back yesterday, struggling to regain some of its losses against its counterparts. It made the most gains against the euro and the pound, as EUR/JPY fell to a low of 112.65 while GBP/JPY closed at 130.94. More…

Canada

Is the Loonie gonna start flying south for the winter? Yesterday’s price action on USD/CAD seems to suggest it. The pair failed to cross parity yesterday and, instead, climbed higher to hit 1.0038 after opening at 1.0009. More…

Australia

Consolidation was the name of the game for AUD/USD yesterday as it moved between the 1.0150 area and 1.0080. The jobs advertisement report from Australia came out strong but this wasn’t enough to bust AUD/USD out of its range. More…

New Zealand

We saw another case of “loose lips sink pips” on the charts when NZD/USD hit rock-bottom at .7841 after opening at its intraday high of .7940. Kiwi then ended the day at .7877, losing the most against the dollar among the com-doll homies. More…

Switzerland

To the dismay of franc bulls, USD/CHF followed up last Friday’s climb with another march up the charts as the pair rallied 39 pips for the day to end at .9663. But against the euro, they had better luck as EUR/CHF fell 62 pips and closed at 1.3406. Not too bad, eh? More…