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
FOMC Members' Speeches Scheduled Today
German ZEW Expected To Fall Slightly
UK Trade Balance Due Today
United States
The USD got off on the wrong foot yesterday, as it stumbled around in yesterday's dance-off. The USD got left behind by all other major currencies, as traders danced to beat of "Sell the USD"! More...
Euro zone
Risk hungry traders muscled their way into the foreign exchange market yesterday, giving the EURUSD pair to retest the 1.5000 handle again. It seems like the EURUSD's fall a few weeks back was simply a correction. More...
United Kingdom
The sterling pound continued its strong performance yesterday as it registered a new 4-month high against the dollar. The cable went as high as 1.6844 before closing at 1.6746. More...
Japan
The JPY weakened across the board in yesterday's price action when some of the G-20 nations, which include Japan, voiced that the economies' stimulus programs should still be maintained as of now. This led to massive selling in the USD and the JPY which consequently lifted most of the global equities markets. More...
Canada
Thanks to USD weakness, the USDCAD tumbled below the psychological 1.0600 mark and reached an intraday low of 1.0555. The pair edged even lower as the CAD drew strength from the rise in commodity prices and the improvement in Canada's housing starts. More...
Australia
As the price of gold soared to a new high of $1111.7 per ounce, the AUDUSD climbed close to its most recent yearly high of 0.9328. USD weakness, which resulted mostly from the IMF's comments about the overvaluation of the USD, added momentum for the pair's ascent. Will it hit another yearly high this time? More...
New Zealand
Risk taking was back in full swing in the market yesterday as the Kiwi opened the Asian session almost 100 pips higher from its close last Friday. The Kiwi remained well supported throughout the day. More...
Switzerland
The USDCHF plunged lower yesterday, as dollar selling took off throughout the day. The USDCHF pair closed the day at 1.0086, a two week low. More...
Related Posts:
- Daily Economic Roundup - November 26, 2009 20:14 25 November 2009
- Daily Economic Roundup - November 20, 2009 20:11 19 November 2009
- Daily Economic Roundup - April 16, 2010 21:59 15 April 2010
- Daily Economic Roundup - November 4, 2009 20:23 03 November 2009
- Daily Economic Roundup - December 18, 2009 20:16 17 December 2009
