Daily Economic Roundup – October 14, 2010

What’s on the Economic Horizon
US PPI, Trade Balance, Jobless Claims on Tap
Canada’s Trade Deficit to Narrow in Aug
ECB Monthly Bulletin Due Today

United States

Who wants Greenbacks? Well, according to yesterday’s price action, no one does! The USD sold off strongly and lost against all of the other major currencies, save for the CHF. EUR/USD flirted with the 1.4000 handle as it rose to a high of 1.4003 before closing 39 pips higher for the day at 1.3956. More…

Euro Zone

The euro shook its tush on the charts during yesterday’s trading with a positive figure giving it swagger. It ended the day 39 pips higher against the dollar at 1.3956 and 20 pips higher against the yen at 114.10. But it looks like it didn’t get enough lovin’ as EUR/USD still wasn’t able to close above 1.4000. Boo! More…

United Kingdom

The pound was unstoppable yesterday! Not even weak employment figures could weigh it down as it outpaced the Greenback, yen, and euro. GBPUSD climbed from an open price of 1.5798 to a high of 1.5909 while GBPJPY landed safely above the 130.00 handle. More…

Japan

We were back to regular programming for USD/JPY yesterday as it inched ever lower down the charts. But while the yen performed well against the USD and CHF, it left a lot to be desired versus the other majors. USD/JPY crawled 10 pips down to 81.75, while EUR/JPY rose from 113.90 to finish at 114.10. More…

Canada

“But I won’t stop until those pips are mine… papa-paparity,” sang the Loonie yesterday as it tapped its six-month high against the dollar at 1.0012. USD/CAD found some support at its intraday low and bounced a little to end the day at 1.0048, giving the Loonie a 59-pip gain. More…

Australia

To infinity and beyooond! The Aussie hit a new all-time high against the Greenback as buyers continued to push AUD/USD closer to parity. The pair rallied 42 pips to end at .9901, but not before reaching a high of .9937. C’mon! Less than 70 pips to go, bulls! More…

New Zealand

The Kiwi was on a good run yesterday until New Zealand’s retail sales report caused a pullback. NZDUSD fell from a high of .7634 to a low of .7567 a few hours after the release. More…

Switzerland

Yodel-eh-eeh-uh-oh! The Swissy seemed to have lost its mojo during yesterday’s trading as both USD/CHF and EUR/CHF closed the day higher at 0.9590 and 1.3385, respectively. Doing the math, we see that it gave up 21 pips to the dollar and 70 pips to the euro. More…