Daily Economic Roundup – October 25, 2010

What’s on the Economic Horizon
Euro Zone Industrial New Orders to Rebound
Big Ben Set to Testify Today
UK Mortgage Approvals on Tap

United States

The G20 didn’t exactly send the dollar flyin’ high like a G6 on Friday’s trading. It ended the week almost unchanged against its major counterparts save for the Swissy from which it gained 120 pips when USD/CHF closed at .9797. At the end of the day, EUR/USD was only 4 pips higher at 1.3929 while USD/JPY was up 2 pips at 81.36. More…

Euro Zone

Even though it dipped to a low of 1.3859 last Friday, EUR/USD fought hard to keep its head above the 1.3900 handle. Price action was a little choppy then but EUR/USD managed to close at 1.3929. Meanwhile, EUR/JPY also struggled to stay above the 113.00 handle but was eventually able to close 32 pips above that level. More…

United Kingdom

After a week of struggling against its major counterparts, the pound held on tight and refused to fall below the 1.5650 handle against the Greenback. Don’t let go, pound bulls! Cable ended just 17 pips lower for the day at 1.5681 as talks of quantitative easing continued to keep buyers away. More…

Japan

The yen was like a rock the way it acted on the charts last Friday! Though it swung high and low for a while, it eventually ended up practically unchanged against most of its counterparts. USD/JPY was just 2 pips higher at 81.36 at the end of the day while EUR/JPY moved 6 pips up to close at 113.32. More…

Canada

The Loonie was wrestling for pips against the dollar last Friday with USD/CAD falling to an intraday low of 1.0224 right after tapping a high of 1.0303. Too bad for the com-doll, it didn’t have enough swagger left to end the day with a win as USD/CAD closed 6 pips higher at 1.0270. Drat! More…

Australia

Let the good times roll, baby! The Aussie was one of the few currencies that were able to make decent ground last Friday. Against the Greenback, it dominated and brought AUD/USD 32 pips higher to .9814. Versus the yen, it looked just as cool as AUD/JPY climbed 27 pips to finish at 79.84. More…

New Zealand

The Kiwi seemed to have its wings clipped last Friday as it failed to soar high across the charts. Even though it reached a high of .7509, it was unable to sustain its rally as it closed just one measly pip above its open price of .7467. More…

Switzerland

Yodel-eeh-uh-oh! The Swissy closed the week scoring losses against its major counterparts with USD/CHF 120 pips higher at .9797 and EUR/CHF up at 1.3646 with 173 pips. More…