What's on the Economic Horizon
US New Home Sales to Improve?
RBNZ To Keep Rates on Hold at 3.00%
Japanese Retail Sales Data Due
United States
The dollar posted another win against the euro yesterday as EUR/USD closed 118 pips lower at 1.3852. I guess traders were diggin' the cliché, "Once you go Buck, you never go back." Ha! Anyway, against the yen, the dollar erased the loss it scored on Monday as USD/JPY ended 70 pips higher at 81.50. Sweet! More...
Euro Zone
Euro bears hit the throttle yesterday as disappointing consumer sentiment data and cautious words from Bundesbank President Weber proved too much for the euro to overcome. While the euro held its own against the yen and franc, it performed badly against the pound and Greenback. EUR/GBP dropped sharply to record a 134-pip slide and closed at .8746. Likewise, EUR/USD didn't reach much higher than its opening price of 1.3969 and settled 117 pips lower for the day. More...
United Kingdom
Yipee! The pound was in a cheery mood yesterday after the U.K. reported a stronger than expected GDP reading for the third quarter. Cable jumped up to a high of 1.5896 minutes after the release while guppy climbed towards the 129.00 handle. More...
Japan
The performance of the yen crosses was as mixed as a David Guetta remix yesterday. The Japanese yen weakened against the US dollar and sterling, consolidated against the Australian dollar, and strengthened against the euro. What's up with that? More...
Canada
The Loonie practically erased its gains against the Greenback from Monday as the American currency beefed up and pushed USD/CAD higher yesterday. The Loonie hardly put up a fight! The lack of reports from Canada allowed USD/CAD to finish at 1.0240, up 36 pips for the day. More...
Australia
Along with the passing of Octopus Paul, the Aussie bulls mourned for the pips that they lost in yesterday's trading. AUD/USD ended Tuesday 60 pips lower at .9844, erasing the gain it posted on Monday. More...
New Zealand
One day it's up, the next day it's down! After rising up the charts to start the week, the Kiwi took a dive as uncertainty over the U.S.'s possible QE part 2 scared investors away. NZD/USD fell 40 pips and ended at .7485. More...
Switzerland
Boy did the franc get tanked in yesterday's trading! It slipped and slid during the New York session, ending the day with losses against its counterparts. USD/CHF was 146 pips higher at .9856 while EUR/CHF was chillin' at 1.3651, knocking 88 pips out of the Swissy. More...
Related Posts:
- Daily Economic Roundup - January 19, 2011 21:41 18 January 2011
- Daily Economic Roundup - February 3, 2011 21:30 02 February 2011
- Daily Economic Roundup - December 21, 2010 21:25 20 December 2010
- Daily Economic Roundup - April 21, 2010 21:41 20 April 2010
- Daily Economic Roundup - December 17, 2010 21:25 16 December 2010

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.
