Daily Economic Roundup – October 13, 2010

What’s on the Economic Horizon
UK Jobless Claims Expected to Rise by 4,300
Euro Zone Industrial Production Data Due
New Zealand Retail Sales to Rebound in Aug

United States

The dollar’s performance on the charts yesterday was as wack as The Situation’s (aka Mike Sorrentino) groove on the latest Dancing With The Stars episode. Save for the pound, it lost against all of its major counterparts. It erased the gains it made against the euro during Asian and European sessions when EUR/USD dipped to an intraday low of 1.3775 as the pair ended the day with a 43 pips higher at 1.3916. Boo! More…

Euro Zone

After dipping to a low of 1.3775, EURUSD kept soaring higher throughout the day and closed at 1.3867. Would it continue to rally and break past the 1.4000 handle this time? More…

United Kingdom

Look down beloooooow!!! The sterling fell to pip-deeps against its major counterparts yesterday after the currency bulls dropped the pound like a smokin’ hot potato. GBP/USD leveled off to a 74-pip loss at 1.5799 after dipping to an intraday low of 1.5756. Meanwhile, EUR/GBP soared by 69 pips at .8809, and GBP/CHF fell by a whopping 189 pips at 1.5120. Yeouch! More…

Japan

“We are here. We are waiting.” The Bank of Japan finally turned all Optimus Prime on the markets yesterday after the yen remained on dangerously low levels against its major counterparts. USD/JPY dropped by another 27 pips at 81.85, while EUR/JPY ended the day nearly unchanged at 113.90. More…

Canada

“Greenback’s got nothing on you Loonie,” sang traders yesterday as the com-doll pared most of the pips it lost on Monday against its counterpart. After hitting an intraday high of 1.0184, USD/CAD went on a downtrend and ended the day 31 pips lower at 1.0107, just a few pips above the week open price. More…

Australia

And we’re back in the game! After losing to the greenback yesterday, the Aussie and the comdoll gang resumed its gains against the dollar yesterday. The 19-pip gain in AUD/USD might be microscopic compared to the Aussie’s previous gains, but it’s no minor feat if you consider that the pair tumbled to an intraday low of .9768. More…

New Zealand

The Kiwi may have started the week on a weak note but it bounced back yesterday as it climbed to a high of .7547 against the Greenback. No economic reports were released from New Zealand yesterday but their retail sales report due today could rock the Kiwi’s socks! More…

Switzerland

The Swissy managed to extend its winning streak against the euro for a third day with a 61-pip win as EUR/CHF closed at 1.3320. Boo yeah! It also erased the loss it sustained from the dollar on Monday, with USD/CHF ending the day 76 pips lower at 0.9569. Oh Swissy, you’re so fine you blow my mind! More…