Daily Economic Roundup – September 15, 2010

What’s on the Economic Horizon
US Industrial Production and Empire State Survey on Deck
Inflation in Euro Zone Predicted to Have Hit 1.9% in August
BOE Governor King Inflation Hearings at 10:30 pm GMT

United States

Despite the better-than-expected results on the US retail sales report, the Greenback still turned out to be the biggest loser in yesterday’s trading session. It lost a huge amount of pips against all major currencies (yes, even versus the yen and the franc). EURUSD found itself rallying above the 1.3000 handle, USDCHF dropped below parity, while USDJPY fell to new 15-year lows. More…

Euro zone

Investors threw their hands up in the air saying “EURO” as EURUSD closed at 1.3008 yesterday, just 28 pips below its five-week high. Whoa! EURJPY also ended the day higher at 1.0807 after opening at 107.72. More…

United Kingdom

Daaaaaang! Get a load of that long green daily candlestick on GBPUSD! After a bit of ranging earlier in the day, the pair rose to close at 1.5557 and locked in a 135-pip gain for the day. More…

Japan

King Kong ain’t got nothin’ on the yen! The Japanese currency was simply monstrous on the charts as it forged a new 15-year high against the Greenback. USDJPY was on a steady slope down as it fell 59 pips from its opening price of 83.68. More…

Canada

The Loonie was the only one in the Commdoll hood which was unable to bring home the bacon yesterday as USDCAD ended the day three pips higher at 1.0277. Tsk, tsk.. More…

Australia

Make that five consecutive days of wins! Thanks to a broad-based dollar sell-off, AUDUSD was able to stage a stellar performance and post new year-to-date. The pair went as high as .9458 – its highest level since November 2009 – before giving up some of its gains. More…

New Zealand

I thought I was gonna be sick with the way NZDUSD zigzagged through the charts yesterday! The pair started the day of with a sharp drop during the Tokyo session, reaching an intraday low of .7269. But once the London session began, it switched gears and headed straight for its intraday high of .7395. In the end, NZDUSD settled just 19 pips higher for the day at .7363. More…

Switzerland

“I got the magic in me,” sang the Swissy yesterday as USDCHF closed at 0.9954, and EURCHF ended 19 pips lower at 1.2949. “Magic, magic, magic!” More…

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