Daily Economic Roundup – September 20, 2010

What’s on the Economic Horizon
RBA Governor Stevens to Testify Today
Canadian Wholesale Sales Up by 0.4%
UK Prelim Mortgage Approvals Due

United States

The dollar’s scorecard for Friday was as mixed as the reviews for the latest Universal Pictures flick, Devil. It was able to spook 41 pips from the euro as the bears hustled EURUSD from an intraday high of 1.3159 to its close at 1.3038. However, it was unable to nudge pips from the yen as USDJPY ended its 34-pip range 4 pips lower at 85.80. Against the Swissy, it took a 52-pip loss as USDCHF closed the week at 1.0098. More…

Euro Zone

“I just can’t get enough. I just can’t get enough,” sang the euro last Friday as it went for more gains against the Greenback and the yen. Thanks to improved risk appetite, EURUSD reached a high of 1.3159 while EURJPY topped at 112.99 then. More…

United Kingdom

They had been trampling up the charts for the last four days, but pound bulls finally settled down last Friday and allowed the bears to get a bit of action. After hitting an intraday high of 1.5730, GBPUSD finished at 1.5623 to record a 5-pip loss for the day. More…

Japan

Action on USDJPY was about as flat as a pug’s face. The pair basically stayed within a 30-pip range for the day. USDJPY was practically unchanged last Friday as it closed at 85.80. More…

Canada

The Loonie’s movement was absolutely loony last Friday as it staged a strong rally against the Greenback before suddenly erasing its gains and more. What the deuce happened then? More…

Australia

“Let’s go Aussie, let’s go,” cheered the bulls as AUDUSD soared to a fresh two-year high at 0.9469 last Friday. Whoohoo! However, it seems like the Aussie didn’t get much lovin’ after the European session closed as AUDUSD went on a downtrend, ending the day with 5 pips lower at 0.9362. Tsk, tsk… More…

New Zealand

The Kiwi started Friday off quite with a lot of upward momentum against both the yen and the Greenback. But it was all downhill for the NZDUSD and NZDJPY once the London session began. More…

Switzerland

The Swissy was speedin’ on the fast lane as it seemed to be the most sought after currency during Friday’s trading. After peaking at 1.3392, EURCHF tumbled to an intraday low of 1.3142 before finally ending the week at 1.3166. Against the dollar, the Swissy was able to woo in traders to end the day with a 52-pip win at 1.0098. More…