Daily Economic Roundup – September 3, 2010

What’s on the Economic Horizon

Traders Sit on the Sidelines Ahead the NFP
Euro zone’s Retail Sales to Rise 0.3%
UK’s Halifax HPI on Deck

United States

The dollar was unable to find clear direction in the charts yesterday as it traded mixed against other major currencies. While it posted gains over the Loonie and the pound, the dollar lost versus the euro, the yen, and the Swissy. More…

Euro zone

…And that makes it a hat trick! Fernando Torres of Liverpool could learn a thing or two from the euro, eh? Hah! While it ranged for most of the day, EURUSD recorded its third consecutive daily climb as it closed 19 pips higher at 1.2822. More…

United Kingdom

The markets dropped a lot of pounds yesterday, and no, it has nothing to do with weight issues. The pound bulls lost their appetite when UK printed, not one, but two disappointing pieces of data. The pound found itself down by 55 pips against the dollar at 1.5398 and 73 pips at 129.70 to the yen. EURGBP also soared to its .8327 closing price. Cripes! More…

Japan

Did the yen bulls and bears go on mini-hibernation in preparation for the US NFP report today? The yen inched higher against most of its major counterparts, with USDJPY capping the day with a 21-pip slide at 84.23 and EURJPY closing 15 pips lower at 108.01. More…

Canada

After its bitter performance yesterday, I think the CAD’s gonna need a bit of maple syrup to sweeten up! USDCAD rose from an intraday low of 1.472 to 1.0535, making the CAD the only comdoll that wasn’t able to hold off the Greenback. More…

Australia

The last 24 hours proved to be a little less exciting compared to the moves we saw earlier this week for AUDUSD. The pair had opened up the day at .9094, fell to an intraday low of .9055, and eventually closed the NY trading session barely changed at .9118. More…

New Zealand

Taking it slow is the way to go! The Kiwi extended its winning streak against its major counterparts yesterday even without any economic reports from New Zealand. NZDUSD crawled 29 pips higher than its open price at .7150. More…

Switzerland

Price action on USDCHF yesterday saw the franc complete its trifecta against its American counterpart. The pair inched closer to parity as it raced down the charts upon the release of positive Swiss data. Eventually, it rested 21 pips lower for the day at 1.0128, but not before hitting an intraday low of 1.0096. More…