Daily Economic Roundup – September 6, 2010

What’s on the Economic Horizon
Slow Price Movement On Labor Day Holiday?
UK Retail Sales Monitor on Tap
Australia’s Job Advertisements Up by 2.6%

United States

Did you catch the Greenback’s moves last Friday? As soon as the NFP report was released, Mr. Greenback hit the floor and started groovin’ to Flo Rida’s “Low.” Next thing you know, EURUSD was edging towards 1.2900 while AUDUSD peaked at .9176. More…

Euro Zone

The euro bulls boogied into pip-wonderland during Friday’s trading. Oh yeah! EURUSD closed 69 pips higher at 1.2891 and so did EURJPY with 85 pips at 108.85 and EURCHF with 130 pips at 1.3117. So what got the euro shakin’ its currency booty? More…

United Kingdom

“I choose you!” The pound bulls went all Pipkémon last Friday and successfully battled it out against the currency bears despite the disappointing services PMI from the UK. The pound lost 12 pips against the euro, but gained 84 pips against the yen at 130.54. GBPUSD also showed muscle after capping the day with a 65-pip win at 1.5463. More…

Japan

“Oh when it all, it all falls down…” The yen did an Alicia Keys number last Friday after the improved risk sentiment in markets and the political hullabaloo in Japan pushed the yen lower against most of its major counterparts. More…

Canada

Oh la la Loonie! Canada’s currency was able to end the week with a win against the dollar for the first time in three weeks as USDCAD closed 140 pips higher at 1.0395 last Friday! More…

Australia

Summer may be over, but the heat is still on for the Aussie! Despite the lack of economic reports from the Land Down Under, AUDUSD managed to climb by 50 pips from its open price to its .9168 closing price. More…

New Zealand

The Kiwi joined its comdoll buds in bullying the dollar last Friday as it touched its three-week high at 0.7218 before closing at 0.7209 with a 61-pip gain. Boo yeah! More…

Switzerland

Chop chop! USDCHF sliced through the charts last Friday as the US employment report allowed the pair to rally to a high of 1.0239. After reaching that level, USDCHF made a quick about-face and dropped towards the 1.0150 area. More…