Daily Economic roundup – September 10, 2010

What’s on the Economic Horizon

CAD Employment in for Pleasant Surprise?
Tons of Low-Tier EZ data on Deck Today
Uptick in UK PPI?

United States

After a hip eenie-meenie-miney moe number on the dollar, the bulls and bears decided to leave the currency virtually unchanged against its major counterparts yesterday. USDJPY capped the day only 8 pips lower than its open price at 83.83. Meanwhile, EURUSD called it quits at 1.2705 after tapping an intraday high of 1.2767. More…

Euro zone

Chop chop! Euro trading was as choppy as an old school boot leg VHS tape, as the pair was all over the place. The end result in EURUSD was that it pretty much stayed within range, closing just 9 pips lower at 1.2704. More…

United Kingdom

The pound buckled some early intraday hits in yesterdays trading, limiting its potential losses. GBPUSD traded as low as 1.5376, while GBPJPY threatened to test lows at 128.57, but both pairs bounced right back up, managing to close at 1.5437 and 129.39 respectively. More…

Japan

Like Gru’s minions in Despicable Me, the yen was seen everywhere across the charts as it lost against the comdolls, and gained on the euro and the dollar. EURJPY leveled off to its 106.50 closing price after dipping to an intraday low of 105.96. Meanwhile, USDJPY inched by only 8 pips lower than its open price at 83.83. More…

Canada

For the second day in a row, the Loonie was able one-up on the Greenback. In spite of weaker-than-expected Canadian data, USDCAD still managed to end the US trading session lower at 1.0337 from its Asian session open price of 1.0375. It looks like the Loonie bulls are still feelin’ the love from the BOC rate hike last Wednesday! More…

Australia

Make way for the king of the hill! The Aussie clobbered its major counterparts yesterday after Australia showed off its big muscles in its employment figures. AUDUSD soared to its .9238 closing price, while AUDJPY climbed by 48 pips to its closing price of 77.43. More…

New Zealand

Choo! Choo! The Kiwi hitched on the risk appetite train yesterday as the markets played the comdolls into its rallies. NZDUSD capped its 32-pip gain at .7252 after tapping an intraday high of .7288. More…

Switzerland

Oh, how the mighty have fallen! After an impressive performance earlier this week, it seems that the largely oversbought Swissy is starting to retrace its gains across the board. It is currently trading above the 1.0200 handle against the Greenback and above 1.2900 versus the euro. More…