Daily Economic Roundup – August 21, 2009

United States

Economic data that came out of US yesterday was mixed, which kept the USD trading in a tight range against most major currencies. With the week coming to a close and high market impact economic reports due, will we see the USD take back the ground it lost from two days ago? More…

Euro zone

The EUR was pretty much moving on a flat line throughout the day due to lack of economic catalyst in the euro zone. It was only able make a last hurrah when risk appetite sparked once again during the US session. More…

Japan

Price movement in most Yen pairs was a bit unsteady yesterday, except for the GBP/JPY and USD/JPY. Against the pound and the greenback, the Yen soared up like Mr. Fredricksen in his balloon-propelled house. More…

United Kingdom

While most majors stood their ground against the USD yesterday, the GBP’s performance was like that of Mariah Carey in “Glitter”… It was a total sell-off and people just didn’t buy it. Even though UK retail sales received a few nods of approval, the British government’s ballooning deficit hogged the spotlight and ruined the show. More…

Canada

The Loonie continued its hard hitting ways, cornering the dollar and winning the round. The CAD was boosted by a rise in stocks. The USDCAD score closed at 1.0877. Will the CAD come out of it’s corner swinging away? Or will the USD muster enough strength to turn the tide? More…

Australia

The AUD trickled up against the dollar, as the AUDUSD pair closed higher for the 3rd consecutive day after trading within a tight range for most of the day. Will risk appetite continue to boost the AUD, possibly to another new yearly high? Or will we see a pullback? More…

New Zealand

The daily uptrend line (from the first week of March) remains intact for the NZD/USD and NZD/JPY pairs. Clearly, confidence and risk appetite have propelled the NZD from its lowest mark in at least three years to where it is now. More…

Switzerland

The CHF was able to stage a weak rally yesterday as economic data that came out of Switzerland showed improvement. The USDCHF opened Asia at 1.0650 and ended the US session a few pips lower at 1.0625. More…

Pipnoculars: What’s on the Economic Horizon

Swelling Budget Deficit Plagues British Economy
USD Ranging Ahead of Existing Home Sales
PMIs to extend the EUR’s gains?

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