Daily Economic Roundup – October 2, 2009

United States

The greenback fights back! The USD ended higher against most major currencies, except the JPY, as risk appetite retreated yesterday. Mixed economic data, combined with tentativeness ahead of today’s NFP report, caused investors to let go of riskier assets in exchange for the safe-havens. More…

Euro zone

Euro bulls finally took a breather last Friday as the EURUSD pair posted some minor losses when investors took profits off the table. The pair opened Asia at 1.4733 and ended the week at 1.4703. More…

Japan

It seems that the yen remains to go-to-guy when risk aversion hits the market. The yen managed to gain significant ground against most major currencies such as the dollar, pound and euro, when equity markets in the US started losing value. More…

United Kingdom

The pound dropped back down to the 1.5900 price level against the dollar yesterday as equity markets were visited by their good friend risk aversion. Unlike other major currencies, it seems that UK’s economic background has prevented the pound from making significant headway against the dollar. More…

Canada

Yesterday was one of those days that long position holders on the Loonie would want to forget. The CAD took a back seat against ALL the other major currencies in yesterday’s price action due to risk aversion, particularly in the US capitals markets. More…

Australia

After hitting a fresh yearly high to end the month of September, the Aussie slumped yesterday and completely overshadowed its previous day’s gains. The only consolation is that the AUDUSD’s medium term uptrend still remains intact… Well, at least for now. More…

New Zealand

A day after zooming past the 0.7200 price mark, the NZDUSD melted like butter and lost all of its gains. The pair closed yesteray’s trading session at 0.7138, which is lower than it’s opening price from the previous day. More…

Switzerland

The USDCHF edged even higher yesterday as the greenback was pumped up by risk aversion. Uncertainty ahead of the US NFP report and mixed economic data from the US raised doubts on the sustainability of an economic recovery, thus causing investors to flee back to the safety of the greenback. More…

Pipnoculars: What’s on the Economic Horizon

NFP To Print Less Layoffs in September?

House Prices in the UK to Show Minor Increase