Daily Economic Roundup – October 22, 2009

United States

As expected, the dollar sold-off like hotcakes yesterday as companies printed that earnings came in significantly better than expected. The furious selling frenzy pushed the dollar once again to new yearly lows against the high-yielders. More..

Euro zone

The EURUSD pair logged in another yearly high in yesterday’s price action. It went as high as 1.5047 before losing at 1.4998. Will the pair finally break above the psychological 1.5000 handle? More…

United Kingdom

The cable jumped by more than 200 pips as minutes from the latest BOE monetary policy meeting showed that the central bank officials were unanimous in maintaining their current level of quantitative easing. Pushing the cable much higher were words from BOE Governor Mervyn King implying that rates should be back to normal levels soon. More…

Japan

Yen crosses rallied yesterday with the GBPJPY leading the pack. However, the USDJPY remains stubborn as it refuses to budge from its sideways movement. It seems that traders are still waiting to see if the recent yen strength has made any damage on Japan’s exports and whether this warrants currency intervention soon. The freshly released trade balance data should shed some light on this matter. More…

Canada

During the earlier sessions, it looked like the Loonie was about to get another beating, but decided to fight back and actually won yesterday’s trading round. The USDCAD pair went as high as 1.0584, zooming down to close at 1.0458. More…

Australia

The AUDUSD lost some cool yesterday after setting a new yearly high at 0.9328. The decline in risk appetite during the latter part of the US session did not bode well for Aussie and the pair lost much of its gains to close at 0.9259. More…

New Zealand

Up it went. Similar to the other “high yielders,” the Kiwi staged another strong performance yesterday as it marked a new yearly high yet again. The NZDUSD pair climbed to a new high of 0.7635 before closing at 0.7576. Will today be another green candle? More…

Switzerland

The CHF joined in on the EUR’s success as it, too, made significant headway against the USD. The USD/CHF pair made another yearly low, hitting the 1.0050 for the first time since July 2008. More…

Pipnoculars: What’s on the Economic Horizon

EU Current Account Balance on tap
BOC Report, Retail Sales due today
Pickup in UK Retail Sales Expected

  • GirishLaikhra

    hello sir i really like your blog many knowledgeable information in this blog and every articles in this blog really very nice thanks for share it.
    ——
    Girish
    ——
    MLS–MLS

  • GirishLaikhra

    hello sir i really like your blog many knowledgeable information in this blog and every articles in this blog really very nice thanks for share it.
    ——
    Girish
    ——
    MLS–MLS