Daily Economic Roundup – October 5, 2009

United States

The greenback was on snooze mode for the most part of last Friday’s trading prior the release of the NFP report in the US. Volatility started to pick up a couple of hours before its announcement. The USD initially swung positively then reversed when the result came out rather disappointing. More…

Euro zone

The EUR pumped some iron last Friday and flexed its muscles against the safe-havens USD and JPY after the disappointing NFP report. Will the EUR continue to show strength as it faces an entire week filled with high-impact economic reports? More…

United Kingdom

What a douzy! A lot of movement in Cable trading last Friday, as we saw the pair shoot up and down during the US session. The GBPUSD hit as low as 1.5806, before bouncing back up and ending the week at 1.5913. More…

Japan

Lots of movement from yen pairs on Friday, as the markets reacted violently to the US NFP report. The USDJPY pretty much stuck in its range and closed near its opening – could it be poised for a breakout? The EURJPY on the other hand, hit a new low at 129.05, before rising all the way back to close positive for the day at 130.77. More…

Canada

The CAD initially lost ground to the USD in Friday’s trading session but managed to fight back when worse-than-expected results from the US non-farm payrolls came out. The USD/CAD closed Friday at 1.0825, slightly lower than its open at 1.0846. More…

Australia

Despite dismal results from the non-farm payrolls, the AUD/USD pair kept its head above 0.8600 last Friday. Still, the AUD generally fell against the USD last week though as it ended at 0.8636, slightly lower than its week open at 0.8695. More…

New Zealand

After ranging for an entire week, would the NZDUSD continue to move sideways for yet another week? With a light economic schedule ahead, the Kiwi could have a hard time finding momentum to break out of its range. More…

Switzerland

Like the other currency pairs, the USDCHF was boxed within the 1.0400 to 1.0450 range for the most part of Friday. Surprisingly, the Swissy got a boost and the pair broke down from its range despite the dismal employment figures in the US. More…

Pipnoculars: What’s on the Economic Horizon

US: Several Third Quarter Earnings Due
United Kingdom’s Service Sector Improving
Canada’s Joblessness Probably Rose to 8.8% in September
RBA to Keep Rates Steady for the Sixth Consecutive Month
New Zealand: Another Huge Leap in Business Confidence?