Daily Economic Roundup – October 12, 2009

United States

The dollar retraced some of its losses last Friday when Federal Reserve Chairman Ben Bernanke said that the bank would need to tighten its ultra-accommodative monetary policy down the road to avoid excessive inflation. More…

Euro zone

The EUR fell against the USD last Friday as it encountered some resistance at the 1.4800 region. With several high-profile earnings releases in the US this week, the fiber could finally break the mentioned price barrier. More…

United Kingdom

Both fundamentals and technicals ganged up and beat the pound last Friday, causing the GBPUSD to bleed by more than 250 pips. Although the BoE left both the interest rate and the size of their quantitative easing program unchanged, traders turned bearish on the pound as the UK’s industrial production report presented dismal results. More…

Japan

The Yen has been losing ground against its fellow safe-haven currency, the greenback. Similarly, a couple of Yen crosses (AUDJPY and EURJPY) have shown no mercy as they rallied Thursday and Friday last week. More…

Canada

There’s just no stopping the CAD! The CAD continues to set new highs against the USD, with the pair closing last week at 1.0444. With the pair reaching lows it hadn’t touched in a year, how much further can the pair go? More…

Australia

Quiet Friday in Aussie trading, as the AUDUSD pair stayed within tight range all day long. The pair traded within a range of just 42 pips, closing slightly lower at 0.9039. Given that gold has just set a new all time high, will the AUD continue it winning ways this week? More…

New Zealand

Without any economic catalyst to push the Kiwi higher, the NZD corrected versus the USD last Friday after posting a new yearly high at 0.7454 during the previous day. The NZDUSD’s long term uptrend remains intact. Until this is broken, there’s no other way for the pair but up. More…

Switzerland

The USD/CHF pair headed back to the 1.0330 when investors decided to take profits off some short dollar positions last Friday. It closed the week at 1.0327, just two measly pips lower from its week open at 1.0329. More…

Pipnoculars: What’s on the Economic Horizon

Zew Sentiment Survey Due in Germany and Euro Zone

Another Increase in UK House Prices Expected

September US Retail Sales Expected to Have Fallen

  • ronron

    Hey Piponomics
    Great analysis keep up the great work. I’m curious do you trade based on that or do use as a backround to entering with TA

  • ronron

    Hey Piponomics
    Great analysis keep up the great work. I’m curious do you trade based on that or do use as a backround to entering with TA