Daily Economic Roundup – September 1, 2009

United States

The USD ended the day mixed due to a broad selling in the global capitals markets after a sharp decline in Chinese equities. The greenback gained some ground as investors moved away from the riskier assets. It, however, sold off following an impressive Chicago PMI result. More…

Euro zone

The EURUSD still seems to be enjoying the consolidation mode as it tumbled down for most of the day before spiking up upon the release of stronger than expected Chicago PMI. More…

Japan

Interesting day for the yen pairs yesterday as it was boosted by local politics and run to risk aversion early in the Asian session. It eventually gave back a lot of its gains during the latter parts of the Euro session, but still ended up for the trading day. The yen touched a 7-week high, with the USDJPY pair closing at 93.06. More…

United Kingdom

Another relatively slow day for the UK, as they had a banking holiday yesterday. A rare doji was found on the daily GBPUSD chart, as the pair closed at it’s opening price of 1.6280. More…

Canada

Much like other major currency pairs the USDCAD’s movement was range bound. It opened the week at 1.0916 and closed the US session at 1.0948, a small 32 pip gain. More…

Australia

Sellers took the AUD lower against the USD early during the overnight Asian session yesterday but the move downwards proved unsustainable as the currency managed to bounce back top when the US session went underway. More…

New Zealand

Despite the sharp rise in business confidence, the NZDUSD started the day with a slow crawl towards the .6800 level. It recovered most of its losses after the release of stronger than expected Chicago PMI figures. Still, the pair’s movement kept within its usual range. More…

Switzerland

The CHF closed the day mixed against its counterparts amidst yesterday’s chaotic session. A 6.7% drop in China’s Shanghai Index sent shock waves across the globe, hurting most of capital markets even Switzerland’s. More…

Pipnoculars: What’s on the Economic Horizon

RBA to Keep Rates Steady
German Retail Sales and Unemployment Data on Tap
ISM Manufacturing PMI Predicted to Show An Expansion
UK Housing Data Expected to Show Improvements

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