Daily Economic Roundup – September 21, 2009

United States

The dollar finally fought back last Friday, as it pushed ahead against most major currencies during the Asian and European sessions, before wobbling a little bit during the US session. Still, the buck remained on top for the day. With no economic data that was released, could this move be attributed to case of profit taking, as it was the end of the week? 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…

United Kingdom

Now I get it why the Sterling was also called the pound. Why? Because that’s what exactly happened… It got pounded. There was no stopping it from falling against the greenback in last Friday’s session. It never looked up as it fell from 1.6432 to 1.6226. Will it stage a rally? Or will it continue to slide further? More…

Japan

The Yen failed to stage a broad-based rally last Friday despite the BOJ raising its outlook on the Japanese economy. Rather, the JPY just moved sideways to close mixed against most players. More…

Canada

Even if crude oil prices stalled last Friday, the Loonie gained against the Greenback as Canadian wholesale sales posted an unexpected 2.8% rise in July. Canada has a bunch of high-impact economic reports lined up for the first few days of the week and it looks like the Loonie is off to an exciting start! More…

Australia

Wipe out! The AUDUSD tumbled down towards the end of last week as commodity prices fell slightly. Was this merely a pullback and would the Aussie be able to get back on its feet? Let’s look at what Australia’s economic calendar has for this week. More…

New Zealand

Kiwi trading last Friday was quite reserved as New Zealand’s empty economic calendar kept volatility to a minimum. The NZDUSD pair opened the Asian trading session at 0.7092 and closed the week at 0.7087, a mere five pips lower. More…

Switzerland

And the winning streak finally comes to an end! After 10 straight days of gains against the USD, the Swissy got caught along with other majors by the strong up move by the dollar. The USDCHF closed the week at 1.0303. With concerns regarding how much lower the dollar can go, what is next for the pair? More…

Pipnoculars: What’s on the Economic Horizon
Critical Week for USD: FOMC Statement, Home Sales, Durable Goods Orders
BOE Meeting Minutes on Sept23
NZ’s Economy Probably Still in Contraction Mode
German Ifo Business Climate To Show an Improvement