Daily Economic Roundup – September 25, 2009

United States

“Dolla dolla bill yo!” was buzzing through my head yesterday as dollar buying blazed through the markets yesterday. The USD gained against most major currencies, after it had been hitting yearly lows. Is the dollar back on track… or could this merely be a retracement? More…

Euro zone

Just like my good friend Big Pippin said in his daily chart art, the euro took another hit from the dollar yesterday as it fell more than 150 pips during the US afternoon session. Whether the move a major bearish correction or the start of a new trend remains a question needing an answer. More…

United Kingdom

The Pound got blitzed several times by the Green Back-ers at yesterday’s Rose Bowl. They were simply out muscled, outsmarted, and outclassed. The result? A 325 pip touchdown! More…

Japan

The JPY hit the jackpot in yesterday’s trading as it ended the session positively over all the other major currencies. Its biggest score was against the pound when it closed at 146.53 from a high of 149.38. More…

Canada

The USDCAD broke free from consolidation mode and sprinted towards the 1.0900 mark yesterday. While the USD staged a strong rally, the CAD and its comdoll allies were unable to draw strength from gold and oil prices. More…

Australia

Ouch! The AUDUSD got bruised and battered as the USD trampled upon higher-yielding currencies yesterday. The surge in Australia’s new home sales was not enough to prop up the AUD, which was pummeled by risk aversion ahead of the release of the G20’s final statement. Commodity prices were unable to provide support for the comdolls as oil prices fell by more than 4% while gold sank below 1000 USD per barrel. More…

New Zealand

The NZD traded in a U-shaped manner against the USD yesterday. It was able to gain early in Asia as the Westpac consumer sentiment survey printed stellar results but fell sharply when risk aversion took hold of the markets when the US session came rolling along. More…

Switzerland

The Swissy got sliced up a little bit, as it lost out against the US dollar like most majors. The USDCHF pair closed yesterday at 1.0301, marking the second consecutive day it rose. More…

Pipnoculars: What’s on the Economic Horizon
G20 Statement Could Cause More Volatility
US Durable Goods, New Home Sales Expected to Slow
SNB Member To Talk Down Swissy?