Daily Economic Roundup – September 4, 2009

United States

It’s that time of the month again! Yes, you know what I’m talking about… The non-farm payrolls report is due today! My my, it’s bound to be a pretty crazy Friday, I can tell… More…

Euro zone

The EUR attempted to push higher yesterday during earlier sessions, but lost its legs midway through the US session. The European Central Bank rate decision turned out to be a non-event and EUR pairs ended up staying within range for the most part. More…

Japan

It looks like the yen played nice and gave back some ground back to other major currencies. Despite the one-directional move yesterday, the overall trend remains to be “buy-the-yen.” More…

United Kingdom

The GBP staged a nice rally versus the USD yesterday as the economic data released surpassed expectations. The GBP/USD went as high as 1.6414 during the European session before reversing some of its gains once the US session went underway. More…

Canada

Without any economic updates to direct its movement, the CAD ended yesterday’s session mixed against the other major currencies. Today will be different, though, given several top tier reports scheduled in Canada later. More…

Australia

The Aussie leaped back strong against the USD and JPY yesterday after tripping face-flat on Tuesday. While it is consolidating for awhile against its two counterparts in the short run, its longer term uptrend remains to be intact. More…

New Zealand

Looks like the NZD made a nice intraday rally before losing steam late yesterday. The pair broke past 0.6800, before closing at 0.6771. More…

Switzerland

The USDCHF leapt after making contact with the 1.0550 level yesterday as US economic reports caused a short-term run of risk aversion. Up ahead, Switzerland is set to report its CPI for August. Aside from that, today’s US NFP report could cause some chaotic price action for the pair. More…

Pipnoculars: What’s on the Economic Horizon

US Non-Farm Payrolls to Stir Up Price Action
Unemployment Reports + Ivey PMI Scheduled in Canada
Swiss August CPI Probably Increased