Daily Economic Roundup – September 14, 2009

United States

Pretty quiet day last Friday as the USD’s price action was subdued against most major currencies! Dollar bears taking a break? Maybe! This week could prove to be very exciting for the world’s favorite currency as a bunch of important economic reports are due. More…

Euro zone

The EUR broke its 5 day winning streak as it fell short in last Friday’s trading against the USD and the JPY. Versus the USD, it is already in its new yearly high. Today is a start of a new week. Will it be able to shake off Friday’s losses and continue its uptrend? More…

Japan

After dominating for almost an entire week, risk appetite cooled off last Friday, allowing the safe-havens USD and JPY to make some humble gains. Does this signal a shift in risk sentiment or was it simply a pullback? More…

United Kingdom

Is GBP strength in the cards for yet another week? The GBP rally seemed to have lost steam last Friday as the GBPUSD moved sideways while the GBPJPY tumbled down. The GBP is looking at a big week ahead so the price action should be pretty exciting as well. More…

Canada

The USDCAD went on a hiking trip on Friday, as the pair went up and down the Rockies. The pair shot down early in the US session before rallying late to close the week. The pair eventually closed a bit higher, at 1.0787. More…

Australia

Slow day for the AUDUSD on Friday, as the pair traded within a tight range of less than 70 pips. With no news coming out, I guess we saw traders take off early and hit the waves for the weekend. The pair tested a new yearly high in intraday trading but ultimately closed a couple of pips lower for the day at .8627. More…

New Zealand

The NZD closed mixed last Friday as it ended positive vis-à-vis the USD but fell versus the JPY. Against the USD, it broke above the 0.7000 handle and was already trading on uncharted territory. Will it continue to set new highs or will 0.7000’s gravity pull it back? More…

Switzerland

The CHF had a stellar performance last week as risk appetite surged back into the markets in full force. The show was pretty convincing as the USDCHF made a new yearly low at 1.0340. More…

Pipnoculars: What’s on the Economic Horizon

Retail Sales in the US Probably Rose

Busy Week in the Euro Zone: Industrial Production, ZEW Survey, CPI, CA

UK Releases CPI, Claimant Count Change, Retail Sales This Week