Daily Economic Roundup – October 16, 2009

United States

The dollar went on a see-saw against most major currencies yesterday as economic data came out mixed. To add to the confusion, earnings from big companies like Nokia, Goldman and Sachs and Citibank came out with clashing figures. More…

Euro zone

The EURUSD pair recorded a fresh yearly high yesterday at 1.4967 before closing at 1.4936. Though, the pair corrected for awhile to its 38.2% Fibonacci retracement level during the start of yesterday’s euro session. Nonetheless, the pair is now on track again in possibly marking yet another yearly high. More…

United Kingdom

Just a few words from a BoE policymaker confirming that their quantitative easing program is working and… BOOM! The cable shoots up almost 300 pips! Not to be outdone was the guppy, which jumped from 143.00 to 147.50! More…


Yen crosses rallied yesterday as Japan reported weaker than expected industrial production figures. Higher risk appetite may have also pushed the safe-haven yen lower. As a result, the GBPJPY rallied by more than 400 pips while the AUDJPY reached a new yearly high. More…


And the CAD finally takes a hit! The USDCAD reversed after approaching the 1.0200 price area, and finished the day at 1.0346. Is this the start of a potential reversal? Or will traders take this as an opportunity to buy the CAD once again? More…


Once again, the go-to-currency delivers! For the 4th straight day, the AUDUSD set a new yearly high, touching off at 0.9229 , and ending the day at 0.9201. More…

New Zealand

The Kiwi marked another new yearly high as better-than-expected New Zealand CPI figures plus risk appetite in the US markets boosted demand for higher yielding assets. The NZDUSD pair went as high as 0.7487 before closing at 0.7431. Presently, it is approaching a key resistance level at 0.7500. Will buying interest remain to push the price higher? More…


The CHF just refused to let the USD retrace some of its losses in yesterday’s trading session. The USD/CHF attempted to rally above 1.0200 but sellers proved to be too strong as they brought the pair back down towards the 1.0150 price level before the US session ended. More…

Pipnoculars: What’s on the Economic Horizon

Net Foreign Purchases Estimated to be 30.1B
Minor Improvement Expected on Swiss Retail Sales
Risk Appetite To Fuel Yen Crosses’ Rallies?

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  • logik

    USDJPY was ridiculous today.

  • logik

    USDJPY was ridiculous today.