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Daily Economic Roundup – October 7, 2009

USD weakness was the name of the game yesterday, causing gold prices to surge and comdolls to hit new yearly highs. Will the USD be able to recover or could major currencies push it lower? Better read up on today’s economic roundup!

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Jobless Affair: AUD & CAD

After seeing dismal figures on the US NFP report, it’s time we check out the labor situation in other parts of the globe. After all, we don’t want the US hogging the spotlight, do we? Australia and Canada have their employment reports due this week so let’s start from there…

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Unemployment Blues

Are you ready for this week’s blockbuster? I’m sure you know what I’m talking about – the mother lode of all economic data: The non-farm payrolls on Friday!

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Warm up for Friday…

There have been much cryptic and not so cryptic comments of late from Federal Reserve Bank speakers. Some are implicitly calling for rate hikes sooner rather than later to mop up all the mess of money excess

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Trichet Stands Up for the USD

Threats of diversification, risk appetite, the prospect of a global economic recovery, calls for a new world reserve currency… Just when everyone seems to be ganging up on the dollar, ECB President Trichet went out on a limb to prop up the dollar and said, “Yo, I got your back…”

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You miss 100% of the shots you don't take.Wayne Gretszky