What’s on the Economic Horizon
U.S. Trade Defict Expected to Narrow Down to 43.5 billion USD
German Whole Sales Price Index on Tap
United States
The scrilla danced another dizzying number yesterday as it ended the day with mixed results against its major counterparts. The dollar lost to the lower-yielding currencies like the yen and the franc, but gained 41 pips on the pound and 22 pips on the euro. More…
Euro zone
Too bad the euro still couldn’t take the heat like LeBron. Ha! It took another beating from the bears yesterday, posting its fourth straight loss against the dollar as EUR/USD ended the day 22 pips lower at 1.3242. More…
United Kingdom
Yesterday, the pound took a hit in the gut and was pressured lower as Fitch, a credit rating agency, slashed Ireland’s sovereign credit rating by three levels to BBB+ from A+. Fitch’s action gave Mr. Risk Aversion a reason pop its head back into the markets, which led to a pound sell-off. More…
Japan
Why hello there risk aversion! How nice to have you back! Yesterday, the yen had a huge smile on its face as traders sought it in favor of other higher-yielding currencies. By the end of the U.S. trading session, the yen was trading higher against all major currencies… yes, even against the mighty dollar. More…
Canada
USD/CAD was stuck in a range as tight as Katy Perry’s jeans during yesterday’s trading! It tapped an intraday high of 1.0126 and bottomed at 1.0067. By the end of the New York session, it was parked at 1.0105 with a 4-pip gain for the Loonie. More…
Australia
Score! The Aussie ended the three-day losing streak against the Greenback yesterday when economic reports from the Land Down Under pointed to a stronger economy. AUD/USD closed 48 pips higher at .9885 after reaching intraday high of .9885. More…
New Zealand
After three straight days of decline, the Kiwi was finally able get its groove on and boom boom pow pips out of the dollar! NZD/USD closed the day 32 pips higher at .7493. Up top yo! More…
Switzerland
Fist bump to the franc for shooting two birds with one stone! Despite the absence of economic reports from Switzerland, the franc capped the day higher against the euro and the Greenback. USD/CHF closed 31 pips lower after hitting an intraday high of .9896. Meanwhile, EUR/CHF dropped to an intraday low before leveling off to a 61-pip rise. More…
