What’s on the Economic Horizon
Chinese Data On Tap!
No Changes to the BOE’s Asset Purchase Program
Employment Data to Cause Breakout on USD/CAD?
U.S. Dollar (USD)
Uh oh! Is the dollar rally already running out of steam? After its stellar performance against the euro earlier on in the week, the dollar only clocked in a measly 5-pip gain in yesterday’s trading. In fact, a doji formed on the daily chart of EUR/USD when it closed at 1.2944! Read more…
Euro (EUR)
Just when it looked like euro pairs were revving up for a bounce, risk aversion popped its head back in the markets and kept the euro’s gains in check. Still, EUR/JPY deserves mad props for putting an end to its losing streak and ending 40 pips up from its 103.09 open price. EUR/USD managed to trim its losses and close only 4 pips down from its 1.2948 open price. Read more…
British Pound (GBP)
Thanks to risk aversion easing and some positive data, the pound was able to get some much-needed breathing room yesterday. It was able to gain slight versus the safe haven Greenback as it closed the U.S. trading session at 1.6152, 6 pips higher from its opening price that day. Read more…
Japanese Yen (JPY)
Finally, the BOJ can breathe a sigh of relief… at least, for now. Yesterday, USD/JPY continued to retreat from its 11-week low at 79.43 that it tapped on Wednesday. The pair traded higher and closed the day 33 pips above its opening price at 79.95. Read more…
Canadian Dollar (CAD)
Parity is sure being stubborn, huh? USD/CAD just couldn’t seem to break below the 1.0000 major psychological level yesterday since risk appetite wasn’t strong enough to boost the Loonie. Could the Canadian jobs data act as a catalyst for a USD/CAD breakdown? Read more…
Australian Dollar (AUD)
It looks like the Aussie held on to its gains like it was holding on for dear life yesterday. AUD/USD traded higher and reached an intraday of 1.0144 following the better-than-expected jobs report from Australia. However, it pared some of its gains during the New York session and closed the day at 1.0090, just 30 pips above its opening price. Read more…
New Zealand Dollar (NZD)
Is the bleeding over? The Kiwi managed to hold its ground against the Greenback yesterday as risk aversion stabilized. The Kiwi, which started the day at .7949, rose as high as .7900 before dropping back down again and closing the U.S. trading session at .7855. Read more…
Swiss Franc (CHF)
Because absolutely nothing was on its economic calendar, the Swissy simply moved sideways versus the dollar yesterday. USD/CHF traded in a tight horizontal channel with resistance just below the .9300 handle and support at .9260. Read more…
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