What’s on the Economic Horizon
German IfO business climate expected at 102.3
BOC’s Mark Carney is due for a speech at 7:00 am GMT
U.S. Dollar (USD)
With only Fed member Dennis Lockhart taking center stage last Friday, it’s no surprise that the Greenback ended the week with mixed results against its counterparts. EUR/USD closed with a 17-pip gain at 1.2985 while USD/CHF recovered from an intraday low of .9285 to a .9329 closing price. Read more…
Euro (EUR)
Finally, the euro bulls stepped up their game on Friday! EUR/USD finished 10 pips above its opening price at 1.2979. Meanwhile, EUR/JPY recovered from its low of 101.25 to end the day just 2 pips pips shy of a win at 101.44. Read more…
British Pound (GBP)
The pound retreated from its highest level in more than a year against the dollar on Friday, ending the week barely changed. It seems that concerns over the global economic outlook and the prospect of a Spanish bailout greatly hurt risk appetite. Read more…
Japanese Yen (JPY)
Another day of gains for the yen, another day of headaches for the BOJ heads. Thanks to risk aversion in markets, then yen capped the day stronger against its counterparts. USD/JPY slipped by another 13 pips to 78.13, while EUR/JPY fell from its 102.11 intraday high and closed at 101.44. Read more…
Canadian Dollar (CAD)
There was no partyin’ for the Loonie on Friday. It ended the week with a 3-pip loss for the day as USD/CAD closed higher at .9767 from .9764. Read more…
Australian Dollar (AUD)
D’oh! That was so close! After tipping a high at 1.0520, AUD/USD gave up nearly all of its intraday gains and capped the day at 1.0448. What gives? Read more…
New Zealand Dollar (NZD)
Another day, another rejection! Despite its respectable rally from the day prior, the Kiwi was unable to sustain its gains above the .8300 major psychological level due to the absence of a bullish catalyst. It’s currently trading at .8271, almost 60 pips lower from its highest level last Friday. Read more…
Swiss Franc (CHF)
The Swissy’s price action last Friday was as mixed as a bag of Trail Mix. The currency was barely changed against the safe haven Greenback but it was sold-off versus the euro. USD/CHF ended the U.S. trading session just a pip lower from its opening price during the Asian session while EUR/CHF rose to 1.2112 from 1.2098. Read more…
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