What’s on the Economic Horizon

Net Purchases of US Securities to Increase in Feb
ECB Monthly Bulletin to be Published Later
NZ Housing Data to Show Mixed Results?

United States

Despite stronger than expected US retail sales figures, the greenback weakened against most major currencies in yesterday’s trading. Even their inflation reports, which came closely in line with expectations, failed to boost the greenback’s morale. More…

Euro zone

After a couple of days of ranging, the euro finally gained some steam yesterday, pushing higher versus both the dollar and the yen. The EURUSD and EURJPY pairs both closed about 70 pips higher, possibly because of increased risk appetite. More…

Japan

The yen found itself holding on to the short end of the stick when a slight case of risk appetite hit the foreign exchang markets yesterday. Although the yen ended the day hardly changed against the dollar, it gave up some ground versus the euro and the pound. More…

United Kingdom

Thanks to the slight case of risk appetite, yesterday’s trading session turned out to be a great one for the pound. The GBPUSD and GBPJPY closed out the US trading session with significant gains, ending at 1.5372 and 144.68 respectively. More…

Canada

The Loonie was finally able to break below the 1.0000 net against the dollar yesterday. The USDCAD slid and closed at 0.9990 from 1.0018. The next major support for the pair would be at its one-year low of 0.9820. More…

Australia

The Aussie continued its upward move with a nice win over the dollar and yen yesterday. The AUDUSD, after dipping to a low of 0.9223 the other day, rose to and closed at 0.9348 from 0.9273. Similarly, the AUDJPY finished the session at 87.12 from 86.39. More…

New Zealand

Kiwi bulls caught a small wave of risk appetite, riding the NZDUSD slightly higher in yesterdays surfing…err trading sessions. The NZDUSD settled at 0.7141, up more than 35 pips from its opening price. More…

Switzerland

The USDCHF tiptoed towards the 1.0500 handle yesterday as the US dollar responded negatively to Bernanke’s downbeat speech. Switzerland did not release any economic reports in the past 24 hours but let’s take a look at what it has in store for today. More…