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What’s on the Economic Horizon
BOE MPC Widely Expected to Keep Rates at 0.50%

ECB Rate Decision Due this Week
RBA to Hike its Rate Again

United States

Dollar bulls had a blast last Friday when they learned that the US economy expanded by a whopping 5.7% during the fourth quarter of 2009. However, growth for the previous quarter was revised from 3.5% down to 2.2%, raising concerns whether the fourth quarter GDP reading was too optimistic. More…

Euro Zone

The euro has been getting pummeled the last two weeks as risk aversion combined with overall euro zone weakness has been over riding the markets. The EURUSD fell an additional 300 pips last week. Will euro bulls try to enter the market as we start a new month? More…

Japan

The yen traded mixed last Friday, losing during the Asian session but quickly fought back and retraced all of its losses when the US trading session rolled along. All in all, the yen ended the week flat against the US dollar but managed to post some gains versus the euro and the pound. More…

United Kingdom

After days of holding strong, the pound bulls finally gave in and let the bears drown the Cable below strong support at 1.6100 last Friday. More…

Canada

The dollar is on a very hot streak, winning the last 9 trading days against the Loonie. The USDCAD rose to and closed at 1.0692 from 1.0662. More…

Australia

The Aussie got beaten four sets to one by the dollar and yen in last week’s Australian Open. The AUDUSD sunk to and closed at 0.8848 from 0.8949. Similarly, the AUDJPY slid to and settled at 79.86 from 80.41. More…

New Zealand

The Kiwi trickled lower against the USD on Friday, as the dollar has continued its dominating performance against all other higher yielding currencies. With the NZDUSD pair reaching its December lows, will the NZD find any support? More…

Switzerland

Ouch! The Swissy was pummeled by the greenback last Friday after the US reported a very strong GDP figure. As a result, the USDCHF reached a high of 1.0643 and stayed above the 1.0600 area during the entire US session. More…