What’s on the Economic Horizon
U.S. Job Market to Gain 60,000 New Jobs
Euro zone Retail Sales on Deck
Canadian Employment to Print Rise?
United States
KABOOM! The markets skittered away from the dollar yesterday after the U.S. Fed dropped the 600 billion USD bomb in the Fed’s FOMC statement. EUR/USD tipped an intraday high of 1.4283 before ending the day at 1.4204, while USD/JPY plunged by 34 pips to 80.74. More…
Euro zone
A strong rally at the start of the London session open gave the euro an early boost to hit a new 9-month high against the dollar. It found further support later in the day with the release of a couple of positive reports and the ECB’s press conference. When all was said and done, EUR/USD was finally able to close above 1.4200, rising 47 pips for the day. More…
United Kingdom
As expected, the BOE announced yesterday that it decided to keep rates at 0.50% and not expand its bond-purchase program. The bank’s move gave the market confidence that U.K. is in somewhat good shape, and does not need any additional stimulus, which led to a nice bull rally. By the end of the U.S. trading session, GBP/USD had found its way to 1.6268, roughly 180 pips higher from its opening price during the Asian session. More…
Japan
Move over you low-yielding currency! Risk appetite is back with a vengeance! Without any economic reports from Japan yesterday, the yen was forced to dance to the tune of risk appetite after the Fed’s announcement of its 600-billion USD QE program. More…
Canada
Just like the bird it was named after, the Loonie flew to the skies yesterday! Shrugging off a weaker-than-expected Ivey PMI report, USD/CAD fell from an intraday high of 1.0122 and settled about 30 pips lower for the day at 1.0023. More…
Australia
There’s no stopping this steamroller! Despite printing worse-than-expected economic data, the Aussie managed gain against its major counterparts for another day yesterday. AUD/USD rose by a whopping 87 pips at 1.0149, while AUD/JPY flew by 36 pips at 81.94. More…
New Zealand
The combination of dollar weakness and a continuous stream of positive data from New Zealand helped NZD/USD clock in its SIXTH straight win yesterday. The pair rose to .7798 by day’s end, a 150-pip climb from its opening price. More…
Switzerland
Nom nom nom! Swissy bulls once again had a healthy pip-meal as USD/CHF dropped sharply for the third day in a row. Despite the fact that Switzerland rolled out a weaker-than-expected CPI figure, USD/CHF continued on its southern course and fell 124 pips to land at .9584. More…
