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- Friday, 16 October 2009 11:51:38 GMT Canada CPI Declines for 4th Month; Swiss Retail Sales Shed 1.0%
- Thursday, 15 October 2009 11:24:45 GMT Euro-Zone CPI Falls 0.3%; Swiss Investor Confidence Jumps to Record High
- Wednesday, 14 October 2009 11:26:50 GMT European Industrial Output Rises, Reinforcing Recovery Signs
- Tuesday, 13 October 2009 11:38:08 GMT German Investor Confidece Unexpectedly Declines
- Friday, 09 October 2009 12:57:26 GMT Canadian Unemployment Unexpectedly Falls to 8.4%
- Thursday, 08 October 2009 12:01:25 GMT ECB Leaves Rates Unchanged Despite Recovery Signs
- Wednesday, 07 October 2009 12:02:35 GMT German Factory Orders Show Continued Strength, EZ GDP Revised Lower
- Tuesday, 06 October 2009 12:25:47 GMT A Sharp Drop In U.K. Manufacturing Activity May Lead To Additional BoE Measures
- Monday, 05 October 2009 12:08:26 GMT Rising European Investopr Confidence Threatened By Declining Domestic Consumption
- Friday, 02 October 2009 11:51:19 GMT Rising Euro-Zone Producer Prices Reinforces ECB's Outlook
- Thursday, 01 October 2009 12:54:11 GMT Weak U.K. Manufacturing and German Retail Sales Cast Doubt On Global Recovery
- Wednesday, 30 September 2009 12:09:54 GMT ECB To Remain On Hold After Mixed Data
- Tuesday, 29 September 2009 12:05:11 GMT U.K. Recession Shallower Than Expected But Tight Credit Threatens Recovery
- Friday, 25 September 2009 12:30:43 GMT Swiss Growth Outlook Dims Despite Improvement From Euro-Zone
- Thursday, 24 September 2009 12:12:39 GMT Equities, Oil Lower Despite Rise in German Business Confidence
- Wednesday, 23 September 2009 12:26:50 GMT Euro-Zone Recovery Signs Continue As Durable Goods Soar
- Tuesday, 22 September 2009 12:07:42 GMT Higher Growth Forecasts In Switzerland and Asia Boost Demand For Risky Assets
- Monday, 21 September 2009 11:53:24 GMT U.K. Home Prices Rise As Demand Fueled By Recovery
- Friday, 18 September 2009 12:16:11 GMT U.K. Public Borrowing Jumps As Tax Receipts Falter
- Thursday, 17 September 2009 12:24:28 GMT Canadian Inflation Misses, SNB Keeps Rates On Hold
European investor confidence rose -27 from -34.3 which was the highest level in nine months according to the Sentix research institute. Improving fundamentals globally and a more aggressive ECB has helped improve the outlook for the region.
Fundamental Headlines
• Japan Current Account Surplus Shrinks – Wall Street Journal
• Doubts mount over US toxic asset plan – Financial Times
• Ireland suffers fresh S&P downgrade – Financial Times
• Obama Unveils New Projects, Says Economy Has ‘Long Way to Go’ – Bloomberg
• Treasuries Fall as Traders Bet on Higher Fed Rate; Stocks Drop – Bloomberg
EURUSD – European investor confidence rose -27 from -34.3 which was the highest level in nine months according to the Sentix research institute. Improving fundamentals globally and a more aggressive ECB has helped improve the outlook for the region. German factory orders holding steady in April added to the argument that the tide has turned for the economy led by a 5.2% increase in metal production. The jump in the demand for the building material could be a sign that activity is increasing and growth around the corner. However, concerns over Latvia which has seen its recession deepen and threaten its currency’s peg to the Euro has cast a shadow over the positive data. For more news and resources, visit the Canadian Dollar Currency Room.
USDCHF – Swiss unemployment rose to the highest level in more than three years as the export driven economy continues to feel the impact from the drop in global demand. We may continue to see weakness in the lagging indicator as companies continue to get leaner in order to compete in the new environment. However, the signs that global demand is picking up should help the economy stabilize and slow the rate of layoffs going forward. Discuss the topic and your trade ideas in the EUR/USD Forum.
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