Forex Market Updates & Commentary

---

• Greek Finance Ministry Says: Debt Swap Announcement Will be Online Soon
• ECBs Stark on the Wires
• New Home Sales Come out Higher, MoM Lower
• University of Michigan Confidence Comes Out Higher
• coMexico Unemployment Rate Slightly Lower and Trade Balance Much Lower Than Expected
• Angela Merkel Press Conference
• Tim Geithner Speaking
• Feds Bullard Speaks on CNBC TV
• Mexico Unemployment and Trade Balance Data Due at 9AM
• UK GDP y/y revised to 0.7% from 0.8%; Q4 GDP down 0.2%
• German Final GDP as expected at -0.2% for Q4
• 2-24 Economic Calendar
• China Sets Yuan Reference Rate@ 6.2965
• Japan’s Corp Service Price Index Continues to be Deflationary @-0.2% (0.1% estimate/prior_
• EURJPY Pushing Up on Resistance 38.2%/200day – Could Continue Higher

Greek Finance Ministry Says: Debt Swap Announcement Will be Online Soon Posted: 24 Feb 2012 07:28 AM PST Greek Finance Ministry Says: Debt Swap Announcement Will be Online Soon

ECBs Stark on the Wires Posted: 24 Feb 2012 07:16 AM PST ECBs Stark on the Wires Stark Says: Draghi is right on whats needed in Euro economies The risk of Euro area breakup is exaggerated The euro will continue, absolutely There’s progress in Euro area institutional reform Italy, Spain, Portugal, Ireland aware progress is needed 500 Bln firewall is sufficient Market impact of me quitting was short lived Central bank shouldn’t do monetary financing Europe will overcome crisis will be stronger Buying of government bonds by the ECB postponed needed adjustments in higher debt countries

New Home Sales Come out Higher, MoM Lower Posted: 24 Feb 2012 07:02 AM PST New Home Sales Come out Higher, MoM Lower New Home Sales: Survey: 315k, Actual: 321k, Prior: 307k, Revision: 324k New Home Sales MoM: Survey: 2.6%, Actual: -0.9%, Prior: -2.2%, Revision: 1.9%

University of Michigan Confidence Comes Out Higher Posted: 24 Feb 2012 06:56 AM PST University of Michigan Confidence Comes Out Higher Prior: 73.0, Actual: 75.3, Prior: 72.5

coMexico Unemployment Rate Slightly Lower and Trade Balance Much Lower Than Expected Posted: 24 Feb 2012 06:00 AM PST Mexico Unemployment Rate Slightly Lower and Trade Balance Much Lower Than Expected   Unemployment Rate Survey: 5.06%, Actual: 4.90%, Prior: 4.51% Trade Balance Survey: 160.00M, Actual: -287.20M, Prior: 6.60M

Angela Merkel Press Conference Posted: 24 Feb 2012 05:44 AM PST Angela Merkel Press Conference Greek bankruptcy would have unpredictable impact on banks and the economy Greek bankruptcy would be highly risky Greece still must aim for a consolidated budget and stick to its budget pact.

Tim Geithner Speaking Posted: 24 Feb 2012 05:43 AM PST Tim Geithner Speaking Less likely Europe will cause global contagion IMF can play larger role after European firewall Other nations waiting for Europe to act Congress has to act to help the housing market

Feds Bullard Speaks on CNBC TV Posted: 24 Feb 2012 04:29 AM PST Says: Sees 3% possible growth in 2012 7.8% Unemployment possible by end of year I wouldnt take QE3 off table ever Economy might look different in 6-9 months Labor markets have improved recently Unemployment situation not great Fed rate hike in 2013

Mexico Unemployment and Trade Balance Data Due at 9AM Posted: 24 Feb 2012 04:23 AM PST

UK GDP y/y revised to 0.7% from 0.8%; Q4 GDP down 0.2% Posted: 24 Feb 2012 01:45 AM PST Gbp/Usd dropped 10 points upon release and has since rebounded to session high of 1.5797.

German Final GDP as expected at -0.2% for Q4 Posted: 23 Feb 2012 11:01 PM PST

2-24 Economic Calendar Posted: 23 Feb 2012 08:38 PM PST

China Sets Yuan Reference Rate@ 6.2965 Posted: 23 Feb 2012 05:37 PM PST

Japan’s Corp Service Price Index Continues to be Deflationary @-0.2% (0.1% estimate/prior_ Posted: 23 Feb 2012 04:22 PM PST

EURJPY Pushing Up on Resistance 38.2%/200day – Could Continue Higher Posted: 23 Feb 2012 03:37 PM PST

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610