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Monday, March 1, 2010

market wrap up

Forex trading market wrap up. • Eurozone Manufacturing PMI (Feb) came out at 54.2 (54.1 expected, 52.4 prior) • Eurozone Unemployment (Jan) was stable at 9.9% (10.1% expected, 9.9% prior) • UK PMI (Feb) better than forecast at 56.6 (56.1 expected, 56.6 prior) • UK final Money supply (Jan) +0.4% m/m +4.9% y/y (-0.9%/6.6% prior) • Swiss PMI (Feb) posts stronger 57.4 print (56.0 expected, 56.0 prior) • Canadian quarterly GDP (Q4) beats estimates at 5.0% (4.2% expected, 0.4% prior) • US ISM Manufacturing weaker than expected at 56.5 (58.0 expected, 58.4 prior) • ECB Stark and EU Commissioner Rehn to meet Greek officials in Athens • EU's Juncker said "would act against market speculation if it ignores Greek reform efforts" • Greek Prime Minister stated "fiscal crisis only tip of iceberg", "has reached dramatic dimensions" • Greek Finance Minister said government will do whatever it takes to cut budget, new measures if needed

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