Friday, March 5, 2010

forex trading us market wrap

• UK PPI output prices (Feb) rose to +4.1% y/y the highest levels seen for 14 months • German Manufacturing Orders (Jan) jumped +4.3% m/m; its biggest jump since Jun 2007 • German Chancellor Merkel quoted as saying "we should stand helpfully by Greece's side" • German Economics Minister Bruederle reported to have said German government does not intend on offering Greece "even one cent" • EURUSD weighed by an article in the WSJ: Spain's Woes Start to Sting Big Banks • A YouGov poll highlighted the Tory party lead has shrunk in key marginals ahead of this summer's UK general election • US non-farm payrolls (Feb) solidly better than expectations at -36k (-68k expected, prior revised down to -26k from -10k). A very good reading considering the snow effect dampening job growth. • US Unemployment (Feb) held steady at 9.7% (9.8% expected)

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