[/caption] Forex trading, the German Magazine Focus basically imparting a message to the EU about where it can go. Greeks retaliate by boycotting all German products. German's will probably not by Greek Bonds. The cycle of destructive patterns is getting tighter and tighter. Markets still buzzing about a potential CNY revaluation Japan Jan industrial production +2.5% m/m vs. 1.0% expected Japan Jan core CPI -1.3% y/y, vs. -1.4% expected Japan Jan retail sales 2.9% m/m & 2.6% y/y vs. -0.2% y/y exp UK Feb GfK consumer confidence index up to -14 vs.-17 St Louis Fed Bullard states that should inflation expectations become unhinged, this would trump all other considerations Market sentiment is still predominantly being driven by developments in Europe; specifically the potentially calamitous consequences if Moody's downgrades Greece's credit rating – thereby rendering Greek bonds ineligible as collateral with the ECB. Nevertheless, despite these concerns and the uninspiring European data this morning (Eurozone confidence -17 from -16 the month prior, economic confidence 95.9 against forecasts for 96.4), EURUSD has not managed to push to new lows beyond the 19 Feb 1.3444 level, which may be an indication that widespread short positioning in the pair is beginning to act as a headwind to the sell-off. Today will be a critical day for major currencies with a number of major economic releases. Germany and the Eurozone CPI will be the key highlights of the morning, with the latter foreca [...] Forex trading - live day trading course and currency trade room.
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