Forex Trade Talk 00:00 GMT 23 January 2012

Forex Trade Talk Updates continuously added to Forex Forum Key Items  AU- PPI,  CA- Leading Indicator.. 
EUR short-covering ran out of steam on Friday, but the Thursday correction took a lot of the EURUSD downward momentum out of the market.
Greek sovereign debt negotiations may or may not be nearing an accord. Monday is the current target date.
Chinese markets are closed all week for the Lunar New Year. 
The South Carolina presidential primary saw a decisive victory by Newt Gingrich. This will extend the primary season.
End of fiscal year Japanese life insurance investment adjustment activity coming into focus? 
Check the Forex Forum over the day for an updated and ongoing discussion of current trading themes in the MARKET CHATTER continuous discussion thread.
Forex pairs vs 2-yr note spreads
Some traders focus intently on the Japan vs. U.S. 2-yr note spread (only the U.S. 2-yr moves much).
Bonds are a counter to risk trades because risk investments must be financed. When the cost of money moves up (higher interest rates), the return and allure of risk trades such as equities falls.