Forex Trade Talk 00:00 GMT 9 February 2012

Trade Talk: What's Moving Markets continuous on Forex Forum Key Items: JP- Machinery Orders, CN- CPI, GB- Mfg/Ind Output, BOE, EZ- ECB, US- Weekly Jobs, Nat Gas, 30-yr.
Greek budget negotiations continue. Reportedly a draft agreement is done. The hope is Parliament will vote on it Sunday  We assume the government will do what has to be done to get its needed funds. We also assume the market is working on this assumption EU's .Juncker called for a Eurogroup meeting Thursday at 17:00 GMT in Brussels. The market feels he expects a Greek deal by then.
Growth and revenue are needed to provide a long-term solution. Austerity is not an answer to all ills.  A resolution, even temporary, to the Greek situation would permit the forex markets to start to trade again 
The ECB decision Thurs will be constrained by Greek indecision. As long as a Greek accord is up in the air, the ECB will say nothing.
End of fiscal year Japanese life insurance investment adjustment activity coming into focus? Covert intervention by the BOJ was confirmed Tues.
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).
COMMODITIES and Commodity Currencies

Click on Chart to Enlarge
EQUITIES & INTEREST RATES
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. 
See ECONOMIC CALENDAR for a complete list of future forex market events and consensus data estimates. Go to the forex forum for up-to-date market developments and technical trading ideas.
John M. Bland is an author and co-founder and partner of Global-View.com. Prior to Global-View.com, he was a forex trader and a private-label forex analyst for a top Fed watching service in NYC. He has been a corporate forex advisor and also worked in international liability management for a major N.Y. money center bank. John holds an MBA from the University of California at Berkeley and a B.A. in International Economics from that school.
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