Forex Trade Talk 11:00 GMT 2 March 2012

Trade Talk: What's Moving Markets continuous on Forex Forum Key Items: U.S. no major data.
Today is a quiet day on the data front.
Japanese data early Friday suggested that Japan remains mired in deflation with prices (CPI) dead flat, household spending weak, and unemployment rising. The USDJPY is higher.
Fed Chairman Bernanke testimony this week roiled the markets after his comments were taken as a signal that new QE is not coming soon.
The ECB LTRO Wednesday saw a EUR 529.531bln drawdown of 3-year funds .The hope is that funds will be allocated to lending in the EZ, however business demand has been weak.
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
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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