Fundamental Headlines • Menendez Prodded Fed to Aid Lender – Wall Street
Journal • Coca-Cola Results Boosted by Asia Sales – Wall Street Journal • Greek
rescue hopes help bourses regain their poise - Financial Times • Euro, Oil,
Copper Gain on Greece Aid Speculation; U.S.
Top Stories Euro rallies on hopes for EU summit on Thursday Asian equities
slightly lower but Europe up on summit hopes Oil at $72.40/bbl Gold holds
steady at $1068/oz. Overnight Eco JPY Prelim Machine Tool Orders up 192% EUR
German Final CPI -0.6% as expected EUR
FOREX: CREDIT DEFAULT SPREADS AND EUR/USD EUR/USD: G7 LEAVES MUCH TO BE DESIRED
GBP/USD: LEADS G7 PUSH FOR BANKING FEE USD/CAD: NEW BUBBLE IN HOUSING ?
NZD/USD: BOLLARD FINDS THAT ECONOMY IS STILL FRAGILE AUD/USD: CUTTING BACK ON
Talking Points • Japanese Yen: Weighed by Risk Appetite
• Pound: Extends Decline From Previous Week
• Euro: Investor Sentiment Unexpectedly Weakens
• US Dollar: Lack of Fundamental Releases to Give Way to Risk
Trends Euro Rebounds Despite Drop in Sentix
Top Stories Jaoanese data shows slow improvement Asia lower as week starts OIl
at $71.50/bbl Gold bounces over $1066/oz. Overnight Eco JPY Bank Lending -1.5%
vs. -1.0% JPY Current Account 1.10T vs. 1.27T JPY M2 Money Stock 2.9% vs. 3.0%
CHF Unemployment Rate
U.S. DOLLAR: HAVE WE HIT A CAPITULATION POINT ? EUR/USD: STRONGER ECONOMIC DATA
BRINGS REPRIEVE GBP/USD: WILL HOTTER INFALTION BE SUSTAINABLE ? USD/CAD:
SURPRISING INCREASE IN EMPLOYMENT AUD/USD: OIL PRICES
Fundamental Forecast for British Pound: Neutral - BoE left their benchmark rate
unchanged at 0.50%, while pausing the asset purchase program at £200 billion. -
Manufacturing PMI unexpectedly rose in January to 56.7 from 54.6 - U.K.
construction industry improves, as service
Fundamental Headlines • Retailers Continued Comeback Into January – Wall Street
Journal • U.S. Futures Track Overseas Losses– Wall Street Journal • Risk
aversion spreads as debt fears grow - Financial Times • Stocks Decline, Euro
Retreats to Eight-Month Low on Deficits,
Talking Points • Japanese Yen: Losing Ground Following
Yesterday’s Sharp Rally • Pound: U.K. PPI Tops Forecast
• Euro: German Industrial Outputs Tumble Lower in December
• US Dollar: Non-Farm Payrolls, Consumer Credit on Tap U.S.
Dollar Extends
Top Stories UK PPI much hotter at 2.0% Asia and Europe sharply lower in wake
triple digit losses in Dow (Dow breaks 10,000 in overnight trade) Oil below
$73/bbl Gold near weeks lows at $1050/oz Overnight Eco AUD AIG Construction
Index 57.7 vs. 49.3 JPY
FOREX: CREDIT DEFAULT SPREADS AND EUR/USD EUR/USD: G7 LEAVES MUCH TO BE DESIRED
GBP/USD: LEADS G7 PUSH FOR BANKING FEE USD/CAD: NEW BUBBLE IN HOUSING ?
NZD/USD: BOLLARD FINDS THAT ECONOMY IS STILL FRAGILE AUD/USD: CUTTING BACK ON
