posted by Admin on Feb 11
The Euro rose once again as we edged closer to the EU summit. Leaders are scheduled to meet today, and traders will be looking for details on how the other European nations plan to help debt-stricken Greece. The Euro is now at three-week highs against Sterling, breaking through the 200 day moving average.
Market News
Civil Servants went on a 24 hour strike in Greece yesterday to show their frustration with government spending cuts
Australian jobs data rose once again for the fifth straight month, with unemployment now at 11 month lows
Ben Bernanke stated yesterday that he may raise the borrowing rate to banks as the initial step in his exit plan from the current monetary policy
Mervyn King left the door open for the Bank of England to re-start their quantative easing programme in the future.
Major Economic News
TIME MARKET DATA
DELAYED DUE TO HEAVY SNOWFALL IN US
