posted by Admin on Feb 17
The Euro registered its biggest single day move to the upside since July 2009 as concerns about euro zone debt subsided. The rebound for the Euro signals that traders think the sell-off may have been overdone, with the number of Euro short positions being reduced as risk appetite softens.
Market News
The UK’s CPI came in as forecast at 3.5%, well above the government’s target of 3.5%
Unemployment levels in the UK rose by 23,500 in January to its highest level since April 1997
The Bank of England minutes were released showing that members voted 9-0 to pause the asset purchasing scheme
The minutes from the last FOMC meeting are scheduled to be released at 1900 GMT
Major Economic News
TIME MARKET DATA
1330 US HOUSING STARTS AND PERMITS
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