Daily Archives: February 20, 2012

Despite some slightly disappointing releases, the past week’s data did not provide any major discouragements concerning the recovery of the US economy. On Tuesday retail sales figures disappointed slightly on the back of weak care sales figures, as headline came … Continue reading →

Speculation on whether Prime Minister Lucas Papademos’ government will receive further aid is in this author’s opinion little use to the FX industry. Could the Euro tumble sharply if European ministers or the Greek government itself reject aid packages? Absolutely. … Continue reading →

We get data for public sector net borrowing on Tuesday, Bank of England Minutes on Wednesday and second estimate of Q4 GDP data including subcomponents on Friday. The government’s cash requirements remain high which markets have gotten used to, meaning … Continue reading →