Market Vibrations: News And Commentary Fropm The Europe Desk (0740 GMT)

By Research Team,

1050: The ZEW survey outof Germany today showed improving economic sentiment in Germany andthe Eurozone during January. The lone weak area in the survey wasthe current situation category, which was slightly weaker thanexpected in Germany. The survey said economic expectations arepositive for the second month in a row, and credited to improvementto strong German industrial production. Moreover, the ZEW institutesaid there is no chance of a recession in Germany, and thatpositive surprises are more likely.

0920:Inflation numbers out of Italy have come out as expected, showinginflation holding steady at 0.4% on the month. Meanwhile, the EUand IMFhave said in a report that the cost of support for Greece'sfinancial sector is envisaged at EUR 50bln, and that asset salesshould help cut Greek debt by EUR 45bln between 2012-2020. Inrelated comments, Luxembourg FinMin says that increasing the sizeof the regional firewall is not "urgent."

0740: Today'sEuropean session opens with all eyes on the FOMC statementlater today. Market players are interested to see whether or notMr. Bernanke and co. will adopt a less accomodative stance given arecent streak of positive data which some have interpreted assignaling an American resurgence out of the global crisis.Meanwhile, the Bank of Japan kept keypolicy elements unchanged, referencing no increase in interestrates or monetary easing measures. The decision to do so wasunanimous, the central bank said in a statement today. Stay tunedfor the German ZEWsurvey later today.
DailyFX is the forex news and research arm of FXCM, Inc (NYSE: FXCM), which provides currency trading and brokerage services and is an advertiser on TheStreet websites. Any opinions, news, research, analyses, prices, or other information is provided as general market commentary, and does not constitute investment advice. Dailyfx will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Currency trading involves significant risk of loss. Individual authors may hold positions in the currencies discussed in the article.

Original Article: http://www.dailyfx.com/forex/market_alert/2012/03/13/Market_Vibrations.html

DailyFX is the forex news and research arm of FXCM (NYSE: FXCM), which provides currency trading and brokerage services and is an advertiser on TheStreet websites. Any opinions, news, research, analyses, prices, or other information is provided as general market commentary, and does not constitute investment advice. Dailyfx will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Currency trading involves significant risk of loss. Individual authors may hold positions in the currencies discussed in the article.

More from Currencies

Bank of England Holds Rates Steady, But Vote Shift Signals Hawkish Tone

Bank of England Holds Rates Steady, But Vote Shift Signals Hawkish Tone

Bitcoin Today: Prices Close to Flat in Low-Volume Trading

Bitcoin Today: Prices Close to Flat in Low-Volume Trading

Markets Wobble as U.S. Readies More China Tariffs

Markets Wobble as U.S. Readies More China Tariffs

Watch These Two Crypto Experts Fiercely Debate the Future of Regulation

Watch These Two Crypto Experts Fiercely Debate the Future of Regulation

Bitcoin Today: Prices Attempt to Rally Following Early Weakness

Bitcoin Today: Prices Attempt to Rally Following Early Weakness