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When George met Angela……

By Gerry Davies  || March 5, 2010 at 06:19 GMT
|| 4 comments || Add comment

Greek PM George Papandreou meets German Chancellor Angela Merkel today and the two are set to give a press conference after the meeting at 17:30 GMT.  Could be real interesting.

Before that at 13:30 GMT we have the latest US jobs report for February, which looks likely to be schewed by the bad weather seen during the month. As such it’s nie impossible to get what one might call a median market forecast.  For what it’s worth Bloomberg’s median forecast is for -68k.  

Not much in way of euro zone data this morning:

11:00 GMT:  German factory orders for January expected +1.3% m/m

EUR/USD sits at 1.3585 hardly changed from where North America closed out Thursday with Asian trade effectively a non-event, price action confined to narrow 1.3572-1.3606 range.

Buy orders tipped down at 1.3550/60, stops through 1.3540 and more buy orders at 1.3500/20. Sell orders tipped up at 1.3610 and then 1.3630/50, stops just above there.

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4 Responses to “When George met Angela……”

  1. RanceSan on March 5th, 2010 06:25 GMT

    Morning Gerry,

    Well we are off to the NFP Races…. and Jobs report. It will be interesting to see how the market reacts to the NFP due to weather….

  2. hsbc on March 5th, 2010 06:34 GMT

    juncker talking about greece. seems to be confusing people rather than helping the cause

  3. Tajul Akbar Bin Ismail on March 5th, 2010 07:56 GMT

    Heard the Russians are selling in early European session, did not go down much though … NFP day ;-(

  4. Gerry Davies on March 5th, 2010 08:13 GMT

    rara rasputin, oh those Russians

    http://www.youtube.com/watch?v=TmjdZKfumEI

    Thks for the heads up Tajul. NO didnt get very far. Poor old Boris.



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