EUR rises vs. USD and JPY, but falls sharply elsewhere as Trichet unable to spot deflation risks. Negative headline US CPI on tap?MAJOR HEADLINES – PREVIOUS SESSION    * US Jan. ...

Australia's employment report far worse than it appears on the surface. EURGBP - a follow up move lower in the cards?MAJOR HEADLINES – PREVIOUS SESSION    * Japan Nov. Machine ...

Australia's December employment report up tonight likely to show accelerating job losses. Germany unveils underwhelming stimulus package.MAJOR HEADLINES – PREVIOUS SESSION    * ...

EUR continues to break down ahead of Thursday's ECB decision. UK and US trade balance on tap today.MAJOR HEADLINES – PREVIOUS SESSION    * New Zealand Q4 NZIER Business Opinion ...

Fed Chairman Bernanke's comments in early NY provided a mark-to-market in terms of the Fed's outlook.  Bernanke highlighted the fact that toxic assets remain a barrier to capital raising and that...

Commodity currencies may be the most vulnerable this week if risk aversion theme continues.MAJOR HEADLINES – PREVIOUS SESSION    * UK Dec. NIESR GDP estimated at ...

But let's see how long it lasts...MAJOR HEADLINES – PREVIOUS SESSION    * US Initial Jobless Claims 467k vs 545k expected    * US Continuing Jobless Claims 4.61m vs...

At the same time, Obama went on CNBC and promised to spend $1.3T - more than the previous talked about $775B on stimulus.MAJOR HEADLINES – PREVIOUS SESSION    * US Challenger ...

The FOMC Minutes were quite bleak.MAJOR HEADLINES – PREVIOUS SESSION    * US NOV Pending Home Sales at -4.0% m/m vs -1.0% expected    * US NOV Factory Orders at ...

They are talking about $775B of spending primarily through infrastructure and tax reliefs.MAJOR HEADLINES – PREVIOUS SESSION    * US Nov Construction Spending -0.6% m/m vs -1.3% ...