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- After a negative open the European indices are currently trading in positive territory as higher oil and copper prices push up the energy and mining stocks. - European government bonds are currently trading lower in the session on increasing speculation that the ECB will have to raise...

- European Government Bonds closed lower on Friday, posting a drop for the week on speculation that inflation is accelerating in the Euro-Zone area. Bonds closed lower as investors speculate as to when the ECB will raise interest rates. - The ECB's Trichet said this weekend that this is no...

Asian Market Update: BoJ rate hike expectations fade as Japanese consumption data continues to disappoint - Japanese December retail sales yr/yr came in slightly better than expected (-0.3% v -0.6%e), while the mnth/mnth reading came in worse than expected (-0.2% v 0.0%e). Large retailers...

US Mid-Morning Recap by TradeTheNews Staff - December durable goods orders and new home sales figures exceeded expectations adding to the interest rate jitters that re-surfaced yesterday. Equity and Treasury markets moved to session lows following the new home sales release. The Dow has...

Energy Market Preview by Trade the News Staff - The IEA chief economist, Fatih Birol, said that current oil prices of more than $50 a barrel are too high, at about five times the average cost of production. - Oil Tanker Tracker, Oil Movements, said yesterday that it sees OPEC exports up...

Treasury Market Preview by Trade the News Staff - In focus today are the releases of Durable Goods Orders for Dec. and New Homes Sales for Dec. Durable Goods Orders are expected to have risen 3.0%, while New Homes Sales are seen rising slightly to 1.052M from 1.047M. With respect to the...

- The European indices are currently under water and have been so since the open as declining metal prices dragged down the mining stocks, and mixed earnings results were unable to generate any upward momentum. - European government bonds are currently trading in negative territory in the...

- European government bonds closed lower yesterday after tracking treasuries in the US. EBG's also traded lower as investors reassessed Germany's IFO data and concluded that, despite lower than expected results, data still indicated that the ECB may need to raise interest rates in 2007. - In...

Asian Market Update: Japan core CPI rises less than expected on lower oil prices, YoY core rises for the first time in 8 years - Japan's December core CPI y/y rose by 0.1% v 0.2%e, causing the JPY to initially sell-off across the board. 2006 annual CPI rose for the first time in 8 yrs...

Mid-Morning Recap by TradeTheNews Staff - Equity futures are hovering near lows weighed down by rising US yields. Companies continue to report fast and furiously affecting today’s trading in a variety of sectors. Steel names are advancing led by gains in Nucor post earnings. NUE +7.5% X...

- The European indices are currently trading in positive territory in the session led by the industrial and retail stocks as Siemans and Hennes & Mauritz reported strong earnings results. - European government bonds are currently trading higher in the session after lower than expected IFO data...

- European government bonds closed slightly lower yesterday after poor results were announced from a German bond auction. - Germany sold €4.943B in 4.25% 30-Year Bunds yesterday with an average yield of 4.11%, and a bid-to-cover of 1.2. The 1.2 BTC fell below the prior BTC of 1.5, and the...

Asian Market Update: BoJ's Suda says that the BoJ is spending too much time looking at data - The JPY is strong across the board, but expectations for upcoming soft data is capping gains. Speculation that the G-7 meeting will call for a stronger JPY drove gains in the JPY. Also, the JPY's...

US Mid-Morning Recap by TradeTheNews Staff - Crude futures have moved lower following weekly EIA data, extending weakness in the energy complex. The March contract is down more than 2% at $53.85 helping the OIH give back 1.25%. XOM, COP and CVX are each down close to 1%. Feb Gold is off...

At 10:16 ET TTN broadcasted and posted: USD/JPY: Source tells a major wire that Europe is to seek stronger message on weak Yen at 67 meeting - pair falls pips on the report

Energy Market Preview by Trade the News Staff - The EIA releases its weekly energy inventory data today at 10:30 a.m. According to a widely followed wire survey, crude inventories are expected to have risen 1.3M barrels last week, gasoline inventories to have climbed 1.5M barrels and...

Treasury Market Preview by Trade the News Staff - On the U.S. calendar there was one release - MBA Mortgage Applications. Mortgage applications fell 8.4% last week after having declined 0.6% in the prior week. No Fed-speak is scheduled for today. Tomorrow we have Existing Home Sales for Dec...

- The European indices are currently trading higher in the session led by the oil stocks as oil prices move back towards the $55 level. - European government bonds are currently trading lower in the session weighed down by the results of a 30-year bund auction in which Germany sold €4.94B...

Trading on Jan 24th is beginnig to look like some profit-taking in Yen carry trades. The Euro-Yen cross has a potential "Double-Top" formation with the neckline at 153.50. The measured move of this potential chart pattern is 149.50 (Determined by subtracting 158 top less 153.50 neckline...

Asian Market Update: Aussie Q4 CPI falls for the first time in 8yrs - The highly anticipated Australian Q4 CPI data led to selling of the Aussie dollar. Q4 CPI fell for the first time in 8 yrs, rising less than expected on both a qtr/qtr and yr/yr basis. The CPI data caused the AUD/USD to...