Last week ECB president Mario Draghi’s remark at the ECS press conference provided a loop hole to contribute to the Greek bailout, by suggesting to distribute profits from Greek bonds to Greece. Meantime Greece is in a vicious cycle while the austerity measures posed by the EU paralyze market activity lowering consumption which in turn produces less tax revenues to cover its growing debt. Will Draghi’s suggestion help the struggling nation? Let’s start:

Here’s an update on technicals, fundamentals and what’s going on in the markets.

In the US, Federal Open Market Committee (FOMC) Meeting Minutes, Planned 8 times per year, full record of the latest FOMC’s meeting and shows the influential financial conditions on the interest rates.

Last week the EUR/USD plunged to its lowest level since September 2010, following Italy’s failure of raise sufficient funds from its recent bond auction. Italy is likely to become the first EU country to enter recession, increasing concerns in the European continent. Unlike the grim situation in the EU, the US market is doing rather well with satisfactory employment data, elevated consumer sentiment and improved housing figures. Is there hope for a general recovery in 2012?

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

In the US, Federal Open Market Committee (FOMC) Meeting Minutes, full record of the FOMC’s latest meeting that provides financial conditions visions on interest rates.

Apart from Germany,a bond sell off was seen in every European country. Will German bonds sell as well? Will the benchmark break? If this happens, the euro’s losses will accelerate. Last week Weekly jobless claims dropped to 388K indicating a gradual improvement in the US job market. Most other US figures were upbeat. These favorable figures give room for cautious optimism in light of the global financial turmoil. Will this improvement continue?

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

In the US, Federal Open Market Committee (FOMC) Meeting Minutes, full record of the latest FOMC’s meeting, the visions into the financial and monetarist conditions that prejudiced on where to set the interest rates.

Last week Ben Bernanke testified before the Joint Economic Committee in Washington saying that monetary policy is not a panacea for the problems currently faced by the U.S. economy, pointing a finger at the US Government to do its share in promoting a healthy recovery in the market by boosting labor markets, taxation and other regulations.  Will the Government cooperate with the Fed to bail out the US economy from a near recession? The recent Non-Farm Payrolls report was positive for a change.