World Economic Forum (WEF) Annual Meetings – Day 1, this time is held in Davos for Bankers, Political, trade & finance Ministers and Commercial leaders from around 90 countries. Can influent market volatility.

EUR/USD is climbing above the 1.3380 line and reaches 1.3392. Significant resistance is at 1.3420.

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

In Canada, Corporate Profits is due to stay -4.9% similar to the last quarter.

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

In the US, Narayana Kocherlakota, Federal Reserve Bank of Minneapolis President, is about to speak in Minneapolis.

In the US, New Home Sales, monthly indicator to value the number of new single-family households sold on the last month, slightly decrease from 298K on August to 296K this time.

The big blow to the euro and to most currencies came from Ben Bernanke. The Fed announced “Operation Twist” but provided downbeat language on the economy and no further easing steps such as QE3. The impact of Bernanke on financial markets will likely accompany us for many months to come.

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

Apart from the headline Business Climate, two additional figures were published: Current Assessment dropped from 121.4 to 118.1, lower than 119.8 that was estimated. The IFO Expectations also fell from 105 to 100.1 points, yet again below 102.8 that was predicted.