Today we have a round over production data in the United States, where industrial production is expected to pick up slightly in January reflecting more utility production due to cold whether, and capacity utilization is expected to decline a bit to 81.3 down from 81.3, earlier the empire state manufacturing index is expected to decline to 7.3 in February from 9 in January, which shows in a away or another a stabilization in the manufacturing sector.

While import prices probably rose 0.5% in January, mainly as a result of soaring energy prices that reached to the maximum in January, and the net cash inflows from foreign investments in US assets is expected to come 76.0 billion dollars down from 90.9 billions in November, but still good enough to cover the country's trade deficit.

The economic situation looks pretty obvious as consumer confidence keeps on declining, it is expected that sentiment according to the study from the university of Michigan to drop to 77.0 down from 78.4, emphasizing that fears from economic recession is still there amongst consumers, fears from more decline in houses prices, and at the same time higher and higher inflation levels.

The U.S. economy took a long pause as I see it, and left the chance open for other economies to have their shots in moving the markets a little bit and straighten prices, but today, as we have a bunch of fundamentals a head of a long weekend in the U.S. markets due to the presidents' day holiday on Monday, so maybe U.S. investors will get back in business today and will try to come flat at their specified prices.

Take care dear reader; some technical patterns have started to appear on the charts, and carry traders are back in business as well, and the currencies risk is now at its highest levels due to increasing uncertainties in the economy, and the major trend so far is still a weaker dollar…