US Market Update: Dow -59 S&P -2.5 NASDAQ +7

The DJIA and S&P500 are in the red this morning following the GDP data out this morning. US GDP grew 2.8% in Q4, a sharp acceleration from the 1.8% in Q3 and the quickest pace since the second quarter of 2010, although this rate was still less than expect

European Market Update: EU's Rehn expresses optimism of a Greek PSI at some point before the weekend is over

***Economic Data***
- (EU) ECB: € borrowed in overnight loan facility v €3.5B prior; € parked in deposit facility vs. €484.1B prior
- (RU) Russia Narrow Money Supply w/e Jan 23rd (RUB) 6.80T v 6.83T prior
- (IN) India ...

KBC: Market no longer bets on rate cuts in Poland in 2012. Polish economy grew by 4.3 % in 2011

Central European currencies firmed again on Thursday. The Polish zloty extended its winning streak and strengthened against the single currency in a fourth consecutive session. The zloty posted gains in 15 of 19 sessions so far this year and the EUR/PLN c

DAILY FOREX AND DOW JONES RECOMMENDED LEVELS

Asian Market Update: NZ reports trade surplus; Yen continues to strengthen

US Market Update: Dow +33 S&P -1 NASDAQ -3.5

European Market Update: Risk appetite buoyed by reports that private lenders said to have accepted lower interest rate in Greek PSI deal

KBC: Fed’s dovish decision supports regional currencies. Czechs will lend EUR 1.5bn to IMF

Asian Market Update: Fed comments give a boost, but markets cannot sustain with continued global uncertainties; Singapore GDP at multi-year low

DAILY FOREX AND DOW JONES RECOMMENDED LEVELS

US Market Update: DJIA -46 S&P500 -1.5 NASDAQ +15

European Market Update: UK Q4 GDP contracts; German IFO survey mixed; All eyes now on FOMC statement and forecasts

KBC: Hungarian central bank surprises with keeping rates unchanged. Forint weakens only temporarily after the announcement

Asian Market Update: Japan sees first trade deficit in more than 3 decades in 2011; Australia inflation at a multi-year low