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USD Technical Forex Analysis for Daily Traders

The USD opens the week on a softer note and remains under light pressure at the start of New York trade. Overnight action was subdued with most of the action contained in Yen cross spreads after the release of Japan's Tankan report; traders note that the report was very soft and below forecasts prompting some analysts to expect the BOJ to cut interest rates at some point soon. With rates at .3% from the BOJ it is difficult to expect that a rate cut would help much as the bank has held effectively a zero-rate policy since the 1990's; USD/JPY is lower at 90.74 with highs at 91.37 and lows at 90.47 making for an inside range day with lower two-way action.

Moscow skinhead gang is jailed following racist murders

Russia FlagMoscow - A Moscow city court Mo

Greece braces for another week of protests

GreeceAthens - More than 4,000 students hurled eggs, oranges and flour at police outside Athens' main police headquarters Monday in a second week of anti-government protests, sparked by the police shooting of a teenager.

The students, yelling "You have got old, fat and have forgotten," blocked one of the Greek capital's main avenues and threw projectiles at riot police, who eventually responded with teargas.

Protesters also hurled eggs at police outside the main courthouse on the other side of town, where hearings went ahead involving dozens of people arrested during the country's worst riots in decades.

Germany's Loew relaxed on Ozil national team dilemma

Joachim LoewHamburg - Germany coach Joachim Loew said he would not be giving Werder Bremen midfielder Mesut Ozil a first international cap in order to head off an approach from Turkey.

"We don't do that sort of thing. There will be no promises from us," Loew told Deutsche Presse-Agentur dpa on Monday.

It follows an interview by the Germany under-21 player with Turkish parents in which he said he would consider playing for Turkey should he be approached by national team coach Fatih Terim.

Bolt sets his sights on 400m world record - in 2010

Usain BoltLondon - Usain Bolt looks to add Michael Johnson's 400 metres world record to his 100m, 200m and 4x100m marks, the triple Olympic champion told the BBC in an interview to be broadcast later Monday.

But Bolt told BBC's Inside Sport that he won't attempt to crack what would then be the 11-year-old mark until until 2010. Johnson ran 43.18 seconds at the 1999 world championships in Seville Spain.

"Everyone wants to do it. There are no major championships in 2010 so I could go for the 400m record that year," he said.

Weekend snowstorm leaves two dead, thousands without power in France

Weekend snowstorm leaves two dead, thousands without power in France   Paris - Two people have died and some 90,000 households were without electricity on Monday following a powerful weekend storm that left much of central France buried in snow.

On Sunday, a 50-year-old woman lost her life after her vehicle skidded on a snowy road near the town of Lavoute-sur-Loire and plunged into the icy Loire River.

In addition, a 58-year-old Swiss man hiking with snowshoes in the Jura Mountains was caught in an avalanche and killed. His wife was gravely injured in the accident.

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