EUR/USD Lower Ahead of Greek Debt Talks, EU Summit (Market Links)

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While waiting for news on the Greek debt deal and EU summit, here are some headlines in the meantime and a chart of EUR/USD at 1.317 (-.05%). Look at the perfect uptrends in the descending channel. The March E-mini S&P future is at 1305.5 (-0.53%).

Goldman's Tom Stolper Conducts Sunday Hitfest On The USD (1/29/2012, Zero Hedge)

Cutting Into Muscle - The Record Corporate Margin Juggernaut Has Just Rolled Over (1/28/2012, Zero Hedge)

Bubble Watching: Hainan Edition (looking at the property bubble in China) (1/30/2012, Also Sprach Analyst)

China Signals Limited Loosening as PBOC Bucks Forecast (1/29/2012, Bloomberg)

Hedge Funds Lift Bets to Two-Month High as Rally Accelerates: Commodities (1/29/2012, Bloomberg)

ROBERT SHILLER: A Housing Bottom? What Are They Thinking? (interviewed by Henry Blodget at Davos, Business Insider)

Recession Scares DoubleLine's Gundlach More Than Rising Rates (1/24/2012, Forbes)

Global Oil Production Update: A Strange Future Has Arrived (1/29/2012, Gregor.us)

EU leaders to agree on permanent bailout fund, balanced budget (1/29/2012, Reuters)

Greece should give up budget control: Germany (1/29/2012, ReutersZero Hedge)

Greece, Bankers Expect Debt-Swap Deal This Week (1/29/2012, Bloomberg)

Greek Debt Talks Risk Derailing EU Summit Plan (1/29/2012, Bloomberg)

Portugal Default Swaps at Record as Greece Spurs Loss Concern (1/28/2012, BusinessWeek)

Economic Updates: Spain GDP Contracts, Putting Economy on Edge (1/30/2012, Bloomberg)

Italian Business Confidence Falls to 2-Year Low on Economic Woes (1/30/2012, Bloomberg)

From last Friday: Fitch Takes Rating Actions on Six Eurozone Sovereigns (1/27/2012, Fitch Ratings)

"-Belgium LT IDR downgraded to 'AA' from 'AA+'; Negative Outlook; ST IDR affirmed at 'F1+'
"-Cyprus LT IDR downgraded to 'BBB-' from 'BBB'; Negative Outlook; ST IDR affirmed at 'F3'
-Ireland LT IDR affirmed at 'BBB+'; Negative Outlook; ST IDR affirmed at 'F2'
-Italy LT IDR downgraded to 'A-' from 'A+'; Negative Outlook; ST IDR downgraded to 'F2' from 'F1'
-Slovenia LT IDR downgraded to 'A' from 'AA-'; Negative Outlook; ST IDR downgraded to 'F1' from 'F1+'
- Spain LT IDR downgraded 'A' from 'AA-'; Negative Outlook; ST IDR downgraded to 'F1' from 'F1+'"

In other news:

Facebook Readies IPO Filing: Morgan Stanley Seen Leading Deal Valuing Giant at $75 Billion to $100 Billion (1/28/2012, WSJ)

Money From MF Global Feared Gone, "Vaporized" (WTF!!) (1/30/2012, WSJZero Hedge)

Longest S&P 500 Valuation Slump Since Nixon Discounting Record U.S. Profit (1/30/2012, Bloomberg)

Law Firms Keep Squeezing Associates (1/30/2012, WSJ)

Occupy Oakland: Arrests may top 400; City Hall vandalized (1/29/2012, Los Angeles Times)

St. Joe Pares Back Its Florida Vision (1/28/2012, WSJ) - Einhorn for the win

Hacking Seen as Rising Risk With Car Electronics (1/30/2012, Bloomberg)