Lets call this the ForexLive weekend FX news wrap ... there were plenty of headlines out:

  • US Social Security increase will likely be zero
  • Bets placed, Irish central bank decision down to two
  • Russia's Putin does not plan to restrict movement of capital or foreign currency earnings
  • Repeat: ECB's Lautenschlager says Eurozone countries still face very large domestic vulnerabilities
  • ECB's Lautenschlager says domestic vulnerability of Eurozone countries are still very large
  • Fed's Fischer sees a rate hike this year but it's "an expectation not a commitment"
  • BoC's Poloz weekend comments on Canada, China and global economy,
  • BoE's Shafik: Central bank hikes to discourage leverage in EMs could be misguided
  • Weekend reading: Back to the Bernanke era
  • Five reasons to bet on gold
  • Bloomberg poll says economists now see a 15% chance of a US downturn in the next year
  • UK lawmakers will review "costs and benefits" of EU membership

I've bolded the comments from vice-chair of the Federal Reserve, Stanley Fischer (more at the link). He is beginning to lay the groundwork for a potential big back-pedal from the Committee For Being Scared Of What The Market Might Do (you might know them as the FOMC).