Well it has been another busy week in the economic markets, and there is a lot news and a lot of reports to sift through. The Winter Olympics are officially over, and after a good set of games it's time to buck back down and really dive into the reports. Outside of the normal economic reports that affect the Forex, there were several news stories worth paying attention to in regards to the economy.

The Dow erased its 2010 loss this week, finally going into the positive for the year on Thursday, and trending up even further after the employment report beat expectations. Retail reports throughout the week in the States also are increasing optimism that the economy is slowly regaining strength.

The major banks in the U.S. are still making news, as Bank of America warrants were sold by the Treasury department for $1.54 billion, a record for that type of sale. Citi's CEO has released public statements insisting that the bank has transformed since the banking crisis.

Overseas the EU is still negotiating with the nation of Greece to try and figure out the right plan for helping the nation pull out of a debt crisis. A key bond plan has passed, giving a lot of confidence that a viable plan will be able to be worked out.

Natural gas tumbled 4% as oil prices rose, and beleaguered car company Toyota continues to struggle as there were nearly 70 consumer complaints filed with unwanted and unintended acceleration on "repaired" cars - the same problem that caused the initial recall.

That's quite a lot to chew on even before diving into a busy week with the normal economic reports. Europe in particular had a lot to release this past week. So without any further wait, let's jump right into the fray in this week's version of the week in review.

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