Dear Trader,
The week started off a staggering movement with weak market data in Europe, Asia and the U.S.; hyphened by the IMF’s Strauss Kahn‘s arrest for sexual assault charges. EUR/USD is pairing a wobbling direction, a result of a quasi-stressed out euro zone given the uncertainty claims of restructuring the indebted Greek, Monday’s negative economic index data of both France & Germany , and more concerns about U.S.
As for this week’s economic calendar, traders will eye today on Housing starts data which may have a positive or negative impact on the U.S. dollar, additionally, FOMC minutes on Wednesday will be of high importance as Fed is going to disclose policy changes. Later on Thursday, the weekly Jobless claim.
