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This week may see more trading volatility again - as we have seen in the past. Last Weeks dismal unemployment numbers ahead of the July 4th Holiday gave a boost to the US Dollar as money came out of equities and into the safe refuge of the “Holding Tank” of the Currency.
July 6 - 10 2009 - US Calendar
Not much news scheduled until the end of the week.
7-6: Monday - ISM Mfg Index and some Treasury Auctions
7-7: Tuesday - US Treasury Strips
7-8: Wednesday - 10 yr auction and Consumer Credit Report
7-9: Thursday - Weekly Jobless Claims - Wholesale Trade
7-10: Friday - Trade Data - Import-Export Prices - Consumer Sentiment
July 6 - 10 2009 - International Calendar - Highlights
Interest Rate Announcements from Australia, and the UK, Employment Data from Canada - Stay Tuned
Yen Gains on the Majors
The Yen has made significant gains against the US Dollar, Euro and Pound as Asian stocks were falling as the week gets under way.
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