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Hi everybody hope you are fine. Greenback rose at the beginning of the week and continues, as the American White House and the Congress seem to have reached an agreement on the bailout $700 billion plan, after debating all week end, to avoid more panic in the markets. At the moment, the Sterling and the Euro are the ones suffering the most, helped by evidence emerged suggesting that the banking crisis is spreading to Europe. Anyway the final bailout plan is still waiting for a formal society presentation, and that’s supposed to happen today : be aware volatility is set to continue high this week.
These are the most relevant news in the U.S. for today, East Time:
08:30 Personal Income (Expected 0.2% Previous -0.7%)
08:30 Personal Spending (Expected 0.2% Previous 0.2%)