Good morning my fellow Americans. How did ya’s sleep? Had a hell of a week to recover from, with oil and stock woes all across the board, hopefully this week will be better for you.

Japan, we forgot to mention, Had an index for Economy Watchers. This is Japan’s Index for the service sector, and has fell shy of expectation at 32.1 under 34.5.

How did Europe do so far in their session?
Looks like Germany is shipping more goods out then taking in to the amount of 18.7 Billion. Not Bad! Sentix Consumer Confidence came in at a way high number at 5.2 over the expected 3.0. In England, the PPI Input came in at 3.8%, well over the 2.6% expectation and the Output was 1.6% over .8%.

So far so good for europe, but a great deal of news will happen later on in the day, with a couple of anouncements being after the market close.

As we are writing, the numbers for Canada’s Housing Starts are coming out. This number is 221K, which is just over expectation of 220K.

Activity in the USA For Today:
The news items you need to watch out for today, is in about a couple of hours from now, you have Pending Home Sales and later today you have NY fed cheif Geithner talking as well as Bernanke, but he doesn’t appear until later tonight.

Meanwhile on the other side of the pond…
We will have Swiss National Bank Chairman Jean Pierre Roth speaking shortly, and around lunchtime in the states/later this afternoon in europe, another Jean speaks, Jean Claude Trichet from the Central European Bank.

Everybody have a good morning trading. Make some serious pips! TRADE ON!

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