Major Market Movers

A Calm Start…
Another week starts in our journey, new hopes and dreams were created on the weekend, new spirits and determinations got unleashed, and here we are, with the first day, a calm start for a really hectic and busy week for the world's largest economy, so let's ease you in dear reader.

The U.S. economy will start this week pumping some class A fundamentals into the markets, where the start is going to be the FOMC decision, where a 25bp cut is expected in the markets, and another 25 point on the discount rate in ongoing attempts to handle and contain the credit crisis.

Later this week, inflation data will start to flow, starting form the producer price index and then the consumers price index, two important indicators that might confirm if it was a good decision that the FOMC made or not.

Retail sales and trade balance numbers are also on the queue this week, the numbers are really important as well, but with all the traffic we have they might be the less important ones, and all eyes will be mainly on the rate decision and the accompanying statement.

Dear reader, dollar weakness is still the top story as the year is near the end, policy makers are trying to at least catch up in 2008 and make it a better time for the U.S. economy and the drawing U.S. dollar, but up till now, look out for more weaknesses, as it is still the highest probability...