Major Market Movers

Breath markets…Breath
Tired, sick and exhausted, those are the best words to describe the state of financial markets today, the U.S. economy, the Japanese economy, and even the European economy just drove financial markets in all direction with extraordinary volumes, yet we're still lost in the maze.

The U.S. economy showed that in December the economic activity has slowed down massively, signaling for a great contraction in growth levels, and giving no signs for any improvement whatsoever in the near future, especially with the ever declining housing sector that is just keeps getting worse and worse, leaking to all parts of the economy, and damaging the financial sector as we've seen in the latest earnings.

While comments from the ECB members irritated the winter sabbatical for the 15 countries currency, counting it as one other confusing currencies which are A LOT nowadays, with some dovish signs from the council members the Euro couldn’t handle it but to inch slightly lower against majors, after it was skyrocketing against all majors as the most steady and the only supported by a hawkish stand.

Japan also reported some mixed up data during the week that also kept the yen with no direction waiting for more economic confirmation to either get weaker or stronger, or define a certain direction and a new wave outside the tight range it's wondering around it in a while.

Today, light economical news from America is going to have the final word for the week, while consumer sentiment is expected to drop in the first month of 2008 to 89.7 from 91 in December 2007, while leading indicators are expected to drop 0.1% in December after dropping 0.4% in November, those are not going to be very important, yet they will be the door to profit taking a head of the weekend.

Breath markets…Breath, you've been tried and exhausted for too long, today you have some time to rest and just breath, and get ready for the next battle.