Some news from Japan will start the week: Current Account is expected to fall by 20%, from 0.5T Yen to 0.4T. The Economy Watchers Sentiment is expected to remain stable, at 17.3. Also from Japan: Bank Lending and M2 Money Stock .
In Switzerland, the Unemployment Rate is expected to rise from 2.9% to 3.1%. This is a very low rate, but the significant rise will show that also the small and rich nation in the Alps is suffering from the global crisis.
In Europe, Sentix Investor Confidence is predicted to deepen its dive to -37.8, worse than last month’s -36.1.
Canada provides some significant data, with Housing Starts, that are expected to decline to 144K, from 154K last time. This adds to other bad data from Canada.
Don’t worry, the forex market will get some more interesting news later on in the week. Check out the Forex Weekly Outlook.