[Pimpllus]

The momentum is again in the direction of the USD, catalyzed largely by the better than expected non-farm payroll data from last Friday. Since Friday, the EURUSD traded down from 1.3970 to a current level of 1.3870. The EUR weakness is expected to continue as underlying factors all point to a weaker EUR. The USD strength is also appearing in USDJPY. The USD traded up from 97.64 to a high of 98.45 on the back of the payrolls data. Turning to the Far East, this is a big week for Chinese macro data. This week we'll get domestic demand figures, and fixed asset investment just to name a few. This data has to the potential to really moved the market whether it is better or worst than expected. Sentiment abounds that China's domestic demand may have peaked. The data will either substantiate or refute those claims.