Summary for week 3

Indices around the globe hitting multi month lows and testing psychological levels, Dow testing the 12,000 level, nikkei broke through the 14,000 support level, hang seng also broke the 25,000 level... With US president announcing the stimulus package with FED Bernanke supporting... Personally i think that will not help... but help is better than no help.... Hope it doesn't complicate the situation more. Data this week: CAD retail sales, interest rate announcement and crude oil inventories .JPY trade balance, GBP GDP and MPC meeting minutes(exp 9-0)....USD unemployment claims.... NZD interest rate statement.