Equity Futures are mostly negative tonight suggesting a slightly lower open.  This weekend saw the board of governors from the G-20 assemble.  Although a number of important topics were discussed there was agreement amongst the board that economic stimulus should not be removed until further signs of a steadied economy are present.

We closed out last week with a bang as U.S Unemployment printed worse than expected to 10.2%.  This obviously concerns investors that if unemployment does not at least bottom it could derail the already fragile economic recovery.

There was a slightly quieter week this week on the data front.  We will be watching the Canadian Housing Starts for October.  Although we do not expect any surprises here, nonetheless the CAD is quite volatile these days.

Upcoming Forex Events for November 9, 2009

CAD      Housing Starts   Forecast    155.00K    Previous  150.00K

JPY       Bank Lending (YoY)                    Previous   1.60%          

GBP      RICS House Price Balance           Forecast    29.00%    Previous  22.00%

AUD      NAB Business Confidence                                       Previous  14.00