A.m Observations

I hope everyone had a nice holiday weekend.

Here's the schedule for this week, whatever we missed last week is made up for this week including the most important non-farm payrolls ever.

Even though the new week started with a weaker Yen as has been custom recently, that didn't translate in to a green close for the Nikkei.

China also had a boost with a beat in HSBC and official PMI, but the Shanghai Comp. closed red.

The Euro is weaker than usual vs. the USD, despite stronger than expected European PMIs.

I think most important for the possible December Pater is this week's Non-Farm's Payroll report Friday, this will be the biggest event thus far probably of the year or most anticipated as each one is.

Here's the schedule for the rest of the week.