Today’s Observations Tuesday Sept 7, 2010, 8:23 am

OK, let’s get down to business after our extended holiday Labor Day weekend and roll up our sleeves to see what this week has in store for us now that the “big boys/girls” are back from their summer vacations…..

Looking around the global markets…..Asia had a good follow through Monday morning and today the Asia Rangebound, Central Banks in Focus ….. Renewed Bank Worries Halt Euro Stock Rally and that seems to be what knocked the futures down overnight.

No economic data points are scheduled for release today…..tomorrow we’ve got:
Wed Sep 08 Release Impact For Actual Expected Prior
10:30 AM Crude Inventories 09/04 – NA 3.42M
2:00 PM Fed’s Beige Book Sep – NA NA
3:00 PM Consumer Credit Jul – -$5.25B -$1.3B

Airtime: Tues. Sept. 7 2010 | 7:00 AM ET
Wall Street is heading back to work after a summer marked by volatility, with Robert Doll, BlackRock, and Rex Macey, Wilmington Trust.

The EUR/YEN ratio is VERY low being at 106.814 after closing at 108.841 on Friday….so it’s down by 1.89%… will be interesting to see how the 10 yr Treasury trades in 7 minutes…..

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