Here are the top three things that could affect how currencies trade this week.

The New York Times reports that the rich are defaulting on their mortgage loans faster than the poor.

Employment may no longer be just a lagging indicator but may also be predictive. It is an interesting insight, which we will explore as we take a very deep look at US employment.

Emotion is the last thing you want to rely on when you put on a trade.

The real reason people are unemployed is that the price of labor is too high. We're in a period of price and debt destruction. Output prices are going down. So, labor prices should be going down too.

Attention now shifts to the coming week's Advance Retail Sales and Consumer Price Index reports.

A deeper upward correction is likely ahead before the long-term euro downtrend resumes.

Japan is expected to show a drop in consumer confidence on Tuesday as the unemployment rate as of late advanced to a fresh yearly high.

The British pound held a narrow range as the Bank of England refrained from releasing a policy statement following its interest rate decision for July.

The upcoming economic calendar is comparatively light to the past week with International Merchandise trade and leading indicators highlighting.