The economic calendar presents major event risks with the BoE rate decision and PMI services on tap.

The economic docket for the following week is expected to reinforce an enhanced outlook for the economy as market participants forecast consumer prices to expand.

The real estate market is de-leveraging. And that takes time. There will be periods when prices are going down. And periods when they are going up. But the overall trend will be down. It took nearly 20 years to deflate the bubble in Japan. It will take years to deflate the property bubble here in the US too.

How long will the loonie remain at parity this time?

The spenders spent too much. The savers over-did it too. They built too much capacity. Both need to make corrections.

The feds don't have any money, right? They’ve got the biggest deficits ever, and will have to borrow $2.4 trillion this year just to keep the lights on.

How does an event like a problem in Greece affect you?

Financial markets are at their core not logical at all, but psychological.

You work hard. You save your money. You make a product and sell it at a profit. Everybody's happy. And then, your customers, the silly spendthrifts, go broke. And what do you know? Everybody points his finger and blames you

The US dollar finished the week as the top-performing G10 currency, staging a noteworthy rally against the euro, Japanese yen, and other key counterparts.