Risk off week ahead!

Next week will be a risk off week... Some important things to note:

1. Outcome of EURO-zone Sunday meeting on debt purchase
2. FOMC speech on early Wednesday morning

Note that SGX is closed on Tuesday for National Day, just before the critical FOMC speech... 

On the currency front, USDCHF just drop a hint for next week risk appetite on my Oanda platform! US downgrade may not be a non-event as the news suggest.