Weak demand at the Italian bond auction is causing an uproar that the Euro Zone debt crisis is far from being over. Adding more fuel to the fire, we have an on-going bickering in the Euro Zone on how to proceed with the Greek bailout. Finland, Austria, the Netherlands, Slovenia and Slovakia are demanding collateral from Greece for more bailout funds.

USD/JPY is on the decline this morning, the Japanese PM survived a no-confidence vote and offered to resign once the nuclear crisis effect is over. Intraday bias remains on the downside, as long as the 82.78 minor resistance line is not broken.

The price of oil has risen in response to the turmoil in Libya.Brent crude jumped 1.75% in early Monday trading to $104.25 a barrel, its highest level since before the 2008 financial crisis.

Credit card offers are surging again after a three-year slowdown, as banks seek to revive a business that brought them huge profits before the financial crisis wrecked the credit scores of so many Americans.