Today is a calm day for the world's leading economy, as the monthly budget statement of the country is the only index to be released later on the day, however sentiments of optimism remain spread throughout the strong nation due mainly to last week Fed minutes cheerful outline, knowing that the economical recovery from the crisis is so far gaining further momentum but remains obstructed by the elevated unemployment and tight credit conditions.

In fact, past overall data from several sectors came in better-than forecasted and within the FOMC meeting the participants have attested that the overall economic conditions of the world's largest economy are enhancing and improving having the staff continuing to anticipate a moderate pace of economic recovery over the next two years, while the major stumbling block is the continuous deterioration of the labor market, which keeps on postponing a full economical revival to be witnessed.

If truth be told, during the past week as well, the Federal Reserve chairman; Ben Bernanke, stated throughout Business people meeting that the current economical gradual recovery witnessed throughout most of the country's sectors still did not support a true revival of the labor sector and therefore it is still early for the Federal Reserve to raise interest rates.

Moreover, the U.S stocks were able to gain on cheerfulness spread last week as more than 30 retailers across the world's superpower reported that sales rose by 9.0 percent, which is the biggest one-month gain witnessed in 11 years, indicating once again that the present recovery process from the recession is gaining momentum and supported a higher demand on fuel.

Plus today, the monthly budget statement of March, which is considered as an indicator of budgetary trends and the change in fiscal policy, is highly forecasted to show that the deficit of the federal government may have eased to -62.0 billion of dollars from a prior considerable deficit of -191.6 billion of dollars, knowing therefore that the Federal government will issue less notes to finance their operations since their treasury budget deficit has eased.

As for the superpower's neighbor and major trading partner; Canada, it's recovery from the worst global recession witnessed since WWII is gaining further momentum as well throughout this past period, having in fact more cheerful data released regarding overall economical conditions within different sectors along with a gradual strengthening of the demand across the country.

In addition, Canada's Housing starts for March will be released, which measures the rate of housing construction and growth that were commenced over a specific period in Canada, therefore it expresses the housing market, construction sector and consumer spending levels, knowing that it may rise cheerfully but faintly to 205.0 thousand from a prior reading of 196.7 thousand.