Current Macro Factors

Some of the factors that I am watching in the short to medium term that could change current market trends are European debt offerings, and the discussion of raising the US debt ceiling:

Spain has 2020–2024 dated bonds coming to market on Thursday which could result in the recent strength in the Euro continuing or perhaps a chance at a disappointment (though I think that will be a small chance). 

The debate on raising the debt ceiling in the US will begin to take center stage in the markets as the ceiling approaches.  The longer the debates go on in Washington the greater the downward pressure could become on the dollar and long term treasury prices.