Will striving for discipline lead to reckless trading?

Is the US dollar signaling a potential reversal?

Is the EUR/USD breakout just beginning or is this the last gasp?

The outlook for the recently-downtrodden yen is somewhat unclear, but momentum plainly remains to the downside against all except the US dollar.

The British pound could continue to rise next week as an uneventful economic calendar offers little event risk to slow the currency's momentum.

The Swiss franc rallied against the US dollar and Japanese yen last week, pushing USD/CHF below key trendline support to 4-month lows.

If the US economy is really following Japan, things are going to get a lot worse. Japan’s output is collapsing – at a 15% annual rate last quarter.

The biggest story in the currency market this morning is news that Standard and Poor’s has put the U.K.'s Sovereign Debt rating on negative credit watch.

The combination of the plunge in the US dollar and Treasuries, vast drops in FX carry trades, the equity markets, and oil, along with a jump in the CBOE’s VIX volatility index tells us one thing.

The underlying economy is not really getting better. It’s actually getting weaker.