greenback ended Monday broadly lower against the majors, as the US dollar index continues its nearly month-long consolidation below the January highs.

While Wall Street is waiting on the stimulus package, will bad news keep coming?

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for February 9.

Unemployment is increasing, and consumers are both saving more and spending less as incomes are not keeping pace with what little inflation there is.  All in all, a very different set of facts than a few quarters ago.

Will the stimulus succeed?  That will be the central question driving the currency market in the next few weeks.

With event risk due to be fairly high this week, a break in the dollar seems possible.

A clear mprovement in global risk sentiment left the euro marginally higher against the Japanese yen and US dollar, but its losses against other key counterparts underline the case for further declines.

Positive reactions to bearish financial market developments leave the yen in an ideal position to benefit from deterioration in risk appetite.

What happens if America follows Japan's example?