The boom years are over.

Another day, another plan from the US government that has failed to impress the markets.

Data out of Japan has revealed a fundamental shift in capital flows that will continue to offer USD/JPY support, and will help offset the U.S. dollar selling pressure that has emerged in the wake of the Wall Street financial crisis.

The US dollar ended the day on a stronger note as an end-of-day selloff in the US stock markets triggered yet another round of flight-to-safety.

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

The stock market has moved from greed to fear, and the forces of inflation are in full retreat.

For the first time since Sept 2001, central banks around the world have delivered a coordinated interest rate cut.  But was it too late?

The US dollar ended the day up against the British pound and commodity dollar, while edging back versus the euro, Swiss franc, and Japanese yen. The most disappointing reaction, though, was in the stock markets as the DJIA ended the day down 189 point while an apparent lack of confidence in government debt led Treasuries to sell off as well.

The U.S. economy will continue to face substantial challenges including further job losses, high energy prices and a rapid deleveraging in the financial sector.

In a coordinated effort, the central banks of the major economies around the world have lower their respective benchmark interest as the credit crunch spreads throughout the global financial markets.