The Congressional vote of approval the US Treasury's bailout of financial markets failed to lift downtrodden stock markets, and the impressive Japanese yen rally made it the only G10 currency to finish higher against the US dollar through the week's close.

The focus on financial crisis has been magnified for the UK this past week, which may mean a new leg of declines for the British pound.

Does anyone pay attention to the Constitution anymore?

The US dollar started the day on a strong note amidst hopes that financial market stability was on its way.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for October 3.

Copper has collapsed.  So has shipping. Both are telling us that they world’s economy is slowing down.  Housing prices are falling faster.  Job cuts are accelerating.  Local governments are getting hit by lower revenues.

While the fundamental aspects of the US economy remain grim, as US factory orders plunged 4 percent, the US dollar has still managed to rally.

For the average American, this sickening problem is coming to the fore, and with an election upcoming, a stand needs to be made.

September non-farm payrolls are due for release on Friday and now more than ever the level of job losses could determine whether the Federal Reserve will cut interest rates this month and by how much.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for October 2.