The US dollar continued to sell-off for the third consecutive trading as the Fed’s disappointment hangs over the market. Personal income and personal spending both increased more than expected thanks to stimulus rebate checks.

On Monday, Eurostat estimates for Euro-zone CPI are expected to show that inflation accelerated at an ever faster clip of 3.9 percent in June.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for June 27.

Personal spending in the US is expected to have jumped 0.7 percent during the month of May, which would mark the biggest rise in six months as consumers spend more at gasoline stations and purchase building materials as the weather warms up.

People who believe that history repeats itself are asking themselves: Is this a rerun of the '30s…or a replay of the '70s.

In the first minute of trading, the Dow Jones Industrial Average broke its Bear Stearns low.  The combination of higher oil prices, the technical break in the Dow and news that Goldman Sachs put Citigroup stock on its sell list sent equities tumbling more than 200 points on an intraday basis.

The Federal Reserve left interest rates unchanged at 2% and upgraded their degree of hawkishness but unfortunately for dollar bulls, the Fed was not hawkish enough.

Expansion in New Zealand is anticipated to contract for the first time in just over two years during the first quarter, as GDP is expected to fall 0.3 percent and drag the annualized figure down to 2.1 percent from 3.7 percent.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for June 25.