Retail sales actually went up last month.  How is that even possible?

Since the beginning of this week, the euro has fallen more than 500 pips against the US dollar, the biggest weekly gain in three years.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for June 13.

Upcoming US data is anticipated to suggest that the economy is facing one of the Fed’s worst fears: stagflation.

The US dollar has strengthened across the board following a much better than expected retail sales report.

If emerging market economies can continue growing at their current pace, perhaps they will spare the United States a serious correction.  American consumers will finally be able to relax.  The whole world economy will no longer rest on their backs.

This weekend’s G8 Summit in Japan is set to focus on the matter as energy costs have crimped consumption, distorted trade figures, and fed global inflation.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for June 12.

American consumers are buying less from the rest of the world.  This leaves less U.S. money in the hands of foreign central banks, and less reason for them to inflate their own currencies.