The relative quiet of the economic docket has proven to be a boon for the dollar’s evolving reversal so far this week.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for May 8.

Once again the US economic calendar was relatively light, and yet the greenback was able to ratchet significant gains against most of its major counterparts.

The Feds keep making people feel richer than they really are.

On Thursday, May 8, the Bank of England and the European Central Bank will each announce their monetary policy decisions.

The European Central Bank is widely expected to leave rates steady this week at 4.00%.  Will Trichet remain hawkish or focus more on mounting downside risks to growth?

The Bank of England is expected to keep its benchmark interest rate unchanged at its upcoming policy meeting, amidst concerns of rising inflation.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for May 7.

It is the worst of times for people with big appetites and little money.  Many of them will go hungry.  And an empty belly is a dangerous thing.

Despite a quiet economic calendar, the US dollar was on the retreat Tuesday against most of its major counterparts.