The Institute for Supply Management is expected to report that their survey of conditions in the manufacturing sector fell to a five-year low of 48.0 in April from 48.6. However, data from the Philadelphia, Richmond, and Chicago Federal Reserve regions all show that conditions remain weak.

The Federal Reserve cut interest rates by 25 basis points to 2 percent, which was right in line with the market’s expectations. However, the US dollar sold off because the market was disappointed that the central bank did not give them more.

The ongoing housing recession has led many to believe that the US economy is in the midst of a real economic recession, and the upcoming GDP report will go a long way to dispel or confirm such pessimistic sentiment.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for April 30.

The Fed is unlikely to fall victim of a sudden attack of monetary integrity. The dollar is unlikely to rise very far against gold.

Fed officials face a tough decision when they weigh the risk of deteriorating growth with that of rising inflation.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for April 29.

Todd Gordon is still short the EUR/CHF from 1.6210 going on his fourth day in this position.

Money and credit are flooding the system, but many investors still drowning.

Currency strategist Boris Schlossberg analyzes the major currencies for the week of April 28.