The European Central Bank has not backed off from their hawkish inflation bias by any means, and with good reason: CPI remains well above their comfort zone and upside inflation risks persist.

The sell-off in the US dollar resumed sooner than we had initially anticipated on the heels of surprisingly weak economic data.

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

Once again, derivatives are have become a weapon of mass destruction on Wall Street.

Event risk for the currency market lies primarily on the US dollar side, as consumer confidence, durable goods orders, and GDP revisions are all scheduled to be released.

With existing home sales rebounding in the month of February and European markets still closed for Easter Monday, the US dollar recovered against the euro and the Japanese yen.

Investors swarmed into higher yielding assets after the sell-off in the commodities last week, and pushed the strengthening dollar further away from last weeks record lows.

Currency strategist Boris Schlossberg analyzes the major currencies for the week of March 24.

This week we will reexamine Bear Stearns bailout, look at the drop in gold and commodities, come to the defense of Alan Greenspan, and think through to the end game of the economic crisis.