Following the FOMC’s 25 basis point cut on December 11, the committee's policy statement made a point of keeping all options open when it comes to the next meeting in January.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for December 18.

Now we have Win-Win Capitalism. It’s the system where no one loses. Since around 1980, investors have come to see capitalism as a benign force. It makes people rich, if they can only get enough of it.

The US dollar continued to rally to fresh two-month highs against the euro and other major currencies, as traders showed little willingness to hold onto dollar shorts ahead of year-end celebrations.

If Tuesday’s inflation data proves to be unexpected, the Canadian dollar is likely to respond immediately, though its reaction may be more severe in the case of an upside surprise.

Currency strategist Boris Schlossberg analyzes the major currencies for the week of December 17.

This week John Mauldin worries about enhanced cash funds, an inflation rate over 4 percent, and the danger of the Fed losing what little control it does have.

Now we're blaming the Chinese for the increase in the price of Christmas trees?

A number of factors can be attributed to the rally, such as strong consumer prices, Lufthansa’s purchase of a stake in JetBlue and overall risk aversion. The most important thing is that the consumer is not giving up, which reduces any chance of a recession next year.

With capital flows one of the main issues dogging the dollar, an improvement in the Current Account status could be of help to the dollar and may push EUR/USD further below the key 1.4500 level.