Strong inflation pressures have thus far left the European Central Bank maintaining a hawkish bias. However, downside risks to growth, instability in the financial markets, and the rapid appreciation of the euro has also left the bank quite unsure of what to do next.

The US dollar rallied strongly for the first day in five, as news of substantial foreign investment in the downtrodden domestic banking titan Citigroup lifted hopes that international investors would seek to buy recently depreciated American assets.

The Dow plummeted 237 points, 10-Year US Treasury Bond yields fell to the lowest level since March 2004 ,and the US dollar fell to a fresh two year low against the Japanese yen.

US economic data this week is likely to highlight the mounting recession risks that have plagued the greenback and equity markets.

The US dollar remained relatively unchanged following an uneventful return from the US Thanksgiving holiday weekend.

Currency strategist Boris Schlossberg analyzes the major currencies for the week of November 26.

Tim Bourquin interviews Jeff White, who talk about how he finds trading opportunities by using scanning software, how he determines his stop loss points and how he scales out of profitable positions.

The unstoppable force of inflation seems about to smash into the immovable object of deflation.

Further dollar weakness is to be expected; the only thing that can save the US dollar at this point is strong holiday spending.

Bill Bonner writes that the markets are in an uncomfortable and potentially explosive position.