The markets will get a taste of consumption data for the beginning of the third quarter on Friday, as personal spending for the month of July will be released.

Todd Gordon looks at the moderate weakness in the yen in his video of the currency markets.

The Chinese yuan advanced against the US dollar today in New York and was able to gain against both the Euro and Pound Sterling as well.

The US dollar rallied as the Dow Jones Industrial Average started the day with triple-digit losses, but a later rebound in domestic stock markets left the greenback relatively unchanged through the afternoon.

The USD/JPY currency pair has traced out 5 waves lower, indicating a large degree trend change.

The greenback was boosted by several reports that the Fed may not necessarily cut rates at the upcoming September 18 meeting of the FOMC.

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

Stocks have gone nowhere for the last seven years. That means they are still expensive.

The release of the second reading of US GDP for Q2 could prove to be market-moving on Thursday, as expansion is anticipated to be revised up to 4.1 percent – the best rate of growth since Q1 2006.