Carry trades rebounded strongly as the Dow came close to erasing all of Tuesday’s losses.

The yuan continued to advance against the dollar as traders saw the reference rate as an encouraging sign for more flexibility in the underlying spot.

Currency technical analyst Jamie Saettele analyzes the Australian dollar against the Canadian dollar, Japanese yen, and New Zealand dollar.

A larger, more complex correction may be playing out.

Trade action suggests that appetite for yield from Japanese retail investors remains insatiable despite the continuous woes in global credit markets.

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

Traders just whacked the carry trades and equity markets, sending the EUR/JPY currency pair well through Todd Gordon's minimum wave 3 target of 155.60.

Consumer confidence saw its largest drop since Hurricane Katrina in September 2005.

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.

Even as risk aversion was the daily theme, the Chinese yuan continued to be in high demand against the US dollar and British pound.