More tremors in global financial markets sent carry trades lower as investors liquidated all risky positions, sending EUR/JPY nearly 200 points lower while USD/JPY approached the critical 116.50 level.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for August 15.

There's a polite way of saying you’re homeless.

The meltdown in the financial markets continued as stocks finished down over 200 points, bond yields continued to slide and the US dollar rose as traders flocked to the safety of the mighty buck.

Inflation growth in the US is expected to slow during the month of July, with the annualized headline CPI figure estimated to drop to a four month low of 2.4 percent, while the annualized core measure is anticipated to hold steady at a 15-month low of 2.2 percent.

The Chinese yuan pulled back against the US dollar even as equity markets moved higher on the day.

The US dollar gained for the second consecutive trading day, as increasingly risk-averse global markets sought the safety of the world’s foremost reserve currency.

It was only a week ago that the FOMC statement signaled that the Federal Reserve remained hawkish, but the recent liquidity crunch has forced the bank to add billions of dollars into the money markets.

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

Jaime sattele writes that the 100% extension has been breached and that the decline appears to be subdividing.