EUR/JPY staged a late day pop to 168.20 after consolidating above 168.

To the surprise of the market, Federal Reserve Chairman Ben Bernanke shifted his tone ever so slightly in his congressional testimony on the economy and monetary policy.

During a heavy week of event risk out of the UK, retail sales growth is anticipated to soften in the month of June to an annualized rate of 3.5 percent – a seven-month low.

Ahead of the full schedule of Chinese economic data set for today, traders continued to take the Yuan higher towards the post revaluation record in the overnight session.

The US Dollar receded to fresh multi-decade lows against the euro, as renewed worries over the domestic subprime lending sector dogged the greenback through New York trade.

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

Jamie Saettele has an initial bearish target of 1.3700. The form of the decline will alert us to the bearish potential.

The British pound broke through the critical 2.0500 figure, but found some difficulty holding that level in the wake of relatively tepid Bank of England minutes.

Trading gives us lessons not only about what to do or not to do next time in a trade, but also life lessons about personality traits that could improve the rest of our lives too.

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