The Shanghai Composite Index fell by 8.3% to close at 3,670 points, on speculation that the Chinese government could launch a new wave of tightening measures to cool down one of the hottest stock markets in the world.

The economic calendar was not very favorable for the US dollar at the start of this new week, though the currency's weakness was clearly visible well before the release of this morning's only indicator.

Todd Gordon booked 40 points on a half-size position at 1.3485 into what appears to be the end of wave 3 of 3.

Currency technical analyst Jamie Saettele analyzes the euro against the Japanese yen, Swiss franc, and British pound.

GBP/USD has shown the most strength today by overcoming resistance at the 1.9900.

Derek Frey provides weekly market commentary on currencies for the week of June 4.

Currency strategist Boris Schlossberg analyzes the major currencies for the week of June 4.

Japanese Capital Spending rose by greater than expected 13.8% while the Shanghai stock index plunged by more than 8% breaking the key 3700 support trend line.

Todd Gordon starts the busy week with an attempt to go long the EUR/USD.

Price Headley shares his 10 favorite trading books of all time.