The US dollar staged quite a turnaround this week despite the lack of any significant data. Over the past few weeks, other central banks have proven to be less hawkish than the market had anticipated while upside surprises in US data continues to give traders confidence that the Federal Reserve will keep interest rates at 5.25 percent throughout the first half of the year.

The fifth wave of the 5-wave bearish sequence from 1.3367 is in progress and should take price below 1.2865.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for January 26.

John Kicklighter summarizes the outlook for major economic news for January 26 trading.

Todd Gordon returns from vacation with a look at the euro.

The foreign exchange market continued to be pro-dollars as it sent the greenback higher against every major currency except for the Japanese yen.

The psychological 2.0000 figure bears watching on a break above 1.9915. in the British pound.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for January 25.

John Kicklighter summarizes the outlook for major economic news for January 25 trading.

The US dollar is higher today against most of the other major currencies, but this was not due to any dollar positive news. Instead, the lack of any US data actually helped the dollar benefit from weakness elsewhere.