Consumers are getting shellacked all over the world, and so are investors.

Toni Hansen writes that on Wednesday the market returned to the earlier bias for a third low on the 60-minute time frame, which now creates a greater potential for a stronger move higher into next week.

In the vaults of various central banks around the world lies $4.8 trillion worth of foreign currency reserves -- the fruit of selling oil and widgets, mainly to U.S. consumers.

Non-farm payrolls for the month of June are due for release this Thursday, but with the Federal Reserve no longer looking to cut interest rates, will the degree of payroll growth actually have meaningful impact on the US dollar?

There is little doubt in the markets that the European Central Bank will raise rates on Thursday, as ECB President Jean-Claude Trichet remains the most hawkish central banker around.

Toni Hansen is still expecting further upside from this point on the daily time frames, with the 20-day sma and congestion from early last week serving as resistance.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for July 2.

The Lehman 20-Year T-Bond ETF (TLT) failed to climb above yesterday's 6-week recovery high at 92.81 in what should be an extension of the "flight to safety" syndrome in an otherwise treacherous equity market.

Unemployment is rising. And now, carpenters, plumbers and even granite countertop installers are getting jobs with the banks. They're finding work maintaining foreclosed houses.

Toni Hansen thinks that the odds currently are favoring a 2B on a 60-minute time, a form of double bottom whereby the second low is slightly lower than the first. This would create a nice shift in momentum that would allow the market to bounce back into the end of the week and beginning of next.