Americans misunderstood the nature of capitalism itself. The market system merely provides the setting in which people get what they deserve. They could get rich, if they were to do the right thing: work hard, save money, innovate, take chances, forgo consumption. But do the wrong thing, and they will pay for it.

On Thursday, two major central bank decisions are scheduled to be released, and the results could have a large impact on the markets, particularly in FX.

Even though the market ended the day rather extended, due to the channel break of the upside from the past two weeks Toni Hansen expects more downside into the weekend.

There is no magic to Free Enterprise. It is the best way to create wealth, but it does not prevent people from making mistakes. Capitalism offers people a chance to make money. But it also offers them a chance to make fools of themselves.

If the Ivey PMI data proves to be disappointing, fears that Canada will follow the US into a major economic slowdown will pervade throughout the Canadian financial markets.

The market is currently dealing with the daily resistance of a few weeks ago. If the market drops sharply off this resistance, then a triangle on a daily-weekly time frame becomes likely, whereas congestion here would create a Phoenix on the daily time frame.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for February 5.

Capitalism produces wealth; it makes people richer than any other system. The more you tamper with it, the less well it works.

A number of small cap stocks have really started to show strength and have begun to turn back around with favor for continued upside on the weekly and monthly time frames.

James Mound reviews futures and commodities in his weekly report for the week of February 4.