Tim Bourquin interviews Kathy Lien, who talks about why she is still bullish on the euro.

So many of us will spend a great deal of time studying the perfect time to buy, yet so little time on when to sell.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for December 13.

A morning announcement by the US Federal Reserve and other major central banks forced large corrections across risk-sensitive asset classes, as the monetary policy authorities outlined plans to ease current credit market crises.

The financial marketplace is a lot less forgiving than it was a couple years ago. Now, marginal homeowners are being squeezed by higher prices and higher mortgage payments. And marginal investors –- even those with billions to throw around –- are being squeezed by falling asset prices.

A strong November retail sales report could ignite a bid for the dollar and the Dow on Thursday, though it may be brief as traders grapple with the implications of the FOMC’s 25bp cut and policy statement that essentially left all options open going forward.

The choppier back and forth upside ahead of the fall that Toni Hansen had been expecting would have had a better chance with a 50 basis point cut. If the market can hold Wednesday's lows into Thursday, then that scenario is still going to be valid.

Tomorrow’s paper in America will tell us what the Fed is up to. But whatever it does, the answer to the ‘what happens next’ question depends on where you are; if you are at the beginning or the middle of a credit expansion, you get one answer. If you are at the end, you get a much different one

The US import price index is expected to have surged 11.0 percent from a year earlier – the sharpest rise in over twenty years. And Fed fund futures continue to price in multiple rate cuts next year. Won’t more accommodative monetary policy only fan price pressures?

With the Fed looming, Toni Hansen is expecting some corrective action off the recent highs. The market typically pulls higher the morning of the Fed and then volume dies off over noon.