The minutes from December’s FOMC meeting were released yesterday, showing that the Feds believe they may need to cut rates again. According to the minutes, “tighter credit conditions, higher gasoline prices and the continuing housing correction might be restraining growth in real consumer spending.”

On Friday, the all-important US non-farm payrolls report will hit the wires, and while this release hasn’t been extremely market-moving in recent months, it may play a large role in the Federal Reserve’s next rate decision at the end of the month.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for January 3.

Friday's US Non-Farm Payrolls release could shake up Federal Reserve rate cut probabilities.

Despite the volatility of the credit crunches, subprime bust, CDOs, SIVs and more billion-dollar writedowns than you can shake a stick at, 2007 will go down in the books as a positive year for the markets.

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

Futures markets show a 90 percent chance that the Fed will cut rates by 25bp, and this will continue to be reflected in price action in the FX, bond, and equity markets upon more evidence of deteriorating economic conditions.

Tim Bourquin interviews Allan Harris, who talks about how he trades the news.

What is the recommended loss percentage in a trailing stop?

With risks for the US economy vastly to the downside and the Federal Reserve still perceived as being dovish, the dollar remains susceptible to losses.