The stock market celebrated the interest rate cut with a healthy rise, up 137 points. But remember, stocks are going up in Zimbabwe and Iraq too. We’re in a worldwide asset boom that has a clear and obvious cause. The Economist puts the rate of price inflation at over 16% per year.

Equity and currency traders are both positioned for a strong payrolls report. With the market so divided, NFPs could decide not only who is right, but also whether the US dollar has hit a bottom.

One of the most market-moving indicators out of the US will be released on Friday, but with the FOMC rate decision and policy statement leaving the forex, fixed income, and equity markets stumbling, the impact of the data could be skewed.

Tim Bourquin interviews Vitaliy Katsenelson, who talks about how he uses only fundamental analysis to choose stocks.

If there was one sure-fire trading system, it would have been discovered a long time ago.

“The U.S. is committed to a strong dollar,” said Treasury chief Paulson in India yesterday. What was he thinking? Maybe he spoke with a smile; at least the audience could have taken it for a joke. But press reports make no mention of anyone laughing.

US data on Thursday is likely to highlight weakness in the economy. However, given the extent of the recent EUR/USD move, the pair may simply consolidate around the record highs over the next two days and, as a result, any weakness in the greenback that ensues may be only short-lived.

Price Headley asks what separates champions from everybody else? Interestingly, champion traders have the same characteristics as champion athletes.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for October 31.

Derek Frey explains a bull call butterfly spread in December 2007 lean hog futures.