It is highly unlikely that the US central bank will forgo cutting interest rates, since it is fully priced into the market.

This Friday, the non-farm payrolls report for the month of August will be released, and the indicator is a proven market mover given its popularity as a barometer for conditions in the US labor market.

The correlation between carry and the Dow is now the strongest in 8 years.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for September 6.

Nothing destroys an economy more thoroughly than easy money.

Tomorrow’s European Central Bank interest rate decision is expected to take the Euro out of its 1.3550 to 1.3680 trading range.

The ECB is now widely expected to leave rates steady at 4.00 percent, but traders will be looking for signals of a rate hike later in the year.

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

The US dollar’s rally against the Euro and British pound, as well as the mixed performance of bond yields, suggests that the financial markets have not turned suddenly optimistic.

On Wednesday, the US will get the last piece of July housing data when the National Association of Realtors’ pending home sales report will be released.