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The Federal Reserve were busy this week, first cutting interest rates by .25% on Tuesday, and then proceeding to announce a novel approach to injecting money into the banking system...

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For data release, this week is as heavy as they come, with the aforementioned US interest rate statement on Tuesday. A quarter point cut is most likely, but with a 20% chance of a half point cut, the reaction could be volatile to say the least.

Last week world stock markets managed to recover somewhat from the mauling of most of November. On Tuesday and Wednesday alone the Dow Jones and S&P 500 put on 500 points and 60 points respectively.

Wall Street barreled higher this week, giving the Dow Jones industrial average its biggest two-day point gain in five years, after a Federal Reserve official hinted that the central bank may lower interest rates again.

Last week the FOMC was forced to inject the largest amount of liquidity into credit markets since September 2001.BetOnMarkets.com traders predicts that a no touch trade 90 points below the current spot price of the S&P500 yields 10% over 14 days.

After the party comes the hangover, and of course the bigger the party, the bigger the hangover.

For once it wasn’t just the Dollar that took a beating last Friday as the British pound fell sharply against the Yen, Euro, Swiss Franc and even the Greenback itself...

Wall Street suffered yet another big drop last week, with investors worried about the spreading fallout from the credit crisis at banks, and about a dollar that just keeps getting weaker...

The Dollar again grabbed the headlines last week as it hit all time lows against the Euro and levels not seen in generations against the Pound & Canadian Dollar.