The events in Japan over the last 72 hours reveal the fragility of systems created by human beings. Seeking out protection against "tail" risk remains significantly underpriced in Clive Corcoran's estimation.

Companies and households typically deal with excessive debt by defaulting; countries overwhelmingly usually deal with excessive debt by inflating it away.

As traders, we face asymmetrically risk every single day.

Remember, Japan, Europe and America all depend on low interest rates.  They’re all addicted to cheap money.  Take away the stimulants and their economies slump.

The most salient feature of the big picture pattern in Bank of America (BAC) is the triangle or coil pattern.

The US dollar finally showed signs of life through the past week of trading, initially bouncing noticeably against the euro and other currencies before pulling back into Friday’s close.

Scheduled event risk thins out over the coming week for the global docket, but that won't sooth the euro.

The Japanese yen was mixed against its major counterparts for most of this past week, but that all changed headed into Friday’s session.

Last week's Bank of England rate decision proved to be another non-event, with traders now turning their attention to risk appetite until minutes from the sit-down are released in two weeks.

The Canadian dollar continues to track the trends in financial markets' risk appetite.