After you determine your income tax liability you may be able to reduce that liability by claiming one or more tax credits. Most personal tax credits are allowed to the full extent of your regular tax liability and alternative minimum tax. But, it is important to note that they do not create a refund if they exceed your tax liability. Nonrefundable credits include the child tax credit, dependent care credit, adoption credit, education credits, retirement savings credit, credit for the elderly and disabled, mortgage interest credit, and D.C. first-time home buyer credit. Refundable credits include the additional child tax credit, the earned income credit, and the health coverage credit. If the credit exceeds your tax liability, you will receive a refund for the excess.

1 Child Tax Credit for Children Under Age 17

For 2006, you generally may claim a tax credit of $1,000 for each qualifying child who is under age 17 at the end of 2006. To figure the exact amount of your credit, however, you must complete the "Child Tax Credit Worksheet" in the IRS instructions to Form 1040 or 1040A to determine if the credit is limited by your tax liability. Even if the credit does exceed your tax liability, part or all of the credit may be refundable as an additional credit on Form 8812 if your earned income for 2006 exceeds $11,300 or you have three or more children.

EURUSD Pattern Indicates Potential For Sharp Reversal

Euro Ending Diagonal?- Japanese Yen Bearish (USDJPY Bullish) Above 120.97- British Pound Upside Potential Limited- Swiss Franc Corrects Gains (USDCHF Losses)- Canadian Dollar 1.0442 Key for Bears (USDCAD Bulls)- Australian Dollar Nearing .8700- New Zealand Dollar Bullish Above .7714

Commentary: 1.3800 held yesterday but the EURUSD could test that level again today before bearish potential comes to the forefront. We say this because the rally from 1.3731 may be tracing out an ending diagonal. If this is the pattern playing out, then we should see a spike through 1.3798 before a reversal. However, upside potential is limited compared to downside risk. It seems likely that we?ll see a decline backl towards the former 4th wave at 1.3568 next week. Coming under 1.3731 instills confidence in the near term bearish case. Strategy: Sell break of 1.3731, against swing high (currently 1.3798), target 1 is 1.3568, additional bearish potential below there

Commentary: We wrote yesterday that "the USDJPY bounce from 120.97 is still in 3 waves, but a rally through 122.52 would make the rally a 5 wave affair and strongly indicate that the entire decline from 124.13 was an a-b-c correction. Keep in mind that the longer term structure suggests that an A-B-C correction could extend to 128.00 before the larger reversal." The USDJPY pushed through 122.52 to make the rally from 120.97 5 waves, which sets the tone for additional gains. The decline so far has been corrective but additional support is at 121.83. A break above 124.13 is now the favored view, but 120.97 must hold in order to keep the bullish structure intact. Strategy: Bullish now, against 120.97, target a break above 124.13, target TBD

North American hog prices have likely seen their highs for the year, and should see a steady decline into the winter, according to a market analyst. However, weather conditions and the outcome of the US corn crop could cause prices to see some movement apart from the general downward trend.

"The highs for the year are probably behind us," said Ron Plain, a livestock economist with the University of Missouri-Columbia. He said the seasonal trend was for prices to decline after June, with lower prices each month until December, when the market typically starts to pick back up.

Large US pork supplies, coupled with the slower pace of US pork exports this year should add to the seasonal pressure on the hog market, said Plain. He thought the US would need to see better exports if prices were to see an improvement.

Hot weather over the next couple of months could also help underpin the hog market, said Plain noting that hot weather causes hogs to grow slower and pulls down pork production.

Thieves are breaking into vacant houses in North Minneapolis and St. Paul to steal copper plumbing and wiring. Similarly, electric lines are disappearing in the Dominican Republic and other developing countries. High metals prices are affecting economies around the world, offering myriad applied economics lessons.

Prices certainly have increased, particularly for nonferrous base metals like copper, lead, tin and zinc. All have at least tripled since 2000, more than steel or even crude oil. The booming economies of China and other Asian nations drive much of the demand.

Commodity prices still play an important role for many developing countries. Metals exporters like Chile, Zambia, Peru, Malaysia and Russia all enjoy booming international sales that broadly bolster their domestic economies. The question is whether this favorable situation will translate into longer-run sustained growth or be dissipated in short-run spending binges.

High metal prices also demonstrate how recycling, broadly defined, relates to prices of virgin materials. Consumers envision recycling as putting empty cans and bottle out on the curb. But in tonnage and dollar terms, most recycling occurs at a commercial level.

South Korean oil workers
The world's thirst for oil is only likely to grow
Global demand for oil will increase significantly next year, according to the International Energy Agency (IEA), putting further pressure on prices.

In its monthly study of market trends, the IEA said demand would rise by an average of 2.2 million barrels a day next year, up from 1.5 million in 2007.

But it expects Opec members to lift output to cover the surge in demand.

Oil prices have surged in recent weeks, topping $76 a barrel, on supply worries and violence in oil-rich Nigeria.

Bearish undertones continued to plague the US dollar during the New York session following rather lackluster US economic reports. Continuing on yesterday's momentum, the Euro remained higher against the greenback and traded at an all time high of $1.3810 in the morning, while declining against the British pound to the tune of $2.0365. Subsequently falling against the Japanese yen to below the 122.01 mark, the greenback was able to regain some support against the Canadian dollar after testing C$1.0450, the fourth gain in five sessions.

Dour news early in the New York morning helped to suppress dollar strength in the week's closing session as both US advance retail sales and consumer confidence numbers were slated for Friday. Worse than expected, US retail sales figures actually dipped on the month, far worse than expected by

Another day, another deal.

Thanks to online coupons, price-comparison search engines and reward memberships, savvy shoppers can pay less than full price on any day that ends in "y." But depending on what you're planning to buy, some days of the week may yield better bargains than others.

We talked to the experts, and narrowed down the best days of the week to buy certain items.

Airplane Tickets
When to Buy: Wednesday morning.
Why: "Most airfare sales are thrown out there on the weekend," says travel expert Peter Greenberg, a.k.a. The Travel Detective. Other airlines then jump

George Soros & Warren Buffett's Investment Rules

1. Believes the first priority is preservation of capital.

2. As a result, is risk-averse.

3. Has developed his own investment philosophy, which is an expression of his personality. As a result, no two highly successful investors have the same approach.

4. Has developed his own personal system for selecting, buying and selling investments.

5. Believes diversification is for the birds.

25 Golden Rules from "The Nation's #1 Money Manager" - Peter Lynch

1. Investing is fun, exciting, and dangerous if you don't do any work.

2. Your investor's edge is not something you get from Wall Street experts. It's something you already have. You can outperform the experts if you use your edge by investing in companies or industries you already understand.

3. Over the past three decades, the stock market has come to be dominated by a herd of professional investors. Contrary to popular belief, this makes it easier for the amateur investors. You can beat the market by ignoring the herd.

4. Begind every stock is a company. Find out what it's doing.

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Everybody must retire sooner or later so if you haven't thought about it yet it's better later than never. Think about all the things you can do when you retired and have plenty of time.. Will you travel or start collecting coins? Will you have enough funds to accomplish all that? Where will you live? Who will take care of you?

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