This morning, the S&P 500 Index e-mini futures (ES-H3) are trading lower by 3.25 points to $1462.00 per contract. Once again, the major stock indexes are catching a bid higher before the opening bell rings at the New York Stock Exchange. The catalyst for the stronger market is not the great corporate earnings that are being released, it is the weaker U.S. Dollar Index. As you all probably know by now, when the U.S. Dollar declines the major stock indexes will inflate and trade higher. Today, the U.S. Dollar Index futures (DX-H3) are trading lower by 0.20 cents to $79.64 per contract. Should the U.S. Dollar Index begin to strengthen it will likely cause the markets to pullback.
Last night, the popular and highly followed Shanghai Index (China) declined by 1.06 percent. This tells us that the Chinese ADR's could come under selling pressure if the U.S. markets are weak. Leading Chinese related equities such as Baidu.com Inc (ADR) (NASDAQ:BIDU), SINA Corp (NASDAQ:SINA), iShares FTSE/Xinhua China 25 Index (ETF) (NYSEARCA:FXI), and the Market Vector China ETF (NYSEARCA:PEK) could all be volatile in today's trading session. Please understand, if the U.S. markets are strong these equities will likely hold up just fine.
Below you may find the video.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Forget Earnings, All Eyes Should Be On The Greenback
Published 01/18/2013, 12:16 AM
Updated 07/09/2023, 06:31 AM
Forget Earnings, All Eyes Should Be On The Greenback
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.