Greece And The U.S. Dollar Dominate The Action
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This morning, the S&P 500 Index e-mini futures are declining lower by 4.75 points to 1334.25 per contract. The catalyst for the small decline in the market is once again an unresolved Greek...
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This morning, the S&P 500 Index e-mini futures are declining lower by 4.75 points to 1334.25 per contract. The catalyst for the small decline in the market is once again an unresolved Greek debt deal and a stronger U.S. Dollar Index. Whenever the U.S. Dollar starts the morning higher the major stock indexes will deflate and trade lower. Traders must watch the U.S. Dollar Index very closely once the opening bell rings at the New York Stock Exchange. Since late December, the U.S. Dollar Index has a tendency to decline intra-day once the opening bell rings and the stock markets open for trading. Traders that do not have a chart of the U.S. Dollar Index can simply follow the PowerShares DB U.S. Dollar Index Bullish (NYSEARCA:UUP).
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