InTheMoneyStocks.com – The Greenback Will Determine If The Markets Have A Second Day Of Gains
The morning, the S&P 500 Index e-mini futures (ES-M2) are trading higher by 1.00 point to 1316.75 per contract. Traders and investors must continue to follow the U.S. Dollar Index closely once the opening ball rings at the New York Stock Exchange. As you all know by now, the major market indexes around the world will generally trade inverse to the U.S. Dollar Index. All of the leading European stock market indexes are trading higher today. The FTSE MIB (Italy) is leading the charge trading higher by 2.63 percent. Traders should be prepared for that index to be very volatile if the U.S. Dollar Index starts to gain on the session. One way to play the Italian market is to follow the iShares MSCI Italy Index (ETF) (NYSEARCA:EWI).
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