CPI, China, And Options Expiration Equals Volatility
www.inthemoneystocks.com This morning, the S&P 500 Index e-mini futures (ES-U2) are trading lower by 2.00 points to 1399.50 per contract. Today, ahead of the opening bell, most of the leading European stock indexes are trading slightly lower. Last night, both the Shanghai Index (China) and Hang Seng Index (Hong Kong) closed lower by more than 1.00 percent. It seems that these events are slightly weighing on the S&P 500 Index before the opening bell. There was some US economic data released at 8 am EST and the markets barely reacted to the news. This tells us that the action in the US Dollar Index futures (DX-U2) continue to be the real driving force behind every stock market move. When the US Dollar rallies the stock markets will deflate and trade lower. On the flip side, when the US Dollar declines the stock markets around the world will inflate and trade higher.
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