Dollar Index Update on 16 July 2018

The U.S. Dollar Index is trading at 94.480 up with +0.040%percent or +0.040  point. The Dow Futures is trading at 25,052.00 up with +0.19% percent or +48.00 point. The S&P 500 Futures is trading at 2,805.50 up with +0.08% percent or +2.25 point.  The Nasdaq Futures is trading at 7,409.25 up with +0.22% percent or +16.25 point.

TODAY’S FACTORS AND EVENTS

The dollar edged down on Monday, having notched up its biggest weekly gain in a month last week as investors raised their long bets to the highest level since early 2017, although concerns the economic rebound may be fading has prompted caution about the outlook.

Against a basket of its rivals, the greenback fell 0.2 percent to 94.60 after rising 0.7 percent last week, its biggest weekly rise since mid-June.

“Currency markets are treading water but with recent European economic data turning higher, we believe there is more upside to euro/dollar from current levels,” said Alvin Tan, a currency strategist at Societe Generale in London who expects the single currency to strengthen to $1.22 by end-2018.

PREVIOUS DAY ACTIVITY

For the day the Dow is trading at 25,019.41 up with +0.38% percent or +94.52 point. The S&P 500 is trading at 2,801.31 up with +0.11% percent or +3.02 point. The Nasdaq Composite is trading at 7,825.98 up with +0.026% percent or +2.06 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,687.08  with a loss of -0.19% percent or -3.20 point; the S&P 600 Small-Cap Index closed at 1,045.81 with a loss of  -0.079% percent or -0.83 point; the S&P 400 Mid-Cap Index closed at 1,996.35  with a loss of  -0.019% percent or -0.38 point; the S&P 100 Index closed at 1,235.91 up with +0.098% percent or +1.21 point; the Russell 3000 Index closed at 1,667.36 up with +0.065% percent or +1.08  point; the Russell 1000 Index closed at 1,555.46 up with +0.086% percent or +1.34 point;

You may also like...

Rules of Discussion on Dollar Index Update on 16 July 2018

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.