Dollar Index Update on 22 January 2019

The U.S. Dollar Index is trading at 96.34  up with +0.01% percent or +0.01 point. The Dow Futures is trading at 24,538.50 with a loss of  -0.60% percent or -148.50 point. The S&P 500 Futures is trading at 2,653.88  with a loss of -0.66% percent or -17.62 point.  The Nasdaq Futures is trading at 6,733.38  with a loss of -0.87% percent or -59.37 point.

TODAY’S FACTORS AND EVENTS

The dollar has been considered a consensus short trade since the end of 2018 on concerns that the U.S. Federal Reserve will pause in its interest rate increases. But it has been boosted in recent days by lack of growth in other regions, notably Europe.

“We still think the dollar’s gains may be overdone and the European Central Bank might offer some guidance later this week on when it will start to tighten monetary policy,” said Manuel Oliveri, a currency strategist at Credit Agricole in London.

PREVIOUS DAY ACTIVITY

For the day the Dow is trading at 24,706.35 up with +2.06% percent or +499.19 point. The S&P 500 is trading at 2,670.71 up with +1.32% percent or +34.75 point. The Nasdaq Composite is trading at 7,157.23 up with +1.03% percent or +72.76 point.

WORLD MARKETS

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,482.50  up with +1.04% percent or +15.25 point; the S&P 600 Small-Cap Index closed at 924.28 up with +1.00% percent or +9.15 point; the S&P 400 Mid-Cap Index closed at 1,817.25 up with +1.40% percent or +25.05 point; the S&P 100 Index closed at 1,181.55  up with +1.17% percent or +13.69 point; the Russell 3000 Index closed at 1,575.36  up with +1.29% percent or + 20.02 point; the Russell 1000 Index closed at 1,478.25  up with +1.31% percent or +19.06 point

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