The U.S. Dollar Index is trading at 96.73 with a loss of -0.04% percent or -0.04 point. The Dow Futures is trading at 26,965.00 with a loss of -0.02% percent or -5.00 point. The S&P 500 Futures is trading at 2,999.38 with a loss of -0.03% percent or -0.87 point. The Nasdaq Futures is trading at 7,891.12 up with +0.05% percent or +3.62 point.
TODAY’S FACTORS AND EVENTS
The global bond rally has accelerated this week on expectations of more monetary easing from the world’s central banks, although the impact on foreign exchange markets has been limited, with volatility remaining low.
Currencies were quiet at the start of the European trading session, with United States markets closed for a holiday.
Adam Cole, a foreign exchange strategist at RBC Capital Markets, said that while the big drop in U.S. Treasury yields was negative for the dollar, the outright yield advantage the U.S. enjoyed over other countries was supporting demand for the greenback and minimising the spillover into higher volatility.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 26,966.00 up with +0.93% percent or +248.57 point. The S&P 500 is trading at 2,995.82 up with +0.77% percent or +22.81 point. The Nasdaq Composite is trading at 8,170.23 up with +0.75% percent or +61.14 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,572.12 up with +0.74% percent or +11.58 point; the S&P 600 Small-Cap Index closed at 954.92 up with +0.68% percent or +6.46 point; the S&P 400 Mid-Cap Index closed at 1,963.42 up with +0.89% percent or +17.23 point; the S&P 100 Index closed at 1,323.16 up with +0.73% percent or +9.53 point; the Russell 3000 Index closed at 1,760.76 up with +0.78% percent or +13.67 point; the Russell 1000 Index closed at 1,658.74 up with +0.79% or +12.92 point.