Dollar Index Update on 16 July 2019

The U.S. Dollar Index is trading at 97.18  up with +0.26% percent or +0.25 point. The Dow Futures is trading at 27,334.50  with a loss of -0.05% percent or -14.50 point. The S&P 500 Futures is trading at 3,017.12  with a loss of -0.01% percent or -0.37 point.  The Nasdaq Futures is trading at 7,984.12 with a loss of -0.00% percent or -0.13 point.

TODAY’S FACTORS AND EVENTS

Investors expect the Fed to reduce its key rate by 25 basis points and make another cut in September. Foreign exchange markets were quiet on Monday and volatility low ahead of major central bank policy decisions next week.

The European Central Bank also holds a meeting next week, with investors expecting a dovish statement. Money markets have priced in an ECB rate cut of 10 basis points in September and another one in March.

PREVIOUS DAY ACTIVITY

For the day the Dow is trading at 27,359.16  up with +0.099% percent or +27.13 point. The S&P 500 is trading at 3,014.30 up with +0.018% percent or +0.53 point. The Nasdaq Composite is trading at 8,258.19 up with +0.17% percent or +14.04 point.

WORLD MARKETS

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,561.82  with a loss of -0.52% percent or -8.18 point; the S&P 600 Small-Cap Index closed at 946.96 with a loss of -0.58% percent or -5.57 point; the S&P 400 Mid-Cap Index closed at 1,951.36  with a loss of -0.47% percent or -9.13 point; the S&P 100 Index closed at 1,333.24 up with +0.069% percent or +0.92 point; the Russell 3000 Index closed at 1,770.42  with a loss of -0.022% percent or -0.38 point; the Russell 1000 Index closed at 1,669.27 up with +0.014% or +0.23 point.

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