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S&P 500
5,728.80
(
0.41%
)
US TECH 100
19,528.00
(
0.90%
)
Dow Jones
42,052.19
(
0.69%
)
Brent Oil
72.91
(
0.00%
)
Bitcoin
69,355.70
(
-0.18%
)

Replies to post #82140 on SPDR S&P 500 (SPY)

Replies to #82140 on SPDR S&P 500 (SPY)
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blasher

06/03/09 10:15 AM

#82141 RE: Two-timer #82140

That is a known relationship . . . ...
as the dollar falls, it's cheaper for other countries to Buy US products ..
hence US companies sell more and their Earnings Releases do better.
So, the US Market rises on this anticipation.
Use this fact to enhance your Short-Term Trading !!
:-)

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GLENO34

06/03/09 10:23 AM

#82143 RE: Two-timer #82140


Two..I think our big high priced guru says the USD is going to 77.14 before a bounce...But yes if the dollar goes down then oil and commodities go up..