Buck Breaks To Three-Month High
Dollar index futures are rallying and trading at a three-month high as international investors pour money into red-hot US equity markets that are trading at all-time highs. The dollar index has been trending up for one month as evidenced by its ADX Reading of 32. This morning’s trade report showing an expected, slightly-larger trade deficit has not subdued the dollar’s rise today.
Moving in opposition to the dollar in a strong down trend (ADX Reading of 30), Swiss francs are trading at a three-month low.
Coffee is the largest percentage mover this morning (-5.84%), tumbling as the outlook for the Brazilian harvest improves.
From the Implosion-5 List, Nasdaq 100 futures are rallying and matched their all-time high struck two days ago.
Here are the highlights around noon Eastern time:
Stock Index and Bond Futures•December T-bonds [USZ9>USZ9]: -4/32 to 113 23/32
• December S&Ps [SPZ9>SPZ9]: +8.50 to 1426.50
• December Dow futures [DJZ9>DJZ9]: +138 to 11,071
• December NASDAQ 100 futures [NDZ9>NDZ9]: +47.00 to 2977.00
Currencies
•December dollar index futures [DXZ9>DXZ9]: +.77 to 100.85
•December Japanese yen futures [JYZ9>JYZ9]: -.0040 to .9483
•December Swiss francs [SFZ9>SFZ9]: -.0066 to .6448
•December British pounds [BPZ9>BPZ9]: -.0094 to 1.6160
Energies•January crude [CLF0>CLF0]: +.03 to 26.03
•January unleaded gas [HUF0>HUF0]: -.0051 to .7120
Metals•December gold [GCZ9>GCZ9]: -1.2 to 294.5
Grains•December wheat [WZ9>WZ9]: -3 1/4 to 242 1/2
•January soybeans [SF0>SF0]: -1 1/2 to 464 3/4
Meats•February pork bellies [PBG0>PBG0]: -1.275 to 73.000
Softs and Fibers•December cocoa [CCZ9>CCZ9]: -5 to 808
•December coffee [KCZ9>KCZ9]: -7.30 to 117.75
•March sugar [SBH0>SBH0]: -.10 to 6.13
•January orange juice [OJF0>OJF0]: +1.90 to 95.65