Nvidia to resume H20 chip sales in China, announces new processor
Once again, all of the major stock indexes are trading inverse to the U.S. Dollar. Today, the U.S. Dollar Index futures (DX-Z2) were trading sharply higher on the trading session, however, once the U.S. Dollar Index started to sell off the SPDR S&P 500 Trust (NYSEARCA: SPY) reversed most its earlier loss and started to surge higher. This is clearly telling every trader in the world that the U.S. Dollar Index is still one of the most important charts that anyone can follow.
Others To Watch
Traders can also keep their eyes on other equities such as the SPDR Dow Jones Industrial Average ETF (NYSEARCA: DIA), iShares Russell 2000 Index (ETF) (NYSEARCA: IWM) and the Technology SPDR (ETF) (NYSEARCA: XLK) to trade inverse to the U.S. Dollar Index. Obviously gold, silver, oil and copper will usually react and trade higher when the U.S. Dollar is weak. Since the central banks around the world have been promoting and implementing more easy money stimulus programs in mid-July 2012, the U.S. Dollar Index has declined by 6%.
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