Traders and investors have seen the major stock indexes rise over the past three days. Many traders believe that it has been the better than expected corporate earnings that have lifted the market, however, it has really been the weak U.S. Dollar Index that has inflated the stock markets since the start of the week. The U.S. Dollar Index is still the most important index that anyone can follow. The markets in Europe and the United States continue to trade inverse to the U.S. Dollar Index.
Last night, the Asian markets all showed strength finishing higher on the session. This tells us that the Asian ADR's could be strong today if the U.S. markets are strong. If the U.S. markets are weak traders should not expect much strength out of the Asian ADR's. Some leading Asian ADR's that could be in play today include Baidu.com Inc. (BIDU), Toyota Motor Corporation (TM), Infosys Ltd. (INFY) and China Mobile Ltd. (CHL) to name a few.
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Forget Earnings, It's All About The Dollar
Published 10/18/2012, 12:20 PM
Updated 07/09/2023, 06:31 AM
Forget Earnings, It's All About The Dollar
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