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Dollar Index Slightly Higher


The U.S. dollar index is a little higher today but recently has ignored hawkish comments from several Federal Reserve officials.

dollar bill back

Interest rate differentials are neutral for the U.S. dollar index, and breakouts for the greenback are likely to fail in both directions.

The British pound is lower on news that the U.K. economy shrank more than expected in December. The U.K. gross domestic product declined 0.5% in December, which was more than the 0.3% decline the market was anticipating.


The 9:00 central time February consumer sentiment index report is expected to be 65.0.

The influence of the recent employment report is waning as traders begin to focus on next week’s economic reports.

The January consumer price index will be released on Tuesday. January retail sales will be released on Wednesday, and on Thursday we will get the January producer price index.

The technical aspects for stock index futures remain supportive.


Federal Reserve speakers today are Christopher Waller at 11:30 and Patrick Harker at 3:00. In a recent speech Christopher Waller warned of higher interest rates than markets are anticipating.

Most likely the Federal Open Market Committee will increase its fed funds rate by 25 basis points at its March 22 policy meeting.

The long term outlook for futures is higher.


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Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

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