Today is simply just a repeat of what we as traders have seen for months now. The stock market comes under pressure as the U.S. Dollar Index rallies and vice versa. Today the U.S. Dollar Index is trading slightly higher on the session and the stock markets indexes are trading slightly lower on the day. However, it is important to note that any intra-day pullback in the U.S. Dollar Index will usually inflate the stock market indexes higher. Sometimes the stock market and the U.S. Dollar Index can both finish the session positive if the U.S. Dollar starts the session sharply higher and fades throughout the session.
