Dollar And Markets Positively Correlate After Debt Deal

The stock market positively correlated with the dollar during the afternoon session after news that a “bi-partisan” deal was likely to be agreed on in Congress and by the President. Gold and silver fell sharply as financials continued to inch higher.

About Aaron Basile
Day Trading and Swing Trading Ideas, Certified Personal Trainer, Power Bodybuilding, Avid Sports Fan (NBA, NFL)

One Response to Dollar And Markets Positively Correlate After Debt Deal

  1. It was a strange forex market in that regard. Strong “riskon” throughout most of the day (particularly end of day) – *except* the USD was strong as well. I took that to be a sign some “default bettors” closed positions.

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