Gold Shines Again As U.S. Dollar Slumps

This morning, the S&P 500 Index e-mini futures (ES-U3) are trading higher by just 0.50 points to 1689.25 per contract. Recently, the Monday trading sessions have had very light volume so this could help to keep the major stock indexes buoyant today. The one negative that should be pointed out today is that the U.S. Dollar Index (DX-U3) is weak before the opening bell. The important USD/JPY is also falling today and this will usually hurt the U.S. stock market. Remember, the market moving institutions care about two things at this time, lower bond yields and a weak Japanese Yen.