Dollar Short of Breakout, SPX Hits New Technical High, Earnings Stir Trade Wars (Trading Video)

Dollar and Nasdaq Talking Points:

• The DXY Dollar Index put in for another test of well-worn resistance at 97.75 but the currency wouldn’t put in for its breakout yet
• A charge to new record highs from the Nasdaq draws a pacing contrast to the S&P 500 while global indices are still dithering
• US earnings is a top theme with Microsoft, Caterpillar and Boeing ahead; but recognition of trade wars should raise traders’ attention

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