2011-07-21 Earnings Galore, However, Euro-zone Is Still An Issue

This morning, the S&P 500 Index futures (ES U1) are trading higher by 9.25 points to 1330.50 per contract. The major stock indexes continue to climb higher again this morning before the opening bell, the catalyst for the early rally looks to be the falling U.S. Dollar Index. The U.S. Dollar Index futures (DX U1) topped out around 6:30 am EST at $75.37 per contract, it is now trading at $74.75. When the U.S. Dollar Index declines it will usually help to inflate the stock markets around the world. How low can the U.S. Dollar Index go?