Greece, Dollar, Dollar, Greece

Posted under American Options Trading, Rob Roy - Chief Trader by Rob Roy on Tuesday 9 February 2010 at 12:19 pm

So which is it?  What's driving the market, Greece or the Dollar?  Well, in an effort to be politically correct (for a change) it's both.  The overseas markets were higher last night based on more details from the Friday rumor of a bailout of sorts by the EU for Greece.  Further details emerged this morning which caused an already higher market to rocket to the upside once again.  In watching the charts, the market is still moving perfectly in step (although in an inverse fashion) with the US Dollar.  The reason for the answer of "both" above, is because today

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