Yesterday the US equity markets diverged from the US dollar’s weak trend. While the dollar declined, as seen by the EUR/USD trading above 1.2230 and the GBPUSD trading above 1.42 — the US equity indices corrected. Typically, a lower dollar triggers a move higher in the equity market, but this wasn’t the case yesterday. The stock market has consolidated close to an all-time high, with only small corrections so far in the trading year. The Nasdaq 100 index closed yesterday with little change, whereas the S&P500 and Dow Jones were down by about 0.76%, The US dollar’s bearish trend remains the dominant theme of the ... (full story)