Equities, Commodities Slide As The U.S. Dollar Gains

Dollar Index
The dollar index is holding the April pattern of trade: if Greece appears in the headline, then buy the Usd and sell everything else. The Usd benefits from the Greek crisis, due to its status as a global re by backing the most liquid bond market in the world; U.S. Treasuries. Favor Straddle-Usd plays for the moment.
S&P Futures
Equities used the stairs to go up at a snail's pace in recent trade, and then came down in the elevator the moment that the Greek Fiscal imbalance headline hit. This was seen very well in the S/P futures, but more especially in the regional cash markets across Europe. Equity trade is expected to remain under pressure during the upcoming cash sessions, as investors readjust their risk-profiles, absorb earnings season results, and await the IMF and G20 headlines. 12-month 96% correlation to Aud and Cad
Crude Oil
Usd strength has dragged crude oil lower in global trade, forcing price action to test the $82.00 – 83.00 support area, and is oversold on the near-term timeframes. If the dollar continues to gain ground, which will probably happen unless global equities find buyers in very quick time, expect the energy market to push lower. 12-month 95% correlation to Aud and Cad.
Gold Bullion
Gold has simply followed the trend of the Usd over the last few days of trading, without interfering in any way. The value of the Usd seems to be the only thing that counts when valuing commodities at the moment. On the daily chart, Gold is trading just above the 20-day moving average, and near the $1140.00 swing point area. 12-month 85% correlation to dollar index. 12-month 85% correlation to dollar index.