If U.S. stocks have an index, so does the U.S. dollar! Read up on the dollar index and learn how you can use it in your trading!
What is the US Dollar Index (USDX)?
The dollar index is made up of six foreign currencies and includes 24 countries.
How to Read the US Dollar Index
Be as awesome as Queen Cleopiptra and learn how to read the U.S. dollar index!
How to Use the USDX for Forex Trading
Whenever you feel doubtful of the market outlook for the U.S. dollar, look no further than the U.S. dollar index because it will provide a clearer picture!
Trade Weighted Dollar Index
The Fed wanted to measure the dollar’s value more accurately so they came up with the Trade-weighted dollar index. How is it different from the U.S. dollar index?
Bloomberg Dollar Spot Index
The Bloomberg Dollar Spot Index (BBDXY) tracks the performance of a basket of 10 global currencies against the U.S. dollar.
The Dollar Smile Theory
Have you ever wondered why the dollar rallies in the good times and in the bad? Smile! You’re about to find out why.
