The Strategy of Relevance trading:

USD DOLLAR INDEX VS. EURO DOLLAR INDEX

The Best known Open ‘SECRET’ of Foreign Exchange Trading is the ' US Dollar Index ' as known in the industry as the DXY symbol or the DXc1- continues technical data on the value of the US dollar traded and measured from a basket of major foreign currencies. And the EURO Dollar Index, better known as the anti-US dollar in the industry.

It is a trade weighted average or a geometric means of the US Dollar's value against the Euro, which is the currency used by the unified group of European nations, the Japanese Yen, the Pound-Sterling known as the GBP, Canadian Dollar, the Swedish Krona and the Swiss Franc. Each currency has an equivalent value or percentage share to the composition of the US dollar index as it is traded in the Inter-Continental Futures Exchange at the New York Board of Trade. Please refer top chart comparison. Click to continue

MegaTrade101.com - The Art of Trading the Foreign Exchange Market with Confidence - The Strategy of Relevance trading: