The US Dollar Index has always been the major indicator MegaTrade101 have been studying & trading its price action relative to the other indices that tracks its performance. There are three (3) major indices factored into the equation by way of the weighted / percentage distribution that differentiates each currency from one another. That influences the price changes in the global markets.
The distribution in percentage for the other foreign currencies share in the basket. For purposes of accuracy, the composition of the US Dollar index ( trade-weighted Average); the Euro has a biggest share at 57.6% or 58%, followed with the GBP at 11.9% or 12% (round figure), the Japanese Yen at 13.6%, the Canadian or better known as the Loonie at 9.1%, the Swiss Franc with the smallest share at 3.6% and the Swedish Krona at 4.2%.
Premium Access: USD INDEX CORRELATION 2
No comments:
Post a Comment