UPDATE: Although, Cable 's push higher came through on the confirmation that Scotland remains with UK, the Pound lost it steam at the closing session with a pullback below the 1.6300 levels. While the USD regained its session strength closing on the high side of its range. These moves at the closing for the week is quite normal and could be seen across the board at the closing prices.
The total volumes and volatility index for just this past couple of weeks have been substantial. Yet, for Cable alone would still be called within its directional trend lower from its high. As the referendum is finally over, so its back to the same market sentiments, which still calls the USD higher and the strongest among the currency pairs. Followed by the J. Yen as the weakest, after reaching a109.46 USDJPY price point before paring off it gains and back @109.00 even levels. These incremental moves of double digit declines are simply a mere corrective mode while within their respective trends. While again, waiting for the right time to resume their direction is waht everyone is watching for.
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Showing posts with label JP Morgan US Dollar Index. Show all posts
Showing posts with label JP Morgan US Dollar Index. Show all posts
Sunday, September 21, 2014
Friday, March 7, 2014
Saturday, July 13, 2013
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:
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:
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