The TradingFX Modified US Dollar Index “USDX” is another excellent tool to give you a real trading advantage. The original Dollar Index was implemented March 1973 and represents a significant milestone in foreign exchange history when the world’s major trading nations allowed their currencies to float freely against each other. The world was a different place in 1973 and the fractions of each of t…
The dollar index, which put in a strong performance in the first six months of the year, pulled back from its recent highs and appears to be in defensive mode. If you are not familiar with the US dollar index (USDX), it is an index, or measure, of the……
After dipping just below the 1.20 level, the euro had a brief rally that pushed this currency back up to the 1.24/1.25 area. This corrective rally did not change the longer-term outlook for this market. In this new short video (less than two minutes in……