Testing Out A Formula for the US Dollar: Just a Test... Long

(FX:USDCAD*0.13+FX:USDMXN/100*0.12+FX:USDJPY/100*0.07+FX_IDC:USDEUR*0.166+FX_IDC:USDGBP*0.0332+FX:USDCHF*0.018+FX_IDC:USDAUD*0.0123)/760

(USDCAD*0.13+USDMXN/100*0.12+USDJPY/100*0.07+USDEUR*0.166+USDGBP*0.0332+USDCHF*0.018+USDAUD*0.0123)/7FXCM

Description

⋅ Aug 23, 2016 10:44 PM

This is just a test.... Using this formula for the US Dollar for a while now. Trying to decided between this one and another.

Comments

ChimbOt

⋅ Aug 23, 2016 11:51 PM

Hello sir , what does this firy lady actually measure and what are difference between regular index ?

Rocketman

⋅ Aug 24, 2016 12:04 AM

It is a trade-weighted index. So, it suppose to measure the influence of the trading partners of the U.S. Dollar; so, we get a true picture of the U.S. Dollar. The currency DXY and USDollar available on TV and everywhere else are just average weighted or weighed in other formed, but not trade-weighted. So, not I get a better insight in where the money is flowing in terms of the dollar. I will update it later when I make it better, along with others.