THE DXY IS ONLY MADE UP OF 6 MAJOR CURRENCIES MEASURED AGAINST THE DOLLAR:
EUR (57.6% OF THE WEIGHTING),
JPY (13.6%),
GBP (11.9%),
CAD (9.1%),
SEK (4.2%),
CHF (3.6%)
A MISTAKE MANY PEOPLE MAKE WHEN PREDICTING THE DOLLAR'S STRENGTH IS USING THE DXY AS A GAUGE FOR ALL CURRENCIES' PERFORMANCES AGAINST THE DOLLAR!
EMERGING MARKET AND MANY OTHER MAJOR CURRENCIES ARE...
It's actually disgusting that it would be so easy...
Countries approaching socialism: Sell & Let them starve.
Countries abandonning socialism: Buy & Hold.
It's barely more complicated than this.
Most African countries have been living in absolute misery probably because after the soviet union stopped sending them free stuff, the european union and americans...
Hello traders!
Today we will talk about emerging markets(EEM) and EURUSD.
As you can see in the first chart, there's a positive correlation between emerging markets and EURUSD. Of course, there are no tick by tick correlations, but the current wave structure it's telling us that we may see a bigger recovery in the upcoming days/weeks.
Emerging markets can be...
The price is edging up. If you look closely, you will see an Elliot 5 Wave impulse. If you know about fractals, you should have that in your trading arsenal because the Elliot Wave principle is a natural, sensational and accurate tool in 'forecasting' price action.
The waves move in harmony according to the Fibonacci patterns and spirals. The Fibonacci is the...
