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Factors affecting the trend of the US dollar index
The target asset of the U.S. dollar index (USDX) is the exchange rate of the U.S. dollar against six major international currencies (euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc), which is a comprehensive indicator to measure the exchange rate changes of the U.S. dollar in the international foreign exchange market , also known as the dollar index.
Considering the different economic strengths of various countries, the U.S. dollar index is calculated using the "geometric weighted average method". 4.2% for the crown and 3.6% for the Swiss franc. Among them, the euro is the largest element, so the fluctuation of the euro has the greatest impact on the trend of the dollar, followed by other currencies.
USDOLLAR-F News
2023-09-22 17:59 ()
2023-09-22 14:42 ()
2023-09-22 12:49 ()
2023-09-22 11:52 ()
2023-09-22 11:29 ()
There are many ways to invest in the indices. For investors who want to invest for a long time and have low-risk tolerance, ETF may be a better investment.
If you’re not sure whether long-term holding is profitable, but you still want to find profit opportunities from market fluctuations. You can trade CFD( Contracts for Difference). You can open a Mitrade demo account for free to start trading now.
Trading CFD, investors can trade at least 0.01 lot. CFD allows you to go long or go short whether the market rise or fall, so it is possible to make a profit in the large price fluctuation. CFDs can be traded with leverage, allowing investors to hold more positions with less money.
There are thousands of indices on the market. However, for beginenrs, we would recommend to start with the below indices first.
- Dow Jones Industrials Average (US 30)
- Standard & Poor's 500 (S&P 500)
- Nasdaq (Composite and Nasdaq 100)
- Dow Jones Industrials (DJIA)
- UK FTSE 100 (FTSE 100)
- DAX (Germany 30)
- Euro Stoxx 50 (Euro 50)
To better manage your trading risk, below are some of the suggestions that may help.
1. Plan your trade.
2. Use the one percent rule.
3. Consider using the take profit/stop-loss trading options provided by brokers like MiTrade.
4. Diversify and hedge.
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Risk Warning: Trading may result in the loss of your entire capital. Trading OTC derivatives may not be suitable for everyone. Please consider our legal disclosure documents before using our services and ensure that you understand the risks involved. You do not own or have any interest in the underlying assets.
Mitrade does not issue advice, recommendations or opinion in relation to acquiring, holding or disposing of our products. All of our products are over-the-counter derivatives over global underlying assets. Mitrade provides execution only service, acting as principal at all times.
Mitrade is a brand jointly used by multiple companies and it operates through the following companies:
Mitrade International Ltd is the issuer of the financial products that are described or available on this website. Mitrade International Ltd is authorised and regulated by Mauritius Financial Services Commission (FSC) and the licence number is GB20025791. The registered office address is 6 St Denis Street, 1st Floor River Court, Port Louis 11328, Mauritius.
Mitrade Global Pty Ltd with ABN 90 149 011 361 holds an Australian Financial Services Licence (AFSL 398528).
Mitrade Holding is authorised and regulated by Cayman Islands Monetary Authority (CIMA) and the SIB licence number is 1612446.
The information on this site is not intended for residents of the United States, Canada, Japan, New Zealand or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Please note that English is the main language used in our services and is also the legally effective language in all of our terms and agreements. Versions in other langauges are only for reference. In the event of any discrepancy between the English version and the other versions, the English version shall prevail.
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The product and services on this website are not available for Hong Kong residents. Information should not be regarded as advice, recommendations or opinion in relation to acquiring, holding or disposing of Mitrade’s products.
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