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Michael Coren

January 30, 2015 By Michael Coren Leave a Comment

Understanding The US Dollar Index (USDX)

US dollar Index USDX

USDX is the US Dollar index that is used as an indicator by traders who wish to deal in gold currencies, futures, commodities and bonds. It’s one of several indicators which help Forex traders to assess the relative strength or weakness of the US dollar against another currency.

Filed Under: Commodities, Forex Tagged With: forex, usd

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Joe Marwood is an independent trader and investor specialising in financial market analysis and trading systems. He worked as a professional futures trader for a trading firm in London and has a passion for building mechanical trading strategies. He has been in the market since 2008 and working with Amibroker since 2011.

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