How we analyze the Dollar Index
Posted on Wednesday, May 20th, 2009 | In Investing Lessons, Videos
Is the Dollar in trouble?
According to the dollar index (DX), which is a basket of currencies that track the dollar, it would appear as though the dollar is indeed going to be coming under more pressure. The dollar index is much like an index for stocks except in this case it is for currencies.
The U.S. Dollar Index consists of six foreign currencies:
1. Euro (EUR)
2. Yen (JPY)
3. Cable (GBP)
4. Loonie (CAD)
5. Krona (SEK)
6. Franc (CHF)
In my new short video on the dollar index, I will show you some previous successes that MarketClub has had. I will also cover an important signal we have just received, that in my opinion, will lead to further downside weakness in this index.
As always, the videos are free to watch and there’s no need to register. I would love to get your feedback about this video and your own predictions about this market on our blog.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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Jim Musselwhite is the Publisher and Editor-in-Chief of StraightStocks.com
A long time investor himself, Jim set out to build a truly global resource for investors. His philosophy reflects the belief that, to be a successful investor, one must start by recognizing that Wall Street no longer represents the typical investor's interests. Successful investors must identify hidden investment opportunities in foreign stock markets. That means going beyond traditional tools like ADR's and emerging market funds to find truly spectacular investing opportunities for the long run.
StraightStocks.com makes it a point to locate content contributors who are experts at identifying and analyzing hidden foreign markets and investment sectors.
Jim has served in a variety of sales and marketing management positions over the last 25+ years with such Fortune 500 firms as Texas Instruments, NCR, AT&T, and more recently as Marketing/Alliance manager with a financial services firm specializing in tax compliance.
Jim is currently an independent online publisher. In addition to StraightStocks.com, he owns a number of authoritative website properties.
Educated at the University of Virginia (BA) and the University of Tennessee (MBA), Jim and his family now reside in Atlanta, Georgia.
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