The US Dollar Index is a measure of the value of the United States Dollar compared to a basket of currencies weighted accordingly: Euro 57.6 % weight Japanese yen 13.6 % weight Pound sterling 11.9 % weight Canadian dollar 9.1 % weight Swedish krona 4.2 % weight Swiss franc 3.6 % weight The US Dollar… Read more.
The British Pound (or pound sterling) is the world’s oldest currency still in use dating back to Anglo-Saxon England in the middle 8th century. It’s the official currency of the United Kingdom, its Crown Dependencies, and the British Overseas Territories.
This is a sample entry from Brian Cullen’s email newsletter, The Cullen Outlook. September Australian Dollar Selling off of what I believe to be slight resistance above a trading channel. Consider selling at slight resistance off the recent high using a limit order. Objective would be a re-test of the recent lows at the bottom… Read more.
This post is part of Craig Turner’s Innovative Trading Concepts series. I’ve been hearing a lot lately that a weak US Dollar is good for America. The theory is a weak US Dollar will increase US exports. The American currency will be less valuable against foreign currencies, making US goods and services cheaper for foreign… Read more.