QUOTE(hotfxmy @ Apr 13 2015, 04:45 PM)
When EUR/USD and EUR/GBP are almost identical, that means it is the dollar thingy. 
what is the meaning of dollar thingy?? consider new to Forex....Forex Version XV, Foreign Exchange Market Discussion
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 Apr 13 2015, 04:46 PM
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#1
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143 posts Joined: Jul 2009 From: Currently at KL. From Malacca  
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Apr 13 2015, 09:56 PM
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#2
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143 posts Joined: Jul 2009 From: Currently at KL. From Malacca
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QUOTE(hotfxmy @ Apr 13 2015, 04:55 PM) Dollar Thingy means plainly it is Dollar strong or weakness instead of EUR sides or GBP sides. In Dollar Basket or Dollar Indexes, EUR are 57.6% weight on Dollar Indexes and GBP held 11.9% weight. If the dollar moves, the biggest against are EUR, not the Cable. Hence, EUR are weaker than GBP, therefore EUR/GBP will go down. thank you for the explaination.  |
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Apr 13 2015, 09:57 PM
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#3
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QUOTE(hotfxmy @ Apr 13 2015, 05:37 PM) This is still technical instead of fundamental. Yeah, just read those Wiki and Investopedia is good. Understand the weight everything. And you need a USDX charts for cross reference before you are trading. which website USDI chart would you prefer? just need some suggestion with better and easy understanding chart? |
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Apr 13 2015, 10:01 PM
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#4
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QUOTE(hotfxmy @ Apr 13 2015, 05:37 PM) This is still technical instead of fundamental. Yeah, just read those Wiki and Investopedia is good. Understand the weight everything. And you need a USDX charts for cross reference before you are trading. What if i trading on EURJPY. Does USDI have any effect on this pair? |
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Apr 13 2015, 10:02 PM
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#5
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QUOTE(hotfxmy @ Apr 13 2015, 10:00 PM) You have those charts on most broker, just name difference. For instance, my IG was DX, Citi was USDX, HotForex was USindex. Just look on your broker platform and you will find it. i try and find. thanks for the info. |
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Apr 16 2015, 08:41 PM
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#6
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guys, is EJ now would be reversal after so long down trend???
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