Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Trading

Dow Jones FXCM Dollar Index

fxcm chart

fxcm chartTHE DOW JONES FXCM DOLLAR INDEX BASKET WAS DEVELOPED BY TRADERS FOR TRADERS ALLOWING YOU TO TAKE ADVANTAGE OF US DOLLAR APPRECIATION OR DEPRECIATION WITH PRECISE TRACKING AND MAXIMUM LIQUIDITY.

The US dollar remains the world’s foremost currency and the standard against which other currencies are measured. The Dow Jones FXCM Dollar Index Basket allows the trader to act on their US dollar bias with especially low transaction costs.
Easy to Use: Do you believe the US dollar is likely to appreciate? You can buy the DJ FXCM Dollar Index Basket and benefit if it gains against four currencies. Think it will head lower? Selling is just as easy.
Low spreads: Strong liquidity across these four currencies leads to low spreads, making this an inexpensive way to trade the US dollar.
CURRENCY SELECTION
Euro: The other half of the most heavily traded currency pair in the world and a key measure of the US dollar’s value.
British Pound: Highly liquid and popular with forex traders, the pound retains great significance as the UK remains an important global financial hub.
Japanese Yen: A mainstay of the forex carry trade, the yen represents the third-largest economy in the world.
Australian Dollar: A titan in the fast-growing Asia/Pacific region, the AUD gives our index high yields and a link to commodity markets.

THE DOW JONES FXCM DOLLAR INDEX BASKET IS INTENDED TO BE MORE
RELEVANT, TRADABLE, AND EASIER TO USE THAN EXISTING DOLLAR INDICES.

The Dow Jones FXCM Dollar Index was designed with the trader in mind.
It avoids outdated currency pair selection and confusing methodology toDow Jones FXCM Dollar Index
produce a more straightforward design and maximize utility for the trader.
The index basket is designed to be as easy to understand as it is to trade. At
inception date, the index reflects an equivalent $10,000 long position against
the euro, British pound, Japanese yen, and Australian dollar. The value of the
index is subsequently the average value of those US Dollar positions.
If the US Dollar rallies 100 pips against the euro, Australian dollar, Japanese yen, and British pound, the index will appreciate by approximately 100 points. It’s that simple.
With liquidity available 24 hours per day and five days per week, the Dow Jones FXCM Dollar Index Basket is an easy-to-use and inexpensive way to trade the US dollar.

“Dow Jones Indexes”, the marketing name of CME Group Index Services LLC (“CME Indexes”), is a trademark of Dow Jones Trademark Holdings LLC. “Dow Jones®”, “Dow Jones Indexes”, “DJ” and “Dow
Jones FXCM Dollar IndexSM” are service marks of Dow Jones Trademark Holdings LLC (“Dow Jones”) or Forex Capital Markets LLC, as the case may be, and have been licensed for use by CME Indexes
and sublicensed by Forex Capital Markets. “CME” is a trademark of Chicago Mercantile Exchange Inc. The Dow Jones FXCM Dollar Index Basket is not sponsored, endorsed, sold, or promoted by Dow Jones,
CME Indexes or their respective affiliates and none of Dow Jones, CME Indexes, or any of their respective affiliates make any representation regarding the advisability of investing in such Basket product.
3 - Global Banking | FinanceRisk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors as you could sustain a total loss of your deposited funds. Forex trading products are only suitable for those customers who fully understand the market risk.
All references to “FXCM” refer to FXCM, Inc. and its consolidated subsidiaries.

For Further information visit FXCM

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post