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The USDollar Is Still Bullish | DXY is Outdated!

FX:USDOLLAR   Dow Jones FXCM Dollar Index
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This is not DXY             , which is a different measurement of the dollar. The DXY             is outdated, yet some trade books and even traders still look at it randomly over more accurate dollar indices, such as the trade-weighted dollar index             established by the US Federal reserve .
So far, a trade-weited index is not available on Tradingview. There is also the Wall Street Journal Dollar Index             called BUXX that is also not available on Tradingview.

Initially, DXY             reflected the US trade partnership with the Euro             , but it was never updated as US trade partnerships expanded globally. So, the trade weights in DXY             is outdated. You will not get an accurate picture of what is going on.

The Trade Weighted U.S. Dollar Index             can be found here at the US Federal Reserve's website: https://fred.stlouisfed.org/series/DTWEXM

They have also written an article called "Is a Strong Dollar Better than a Weak Dollar?" https://research.stlouisfed.org/publications/page1-econ/2015/03/01/is-a-strong-dollar-better-than-a-weak-dollar/?&utm_source=fred.stlouisfed.org&utm_medium=Referral&utm_term=related_resources&utm_content=&utm_campaign=pageone


And even if the dollar becomes weaker than ever, this would be good for exports and for stocks. Money will pour in more to support the US economy because of the value that it offers to investors.

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