Friday, January 9, 2009

US Dollar Index delenda est

the US Dollar index is up 1.29% since the beginning of trading last Friday morning (01/02/09), as this performance chart of UUP, the USD Index ETF shows:

but Trend & Value thinks the USD Index, with its 57% Euro weighting, sucks, as it gives a very skewed picture of the currency markets. therefore, we have created new, equally weighted indexes for the major paper monies of the world. these Equal-Weight Currency Indexes should help us more accurately track the trends in the foreign exchange markets.

for example, while the popular 'trade-weighted' USD Index is up over one percent on the year so far, our Equal-Weight USD Index is actually down about .25% over the same period.

in the future I'll post on the blog more about these Equal-Weight Indexes, but those who want to get the latest Index values and currency markets analysis should subscribe to the daily Trend & Value Letter. receive a month of the letter for $28, or get three months for only $65. use the Google Checkout button at the top of the blog to sign up, or email and I'll send you an invoice.

(oh and don't forget to vote for Inca Kola News in the Weblog Awards. click here to vote.)