"The D.O.G. Index shows the change
in the purchasing power of the U.S. dollar against the top trading
currencies, gold and oil."
- John Bland. co-founder
The Global-View.com D.O.G. (Dollar, Oil and Gold) Index
Most successful forex traders keep track of more than one market at a time when trading. They keep an eye on a number of key forex relationships, and also watch the price of benchmark instruments such as gold and oil. In an effort to summarize the movement of all these items, Global-view.com has developed the "D.O.G." (Dollar, Gold and Oil) index. The "D.O.G." index reduces to a single number the daily value of the dollar for top forex trading currencies, gold and oil. The index falls as the purchasing power of USD weakens and rises as it gains.
The forex value of the dollar is based on the USD change against the top six trading currencies (Eurozone euro, British pound, Japanese yen, Swiss franc, Canadian dollar and Australian dollar) weighted by trading volumes based on data reported in the
BIS Triennial Forex Survey.
The weighted USD value is then mixed with the change in the price of gold and oil to produce an index much like that published for stock prices (January 2, 1999=1.00). So that the volatile price of gold does not completely dominate the calculation, the index is adjusted by the historical price volatility of each of the three major components. The goal is to arrive at a subjective measure of the purchasing power of the U.S. currency relative to these three key items.
As indicated, the base date for the index (index=1.00) is January 2, 1999. That was the first official trading date of the euro, and close to the start of the millennium. As of the April 15, 2011 close, the composite index
had fallen from its 1.00 base in 1999 to 0.506. The USD sub-component was 0.75, oil was 0.41 and gold 0.19.
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
Global-View Affiliate Program
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Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
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The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.
The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.
Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.
The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.
Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.
Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.
Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.
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