Good night to all!I am looking for currency rates weighted by trade for the main currencies.I wondered if someone had any link saved in the depths of their markers;--
Good night to all!I am looking for currency rates weighted by trade for the main currencies.I wondered if someone had any link saved in the depths of their markers;--
Good luck with that.Most of these indices are not public access or are hidden behind Paywalls Caros.If the IMF has it, surely is buried in a 300 -page PDF that nobody wants to read.Maybe you can find something in Bloomberg or in central banks databases, but I doubt it is free.If you really interest you, better build your own weighted index with exchange and foreign trade data of each country.It is not complicated if you have experience with spreadsheets and databases, but it takes time.The question is, is worth it?
If you did not find it on the IMF website, you are probable that you are not looking for it well.These institutions usually have information, but they present it in a complicated and little intuitive way.I recommend that you look in sections such as "Trade-Weighted Index" or "Exchange Rate Data".Another option is to check the central banks.The ECB and the Federal Reserve usually publish data of this type, although not with the ease of a simple index such as the DXY.It requires patience, but if you investigate well, you will find something.
Why complicate you so much life?If what you are looking for is something like the DXY for other currencies, simply create your own weighted index.You take the most representative pairs, adjust by volume of trade and voila.It is not perfect, but it will give you a decent reference.Now, if you want something official, most likely you have to subscribe to Premium services.Do not expect someone to do the job for you and publish it for free on the Internet.The world of financial data does not work that way.
I am not sure that these indices are really useful for trading.The currency markets move through a mixture of macroeconomic factors and capital flows, not only for commercial weights.If it were as easy as following an index, everyone would be earning money.If you still want to find something, check the BIS reports or the Fed studies. Sometimes they publish data on the influence of commercial flows in the Forex, but do not expect something that you can apply directly without doing a deep analysis.
Wow, what a surprise!Someone looking for free quality data on the Internet.If those indices exist accessible, they would be everywhere.But of course, those who really have value are well saved and only accessible to those who pay for them.If you really think they will be useful, invest in a subscription of Bloomberg or Reuters.It will not be cheap, but at least you will have reliable data.And if you don't want to pay, prepare for long hours of search and processing information on your own.
I like your mentality to look for useful information, but I think you are pointing to the wrong place.Commerce weighted indices can be interesting for macroeconomic analysis, but in the daily operation of the Forex, its impact is limited.What really moves markets are monetary policy expectations, differential rates differentials and global liquidity.If you focus only on these indices, you could be losing sight of what really matters to operate successfully.
Do you know what is the best of trade weighted indices?That its usefulness for a retail trader is practically nil.They are more academic tools than real indicators to operate.But well, if you want to complicate your life, go ahead.Of course, don't expect anyone to pass you a miraculous link.If you want quality data, you will have to work to get them.Or pay.Because in this business, everything worth it costs money or effort.
I don't want to discourage you, but I think you are overvaluing the importance of these indices.In the best case, they will give you a general idea of ??the strength of a currency in commercial terms, but that does not mean that you can operate with them effectively.Instead, I would recommend that you focus on capital flow data or market positions.Those can give you more concrete clues about future movements.But well, everyone looks for what he thinks will help him.
If you really interest you, search the BIS reports (Bank for International Settlements
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