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Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - B Backwardation This is a state when the price of a futures contract is trading lower than the expected spot price. Learn more about backwardation Base rate The interest rate a central bank will charge for lending to other banks. Base currency In trading the term base currency is the first currency listed in a currency pair.

It can also mean the accounting currency used by banks and other businesses. Basis point A basis point is a unit of measurement, equal to one one-hundredth of a percent (0.01%). It is used to quantify the change between two percentages, also sometimes referred to as ‘bp’, which is pronounced ‘bip’ or ‘beep’.

Bear trader A bear trader wants to short sell financial instruments, believing that a market, asset or financial instrument is heading in a downward trajectory. Opposite to "bulls" or "bull traders." Bear market When the market is on a sustained downward trajectory, with the majority of investors selling. Bearish Being bearish means a trader believes that a market, asset or financial instrument is going to experience a downward trajectory.

Opposite of "bullish." Bear call spread A strategy in options trading, combining a short call option and a long call option with a higher strike. Basically, a short call with lower strike price + long call with a higher strike price. Beta A measure of the risk or volatility of a security or portfolio, when compared to the wider market.

Bid The price a trader is willing to pay for a certain asset. Bid-Ask Spread The difference between the best buy price (bid) and best sell price (offer) for an asset. Learn more about the Bid-Ask Spread Blue chip stocks Blue-chip stocks are the shares of companies that are reputable, financially stable and long-established.

A company that is considered blue chip is generally large, at the top of its sector, features on a recognised index, and has a well-known brand. Blue chip stocks may change over time and are therefore difficult to define. Bollinger bands Bollinger bands are a popular form of technical price indicator, based on an asset's simple moving average (SMA).

Often referred to as a 'lagging indicator,' as they are reactive not predictive. Learn more about using Bollinger Bands in FX Trading. Bond trading Bond trading is one way of making profit from fluctuations in the value of corporate or government bonds.

This definition can also mean the trading of bonds by a broker on the floor of an exchange. Learn more about Bond Trading Bonds Bonds investment securities, that involve lending money to an institution for a fixed period of time. They can come in two varieties: corporate bonds and government bonds.

Book value The monetary value of an asset reflected in an entity's accounting books/balance sheet, not based on future appreciation or depreciation. Bottom line A company’s bottom line refers to the profit, net income, net earnings or earnings per share (EPS) of a business. Brent crude Brent crude is one of the major oil benchmarks used by those trading oil contracts, futures and derivatives.

As oil from different fields varies in value, oil benchmarks are a way for traders to understand which types of oil they are trading. Brent crude is mostly drilled from the North Sea oilfields: Brent, Forties, Oseberg and Ekofisk (BFOE). Broker A broker is an independent person or a company that organises and executes financial transactions on behalf of another party.

They can do this across a number of different asset classes, including stocks, forex, real estate and insurance. A broker will normally charge a commission for the order to be executed. Bull trader Bull traders believe that a market, instrument, or sector is going on an upward trajectory.

Opposite to "bears" or "bear traders." Bull call spread A trading strategy that takes advantage of upward market movements, while limiting profit and loss. It is used by trader when they believe a stock will have a limited increase in price. Learn more about Bull Call Spreads Bull market A market when the majority of investors are buying.

Opposite of "bear market." Bullish Expecting that a market, asset or financial instrument is going to experience an upward trend and acting accordingly. Opposite of "bearish." Buy Taking ownership of a financial asset, whether it is a commodity, stock or another asset. Buyer/Taker Refers to the holder of an option, who has the right to purchase the underlying security.

Gold has always been one of the most popular and highly traded markets for CFD traders, especially recently as its price has risen to test its all-time highs. It’s easy to see why, Gold has been a store of value throughout history and now with institutional grade spreads and zero commission there has never been a better time for GO Markets clients to trade this exciting market. At GO Markets we offer our clients the world’s most popular gold trading platforms in Metatrader 4/5 and C-Trader, as well as ultra-fast execution for manual traders these CFD trading platforms also give you the ability to automate gold trading strategies.

Advantages of trading gold CFDs with GO Markets: Institutional grade spreads and ZERO commission for all account types. Trade 23 hours a day, unlike an ETF or gold miner listed on a stock exchange that is only open while that stock exchange is open. Leverage – from 20:1 to 500:1 depending on your account type.

Flexibility in position sizing starting from 0.01 lots. Fundamental forces that drive the price of gold While no one reason can be fully attributed to movements in the price of gold, there are an important few fundamental drivers that will influence the price of gold and whose relationship has been time tested. None of these on their own should be used as a sole reason to enter a position, but having the fundamentals on your side will certainly give you an advantage.

The main fundamental drivers in my experience are (not an exhaustive list by any means!) The gold price relationship to US bond yields Safe haven flows Central Bank buying Real Yields and Gold The inverse relationship between bond yields and the price of gold is well established, especially the real yield on the US 10-year bond. The reason for this mainly is because the real yield (the real yield is calculated by subtracting inflation expectations from the actual yield of the US 10-year government bond) is seen as the “risk free” rate on an investment, the higher the “risk free” rate is, the less attractive a non-yield paying asset like gold is. As both gold and bonds are seen as safe havens, they are competing for the same investors.

See the screenshot below to illustrate this point. Source: longtermtrends.net The gold line is the price of gold, the black line is the inverted real yield of 10-year treasuries. This chart stretches back 16 years, but the close relationship has gone back much longer than that.

This chart is showing that historically, gold is expensive at the moment as compared to real yields as can be seen by the growing gap between the two recently, this interesting decoupling has been mainly caused by our second fundamental driver – safe haven flows. Safe Haven Flows Geopolitical strife with war in Ukraine and doubts over the health of the global economy got things started with the surge we have seen in gold prices in the last 5 months, but things went into overdrive in March 2023 when Signature bank and Credit Suisse collapsed, bring into question the integrity of the banking system and massive safe haven flows into gold which has pushed the price to within touching distance of hitting all-time highs. With the banking crisis seemingly under control (for now maybe?) gold has lost some momentum, but the fact it is holding around these elevated prices indicates some investors may not think the crisis is over just yet.

Central Bank Buying Central banks are some of the biggest buyers of gold on the open market, and 2022 saw the most central bank buying of gold on record. Whatever the reasons for this, such massive amounts of buying would be seen as a bullish sign for the gold price (if it continues). GO Markets clients also have access to Trading Central which automatically detects technical set ups for our traders to add to their decision making.

Trading Central can be accessed by account holders through their Client Portal. Trading Central Pattern example below: Feel free to contact the GO Markets team if you have any questions on trading gold CFDs.

Gold has always been one of the most popular and highly traded markets for CFD traders, especially recently as its price has risen to test its all-time highs. It’s easy to see why, Gold has been a store of value throughout history, and with CFDs it’s possible to take a position in this exciting market, whether you think the price will head up or down. In this CFD gold trading Article we will look at the following: How to use CFDs to trade gold Fundamental forces that drive the price of gold Technical strategies for trading gold CFDs How to use CFDs to trade gold CFDs or Contracts For Difference allow you to speculate on the price of gold, without owning the underlying asset (No gold vaults needed!) A spot gold CFD tracks the price of the spot market being the cleanest and most efficient way to speculate on the price of gold.

They also allow you to take a position in both directions, you would enter a buy (Long) positions if you believed the price will rise, or a sell (Short) position if you believe the price will fall. With Long positions you are looking to buy and sell at a higher price at a later time to profit on the trade. With a Short position you are selling with the view to buy back at a later time to profit on the trade.

At GO Markets we offer our clients the worlds most popular gold trading platform in Metatrader 4 and 5, another advantage to these CFD trading platforms is the ability to automate gold trading strategies. Other advantages to trading gold CFDs with GO Markets: Trade 23 hours a day, unlike an ETF or gold miner listed on a stock exchange that is only open while that stock exchange is open. Leverage – the margin required to open the trade will be a fraction of the face value of the position depending on what leverage your account is set to.

Flexibility in position sizing starting from 1 ounce ($1USD per point movement in gold) unlike gold futures which have rigid contract sizes. Rolling contract, no expiries such as in options or futures to worry about. To Enter a position in Metatrader, you would bring up a deal ticket by clicking “New Order” then select your position size, any Stop Loss or Take Profit levels you want the position to automatically close at and hit Buy or Sell.

As with any instrument, make sure you are familiar with the lot sizing. 1 standard lot in gold (XAUUSD) is 100 ounces, or $100 USD a point so make sure you set the volume to a level commensurate to your account size and risk appetite. Now, the next question is how you decide on a buy or sell, lets look at the fundamentals of what drives gold and some technical analysis you can use to answer this question. Fundamental forces that drive the price of gold While no one reason can be fully attributed to movements in the price of gold, there are an important few fundamental drivers that will influence the price of gold and whose relationship has been time tested.

None of these on their own should be used as a sole reason to enter a position, but having the fundamentals on your side will certainly give you an advantage. The main fundamental drivers in my experience are (not an exhaustive list by any means!) The gold price relationship to US bond yields Safe haven flows Central Bank buying Real Yields and Gold The inverse relationship between bond yields and the price of gold is well established, especially the real yield on the US 10 year bond. The reason for this mainly is because the real yield (the real yield is calculated by subtracting inflation expectations from the actual yield of the US 10 year government bond) is seen as the “risk free” rate on an investment, the higher the “risk free” rate is, the less attractive a non-yield paying asset like gold is.

As both gold and bonds are seen as safe havens, they are competing for the same investors. See the screenshot below to illustrate this point. The gold line is the price of gold, the black line is the inverted real yield of 10 year treasuries.

This chart stretches back 16 years, but the close relationship has gone back much longer than that. This chart is showing that historically, gold is expensive at the moment as compared to real yields as can be seen by the growing gap between the two recently, this interesting decoupling has been mainly caused by our second fundamental driver – Safe haven flows. Safe Haven Flows Geopolitical strife with war in Ukraine and doubts over the health of the global economy got things started with the surge we have seen in gold prices in the last 5 months, but things went into overdrive in March 2023 when Signature bank and Credit Suisse collapsed, bring into question the integrity of the banking system and massive safe haven flows into gold which has pushed the price to within touching distance of hitting all-time highs.

With the banking crisis seemingly under control (for now maybe?) gold has lost some momentum, but the fact it is holding around these elevated prices indicates some investors may not think the crisis is over just yet. Central Bank Buying Central banks are some of the biggest buyers of gold on the open market, and 2022 saw the most central bank buying of gold on record. Whatever the reasons for this, such massive amounts of buying would be seen as a bullish sign for the gold price (if it continues) Technical strategies for trading gold CFDs While having a good understanding of the fundamentals (in my opinion) is important to help you choose the best trades most traders will use a combination of technical analysis and fundamentals with the aim for higher probability outcomes in their trades.

Some traders will use technical analysis exclusively without any interest in the fundamental drivers using things such as RSI oscillators, support and resistance areas and trend lines solely to decide on their trade direction. Which option is best is solely up to the trader, their time frames for the trades and risk appetite, all can work, and all can fail neither option can be seen as “better” than the other, it all depends on the individual trader. Technical analysis is an art in itself and there is a lot to learn on this subject, I encourage anyone interested to research the many weird and wonderful technical analysis strategies that are documented online.

But let’s take a look at a couple of popular technical indicators that gold traders use to make their trades. Support and Resistance Support and resistance are one of the most widely used and accurate (when used correctly) technical indicators that can be used by traders. Support and Resistance areas are points in the market where the price is held from going lower (Support) or going higher (Resistance), these are areas where buyers or sellers are entering the market as they see value in the asset at that price.

These levels can last a long time, or be temporary and can be used to predict turn arounds in the market, or a break of these levels could indicate a further push in that direction. Lets take a look at the recent Gold chart for examples below: From the above you can see that there are areas that Gold will find its price supported. or upside resisted as buyers and sellers battle it out. These areas are very important to keep in mind when deciding on trade direction.

Trend Channels Another simple, but effective and popular Technical Analysis tool is trend channels. These channels are a common sight on the gold chart and can give the trader some confidence in levels that will provide support or resistance, or a break of these channels can indicate a trend change. Example of trend channels on gold below: While technical analysis is useful for gold, it can be difficult to spend the time analysing all the patterns that may form, in that regard GO Markets clients have access to Trading Central which automatically detect technical set ups for our traders to add to their decision making.

Trading Central can be accessed by account holders through their Client Portal. Trading Central Pattern example below: Hopefully this article has given you an interest to learn more about trading gold with CFDs. Fell free to contact the GO Markets team if you have any questions on trading gold CFDs and opening an account with us.

Gold has been one of the most popular and highly traded markets recently as price action in the precious metal has really come alive, rate hikes, the war in Ukraine and Bank Crises have all played a part in the fundamental reasons for gold price movements in the last 12 months. Let’s take a look at the chart to see these fundamental effects and how the technical are shaping up. Firstly, the macro picture of what fundamentals have done to the price of Gold are where it’s turning points have been.

The chart below shows the decline in the Gold Price during most of 2022 as the USD rallied strongly on the back of an aggressive Federal Reserve hiking cycle, this put downward pressure on gold where we can see it bottomed and found support around the 1617 level. Next was the talk of a Fed pivot, the market starting to price in the end of the Fed hiking cycle and a subsequent bear market in the USD which lifted Gold prices. After this mov retraced in Feb/Mar we then had the collapses of Signature bank and Credit Suisse, this saw the dynamics of Gold change from following interest rates and USD strength to being a bona fide safe haven and an explosive move up to where we are now, looking to test the all-time highs set back in 2020.

Zooming in on the technical, I believe Gold is still in a strong uptrend and will continue to benefit from safe haven flows while the left-over worries of the banking crisis still remain (is it really over?) but saying that it will find tough going above 2040 USD an ounce, as we can see from the forceful rejection at that price last week, without a further catalyst to push it though, such as another leg to the bank crisis or escalation in geopolitics events. The other Key level is 1805, the last swing low which can be seen as major support. If you believe the Gold bull story the way to play the long side is to avoid getting long above 2020 until a confirmed break of this major resistance level is confirmed and legging into longs everywhere above 1805, a break of that major support level would see the bears certainly in charge.

If you’re a Gold bear, Use the major resistance at 2020-2040 to your advantage, getting short and using that area as an exit if a confirmed break to the upside occurs.

Crude Oil has always been one of the most popular and highly traded markets for CFD traders whether it is WTI or Brent, especially recently as geopolitical and economic forces have seen its price fluctuate from extreme lows to extreme highs. It’s easy to see why, Oil is a bellwether for the health of the global market, oil greases the wheels of global commerce and with CFDs it’s possible to take a position in this exciting market, whether you think the price will head up or down. In this CFD Oil trading Article we will look at the following: How to use CFDs to trade oil Fundamental forces that drive the price of oil Popular technical strategies for trading oil CFDs How to use CFDs to trade oil CFDs or Contracts For Difference allow you to speculate on the price of oil, without owning the underlying asset.

A spot oil CFD tracks the price of the spot market being the cleanest and most efficient way to speculate on the price of oil. They also allow you to take a position in both directions, you would enter a buy (Long) positions if you believed the price will rise, or a sell (Short) position if you believe the price will fall. With Long positions you are looking to buy and sell at a higher price at a later time to profit on the trade.

With a Short position you are selling with the view to buy back at a later time to profit on the trade. At GO Markets we offer our clients the worlds most popular oil trading platform in Metatrader 4 and 5, another advantage to these CFD trading platforms is the ability to automate oil trading strategies. Other advantages to trading oil CFDs with GO Markets: Trade 23 hours a day on WTI oil, 21 hours a day on Brent oil, unlike an ETF or oil company listed on a stock exchange that is only open while that stock exchange is open.

Leverage – the margin required to open the trade will be a fraction of the face value of the position depending on what leverage you are comfortable with. Flexibility in position sizing starting from 0.1 lot ($0.10 USD per point movement in oil) unlike oil futures which have rigid contract sizes. Rolling contract, no expiries such as in options or futures to worry about.

To Enter a position in Metatrader, you would bring up a deal ticket by clicking “New Order” then select your position size, any Stop Loss or Take Profit levels you want the position to automatically close at and hit Buy or Sell. As with any instrument, make sure you are familiar with the lot sizing. 1 standard lot in oil (USOUSD and UKOUSD) is 100 barrels, or $1 USD a point so make sure you set the volume to a level commensurate to your account size and risk appetite. Now, the next question is how you decide on a buy or sell, let’s look at the fundamentals of what drives oil and some technical analysis you can use to answer this question.

Fundamental forces that drive the price of oil Both WTI oil (USOUSD) and Brent Oil (UKOUSD) are highly correlated and will both be referenced as “oil” in the below. While no one reason can be fully attributed to movements in the price of oil, there are an important few fundamental drivers that will influence the price and whose relationship has been time tested. None of these on their own should be used as a sole reason to enter a position, but having the fundamentals on your side will certainly give you an advantage.

The main fundamental drivers in my experience are The perceived health of the global economy OPEC+ production cuts or increases Geopolitical issues The perceived health of the global economy Oil is the driver of commerce, it is needed for the transport and manufacturing of goods and getting people around. If economic conditions are deteriorating, it means less economic activity and the need for less oil sending the price down. A global economy which is seen as “hot” means more economic activity and more demand for oil, seeing it’s price increase.

A clear chart to see this is the price of oil as compared to the US 10-year bond yield over the years. You can see the price of oil and the yield are highly correlated, this is due to yields going up when the economy is “hot” and yields falling when the economy enters a period of contraction, similar price drivers to oil. The black line is WTI oil price, the orange US 10-year yields going back 10 years.

Source: tradingview.com OPEC+ production cuts or increases The Organization of the Petroleum Exporting Countries (OPEC) is a cartel of leading oil-producing countries formed in order to collectively influence the global oil market. OPEC started with a handful of Middle Eastern oil producers in 1960, and has since grown to 24 members in OPEC+. Even thought the USA is currently the worlds top oil producer, OPEC+ countries as a whole still dominate global oil supply and decisions made by the cartel can have a dramatic influence on the price of crude oil.

Market share of oil producing nations: Source: gisreportsonline.com OPEC+ hold regular meetings during the year, normally the expected result is well telegraphed, but sometimes there can be a surprise, such as at their latest meeting on Sunday April 2 nd, 2023, where a surprise production cut was announced, seeing the price of oil gap significantly higher on Mondays open, showing oil traders to always approach these meetings with caution. Geopolitical issues The last three years has seen some very influential geopolitical events, or “black swans” and oil being closely tied to the health of the global economy has seen some very big moves on the back of these events. The Pandemic and its related lock downs and slowing of global commerce saw the price of oil slump to all time lows, followed by the war in Ukraine which saw oil jump to multi year highs on the fear of supply disruptions (Russia is the second biggest oil producer in the world) The chart below illustrates this: Oil traders especially need to be aware of geopolitical risks as the above chart shows.

Technical strategies for trading oil CFDs While having a good understanding of the fundamentals (in my opinion) is important to help you choose the best trades most traders will use a combination of technical analysis and fundamentals with the aim for higher probability outcomes in their trades. Some traders will use technical analysis exclusively without any interest in the fundamental drivers using things such as RSI oscillators, support and resistance areas and trend lines solely to decide on their trade direction. Which option is best is solely up to the trader, their time frames for the trades and risk appetite, all can work, and all can fail neither option can be seen as “better” than the other, it all depends on the individual trader.

Technical analysis is an art in itself and there is a lot to learn on this subject, I encourage anyone interested to research the many weird and wonderful technical analysis strategies that are documented online. But let’s take a look at a popular technical indicators that oil traders use to make their trades. Support and Resistance Support and resistance are one of the most widely used and accurate (when used correctly) technical indicators that can be used by traders.

Support and Resistance areas are points in the market where the price is held from going lower (Support) or going higher (Resistance), these are areas where buyers or sellers are entering the market as they see value in the asset at that price. These levels can last a long time or be temporary and can be used to predict turn arounds in the market, or a break of these levels could indicate a further push in that direction. Oil is also particularly sensitive to psychological levels around “big figures” or rounded number, e.g. 79.00 and 74.00 As can be seen on the chart below.

Hopefully this article has given you an interest to learn more about trading oil with CFDs. Feel free to contact the GO Markets team if you have any questions on trading oil CFDs and opening an account with us.

The U.S. Dollar Index (USDX, DXY, DX, or, informally termed “the Dixie") is a measure of the value of the United States dollar relative to a basket of foreign currencies. It is often used as an indicator of the overall strength or weakness of the U.S. dollar in the foreign exchange market.

Changes in the index value reflect shifts in the relative strength of the U.S. dollar compared to the other currencies in the basket. If the index rises, it suggests that the U.S. dollar is strengthening against the other currencies, and if it falls, it indicates a weakening dollar. The index is calculated using a geometric mean of the exchange rates between the U.S. dollar and a selected specific group of six major currencies.

A common misconception is the component currencies reflect what are commonly thought of as including the currencies that comprise the so called “majors”. However, the currencies that make up this basket are, the Euro (EUR), Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Swedish krona (SEK), and Swiss franc (CHF) ONLY. These currencies are then weighted based on their importance in international trade and financial markets to create a quoted overall numerical value, and changes in this value may plotted on a chart as with any other tradable asset class over a set period of time.

Here are the weightings of currencies that make up the USD index currently: Euro (EUR) - Weight: 57.6% Japanese Yen (JPY) - Weight: 13.6% British Pound (GBP) - Weight: 11.9% Canadian Dollar (CAD) - Weight: 9.1% Swedish Krona (SEK) - Weight: 4.2% Swiss Franc (CHF) - Weight: 3.6% Please keep in mind that these weightings are subject to change, albeit infrequently, and it's recommended to refer to reliable financial sources for the most up-to-date information on the U.S. Dollar Index components and their respective weightings. The impact of the USD on other asset classes The U.S.

Dollar Index (USDX) can have a significant impact on various asset classes, as changes in the value of the U.S. dollar relative to other major currencies can influence global financial markets and economic conditions. Here's how the USDX can affect different asset classes: Foreign Exchange (Forex) Market: Currency Pairs: The most direct impact of the USDX is on currency pairs. When the USDX strengthens, the U.S. dollar is gaining relative to other currencies in the basket.

Bear in mind that this strength may neither be uniform against individual currencies nor in the degree of price move in specific USD crosses nor even, on occasion, in the same direction. Commodities: Commodity Prices: A stronger U.S. dollar can put downward pressure on commodity prices. Commodities like gold, oil, and copper are often priced in U.S. dollars globally.

A stronger dollar can make these commodities more expensive for holders of other currencies, hence often there is an inverse relationship to some degree on how these move versus the USD. Gold is often seen as a hedge against a weakening U.S. dollar. When the dollar strengthens, gold can become relatively less attractive to investors seeking safe-haven assets, potentially leading to lower gold prices.

Equity Markets: U.S. Stocks: A stronger dollar can impact multinational companies' earnings negatively. When the dollar appreciates, the overseas profits of U.S. companies become worth less when converted back to dollars, potentially leading to lower corporate earnings.

Emerging Markets: Many emerging market economies borrow in U.S. dollars. If the U.S. dollar strengthens, the debt servicing costs for these economies can rise, leading to economic challenges. As a result, some emerging market stocks can experience increased volatility or even significant economic pressure over time.

Bonds: U.S. Treasuries: The value of U.S. Treasury bonds can be influenced by the USDX.

A stronger dollar can attract foreign investors seeking higher yields, potentially driving up demand for U.S. Treasuries and affecting bond prices. Interest Rates and Central Banks: US Federal Reserve Policy: The strength of the U.S. dollar can influence the decisions of the U.S.

Federal Reserve regarding interest rates. A stronger dollar might give the Fed room to consider tighter monetary policy, while a weaker dollar might lead to more accommodative policies. It's important to note that market dynamics are complex and influenced by a multitude of factors only one of which may be the USD.

Other factors such as economic data, geopolitical events, and central bank actions also have significant impacts on various asset classes, often more so than the USD itself, and indeed may in turn influence the USD. Trading the USD index There are a few ways you can trade the USDX: Futures Contracts: The most direct way to trade the USDX is through futures contracts. These contracts are traded on exchanges like the Intercontinental Exchange (ICE).

They allow you to speculate on the future value of the USDX without actually owning the underlying currencies. The UDX futures trade on the ICE (Intercontinental Exchange, Inc.) for 21 hours a day. Exchange-Traded Funds (ETFs): Some ETFs track the performance of the USDX.

These ETFs attempt to replicate the movements of the index and can be bought and sold on stock exchanges like regular stocks. The most liquid of these is UUP. Options: Contracts allow you to buy or sell options on the USDX at a specified price before or on a certain date.

Contracts for Difference (CFDs): CFDs are derivative instruments that allow you to speculate on price movements without owning the underlying asset. We offer CFDs on the USDX futures contract, which can enable you to go long or short the asset. As part of the extensive product suite offered by GO Markets you have the opportunity to trade both the ETF referenced above, and the USD index (ticker code USDOLLAR). (Keywords: Forex, USD, US dollar, US dollar index, USDX, DXY, Futures contract)