Disliked{quote} If you focus just on the EU and USDX, they do not mirror copies of one another indicating that since the EU is the largest part of the USDX other currencies are not 'following the trend'. The GU EU comparison shows clearly that these two are not following one another as does the GU USDX indicate that these two are not mirror copies.' I appreciate that the currency pairs are not required to copy each other in trends, I am just observing the anomalous or not normal relationship.Ignored
Actually, there is nothing "not normal" about EURUSD and GBPUSD diverging in direction. It is easier to see what is going on if you include EURGBP.
When all three are traveling up, the currency strengths are EUR>GBP>USD.
When EURUSD and GBPUSD are traveling up but EURGBP is traveling down, the ranking is GBP>EUR>USD.
Similarly, when EURUSD and EURGBP are traveling up and GBPUSD is traveling down, the ranking is EUR>USD>GBP.
You also have to keep in mind that each currency that is being traded at any given instance on the Foreign Exchange is impacting the value of EVERY currency being traded at that instant. Because the USD and EUR have the largest volume of transactions, they tend to have a greater effect than any of the other currencies. And every pair that includes either EUR or USD has more impact than any pair that does not include them. In fact, impact of the non-USD non-EUR pairs can essentially be ignored.
To free Gazans of Hamas, use whatever it takes.
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