The Dow Theory With ForexGen

You will hear a lot about the Dow Theory as you travel through your trading career. Dow himself never actually used the phrase.
That came later as analysts began to use the term.
I should back up here slightly and mention that in 1884 Dow published his first stock market average of 11 stocks.
From the original 11 stocks, there were some changes and rearrangements of the average, until he settled on 30 stocks which are now know as the industrial average and that is where we get the term the ‘Dow Jones Industrial Average’.
The actual theory is fairly straightforward to explain and sensible if you take the time to think about it.
I shall simplify it slightly, as we have not covered some of the terms yet.

ForexGen | The Nikkei 225 recovers 13,000, despite the decline in USD/JPY

Forex: The USD is weaker against most currencies as the WSJ notes that the greenback may be due for profit taking following the recent gains. Also the gains in commodities prices are weighing on the USD. The EUR is currently above $1.4700, USD/CHF is below 1.0950 and USD/JPY is below 110.50. Additionally the NZD and AUD are both higher against the USD, as AUD/USD moved above 87 cents. Although the yen is gaining against the USD and GBP, the Japanese currency is weaker against the NZD, AUD and EUR.