A currency correlation is a measure of the extent to which two currencies have a statistically significant link in terms of value and the chance that market readjustments would cause their prices to move in the same direction. Forex markets tend to reward traders based to a large extent on their understanding of the nature of relationships between different … [Read more...] about Currency Pair Correlations
GBP/JPY is a pair that is favored by most Forex traders, since it combines the Japanese yen and the British pound, two of the most trusted and stable currencies. In the year 2020, Japan and the UK entered a trade agreement that promised to enhance the trade between the two countries by more than 15 billion pounds. This is one of the many reasons why people are … [Read more...] about The GBP/JPY Pair: How to Trade It in the Right Way
China’s growing influence can no longer be ignored. The country is home to one of the largest and fastest-growing economies. Likewise, it is backed by one of the most robust export economies. The country’s growing influence has also continued to shed more light on the native currency. China’s currency is increasingly becoming a key player on the international scene thanks … [Read more...] about Renminbi vs. Yuan Debate: Does China Have Two Currencies?
Commodity prices have an impact on other market sectors. Higher oil prices tend to affect industries like airlines and manufacturing. Other commodities like iron ore and copper also have an impact on stocks and indices. In this article, we will focus on some of the popular commodity currencies you can trade. What is a commodity currency? A commodity currency refers … [Read more...] about Top Commodity Currencies to Trade
Seasoned traders, as well as newcomers, prefer to trade in the GBP/AUD since it is a highly volatile and liquid currency pair. But in order to be successful, you need to follow the latest news updates, monitor the real-time chart situations, and keep an eye on the exchange rate. Since the market is highly unpredictable, you may end up losing all your money if you don’t know the … [Read more...] about Earning Profits by Trading the GBP/AUD: The Fundamentals