How To Understand The Price Of Gold

Transcription

1 MAJOR PAIRS CURRENCY GUIDE

2 EUR/ Eurozone/ / EUR/CAD, EUR/AUD, NZD/ EUR/ Weekly Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform JAN 1 FEB 12 APR 8 JUN 3 JUL 29 SEP 23 NOV The EUR/ is the pairing of the euro and the dollar. The EUR/ is the most traded currency pair in the world, accounting for nearly 30% of the total daily volume in FX. This sheer volume makes it incredibly liquid. EUR/ is highly sensitive to fundamental news announcements released by the U.S., and due to its popularity, traders can access a wealth of analytical information. EUR Eurozone European Central Bank Fiber 39.1%

3 NZD/ New Zealand/ / EUR/, NZD/JPY, AUD/JPY NZD/ Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform JAN 10 FEB 29 APR 21 JUN 11 JUL 30 SEP 18 NOV 7 The NZD/ is the pairing of the New Zealand dollar and the dollar. New Zealand s economy is heavily dependent on exporting raw materials. As a result, the NZD s strength correlates with the price of gold. NZD New Zealand Reserve Bank of New Zealand Kiwi 1.6%

4 GBP/ United Kingdom/ / GBP/NZD, GBP/CAD, GBP/AUD GBP/ Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform JAN 9 FEB 28 APR 18 JUN 10 JUL 29 SEP 17 NOV The GBP/ is the pairing of the British pound and the dollar. Also known as cable, GBP/ is the third most traded pair. Price movements in cable are known to correlate with EUR/. Since the pair isn t as liquid as the EUR/, GBP/ experiences more aggressive price movements when U.S. data is released. The UK boasts the second largest economy in the euro zone, after Germany. GBP United Kingdom Bank of England Sterling, Cable 12.9% 4

5 /CHF /Switzerland / /SGD, AUD/CHF, /TRY /CHF Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform JAN 9 FEB 28 APR 21 JUN 11 JUL 30 SEP 18 NOV 7 The /CHF is the pairing of the dollar and the Swiss franc. The Swiss franc became a safe-haven currency in times of crises due to Switzerland s history of remaining neutral in times of war. The franc remains a safehaven currency, and spikes in price can be seen during geopolitical crises. CHF Switzerland Swiss National Bank Swiss 6.4%

6 /JPY /Japan 86.79/ NZD/JPY, CAD/JPY, EUR/JPY /JPY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform JAN 1 FEB 12 APR 8 JUN 3 JUL 29 SEP 23 NOV The /JPY is the pairing of the dollar and the Japanese yen. The /JPY is one of the major pair types and is the second most traded pair in the world. Japan has the third largest GDP after the and China. Since Japan s economy is driven by its exports, the country prefers a weak yen to increase international sales. JPY Japan Bank of Japan None 19%

7 AUD/ Australia/ / AUD/CAD, AUD/CHF, GBP/ AUD/ Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform SEP 18 NOV JAN 10 FEB 29 APR 21 JUN 11 JUL 30 The AUD/ is the pairing of the Australian dollar and the dollar. The AUD/ is considered one of the three most popular commodity pairs. Price action in this commodity pair is influenced by the price of Australia s natural resources. In particular, the price of gold is known to correlate closely with AUD/. AUD Australia Reserve Bank of Australia Aussie 7.6% MAJOR PAIRS

8 /CAD /Canada / /SGD, AUD/CHF, /TRY /CAD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform JAN 10 FEB 29 APR 21 JUN 11 JUL 30 SEP 18 NOV 7 The /CAD is the pairing of the dollar and the Canadian dollar. Canada s economy is heavily dependent on exporting raw materials. As a result, the CAD s strength correlates with the price of oil. CAD Canada Bank of Canada Loonie, Toonie 5.3%