Intermarket Analysis involves analysing multiple asset classes. The objective is to determine how one asset class impacts on another.
Asset classes have been driven by one another for many years but it is particularly more significant in the present global market.
As Forex traders we should never look at currencies in isolation. Instead we should look at equities, bonds and commodities to determine their impact on specific currencies.
I am keeping a close eye on the Aussie Dollar, lets look at some analysis of it.
The Aussie has taken a battering in recent trading mainly due to weakening global sentiment and a fall in the price China has to pay for its iron ore.
The dip in iron ore prices also impacted CAD the other high risk currency. With the price of oil making recent new lows can we see further weakening of the CAD?
The chart below shows the AUD and Iron Ore Futures contract overlaid. I believe both are at a key levels and have the potential to break lower
Asset classes have been driven by one another for many years but it is particularly more significant in the present global market.
As Forex traders we should never look at currencies in isolation. Instead we should look at equities, bonds and commodities to determine their impact on specific currencies.
I am keeping a close eye on the Aussie Dollar, lets look at some analysis of it.
The Aussie has taken a battering in recent trading mainly due to weakening global sentiment and a fall in the price China has to pay for its iron ore.
The dip in iron ore prices also impacted CAD the other high risk currency. With the price of oil making recent new lows can we see further weakening of the CAD?
The chart below shows the AUD and Iron Ore Futures contract overlaid. I believe both are at a key levels and have the potential to break lower
Intermarket Analysis Strategy
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