FOREX & COMMODITIES CORRELATION

Hello everyone!
Today we will discuss the correlation for some currencies and commodities.

GOLD GROWTH
Recently, gold has risen sharply.
Not everyone knows why and what may happen next.

But if you disassemble gold, then historically, it turned out that in difficult economic moments or in a crisis, dollars are exchanged for gold, since GOLD has historically been considered a rescue tool from inflation.

As you know, inflation eats up the value of the dollar and gold is an excellent tool for saving money.

According to the above, the DOLLAR and GOLD have an inverse correlation, that is, when the DOLLAR falls, GOLD rises and vice versa.

In addition, gold can be an indicator of the future crisis and or acceleration of inflation.

Maybe that's why GOLD is growing now?

CANADIAN DOLLAR AND OIL

Canada occupies one of the first places in the world in oil production.

And, of course, oil plays an important role in the country's economy.
As soon as oil prices rise, the CANADIAN DOLLAR becomes stronger.
Conversely, the fall in the cost of oil has a bad effect on the currency.

SWISS FRANC

Switzerland is historically famous for its economy and its banks.
Trillions of dollars are stored in Swiss bank accounts.
We will not talk about how they get there, where and why, but the main thing is that everyone knows that many people keep money there.

Switzerland is a time-tested country, people trust their country and consider it very reliable.
Do not forget that 25% of Switzerland's reserves are secured by gold.

The currency is very strongly linked to gold and therefore when gold falls, the currency falls too, and when gold grows, the currency grows.

Everything is simple.

There are many correlations of currencies with other assets in the world.

There is also a correlation between currencies.

An attentive trader will be able to identify a pattern and make money on it.

Thanks!

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻