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Forex: Major popular currency pairs such as US Dollar, Euro, British Pound, Japanese Yen, Australian Dollar, Swiss Franc, etc. (up to 43 currency pairs)
Leading in the foreign exchange market, most of the currency combinations use US dollars as the base currency or relative currency. The US dollar is the main foreign exchange savings currency of central banks. Therefore, the political and economic status of the United States in the world is the biggest factor affecting the dollar price. Due to the close relationship between the domestic foreign exchange market, the stock market, and the bond market, the flow of funds in various markets is very high. Therefore, the major domestic economic data and the US dollar exchange rate also have a direct impact.
The euro is the currency of the 17 countries of the European Union (EU), the second largest currency in the world, and the second largest reserve currency of central banks. The EU now has 27 member states and is the world's largest economic entity. Its members come from a number of sovereign and independent countries. The differences in political culture and economic development between countries lead to contradictions within the EU. The European Central Bank strictly controls inflation and the EU promotes the economy. The policy effect of the reform has not been significant, and it has become a factor in the development of the euro. The euro is the main alternative investment currency for the US dollar, so the euro should benefit most directly when the dollar is weak.
Japan is the largest investor and creditor in the world and the country with the most reserves in the world. The Japanese economic environment affects the flow of yen funds and affects the global economy. If the market rebounds from the Japanese economy, the exchange rate of the yen will rise, meaning that funds will flow back to the Japanese market, thus affecting the long-held Australian dollar, Canadian dollar and New Zealand dollar bonds. And a variety of influential investment products. Due to the Japanese economy entering the recession in the past year, coupled with the lack of natural resources, the economy has long relied on exports, which constitutes an uncertain factor in the exchange rate of the yen. Since the yen interest is close to zero, when the dollar moves strongly, the dollar-yen yen buying will emerge to earn interest margins, which is popular with speculators.
The UK is a global oil and gas producer and one of the seven largest industrial countries in the West. It is also the largest foreign exchange, insurance finance and trade center in the world. The trend of the pound is directly affected by the flow of funds. When investors reduce their holdings of British stocks and properties, the pound will be under pressure. With the introduction of the euro, the proportion of investors holding the pound fell.
Canada is one of the seven industrial countries. It is rich in natural resources, social, political and economic environment is quite stable. The country contains a lot of minerals and energy. The agriculture is developed and the agricultural products are rich. Exporting foreign trade is an important factor affecting the Canadian dollar. When the price of oil rises, funds will flow into Canada, which will support the Canadian dollar. .
Australian dollar (AUD)
Australia is rich in natural resources and is an important exporter of minerals and agricultural products. The rise in commodity prices has caused funds to flow into Australia, which is favorable for the Australian dollar. In recent years, Asia has become Australia's main export region, so the Asian economic situation directly affects the Australian dollar.
New Zealand and Australia have similar economic bases. The New Zealand dollar is also a commodity currency, but New Zealand exports are heavily agricultural and timber, and are more affected by demand for Asian raw materials.
Swiss Franc (CHF)
The exchange rate between the Swiss franc and the euro shows a great positive correlation due to the close ties between the Swiss and European economies. That is to say, the rise of the euro will also drive the rise of the Swiss franc. The relationship between the two is the closest among all goods. Because Switzerland pursues a neutral and non-aligned policy, Switzerland is considered to be the safest place in the world. It is known as traditional safe-haven goods, and the Swiss government's protection policy for finance and foreign exchange has enabled a large amount of foreign exchange to enter Switzerland. The Swiss franc has also become a strong and popular international settlement and foreign exchange transaction. The Swiss franc has been the most stable currency in the last century and has been regarded as a safe haven currency for quite a long time, so there is almost always zero inflation in Switzerland, and the currency relies on 40% of the gold reserve.