The US Dollar against the Swiss Franc (USDCHF) accounts for 4.4% of the total Foreign Exchange market volume.
- CHF weights 3.6% in the US Dollar Index
- The Swiss Franc is the is used in Switzerland, Liechtenstein, and Campione d’ Italia.
■ USDCHF TRADING INFO
The best time to trade USDCHF: is between 13:00 GMT and 14:00 GMT
Best Months to go Long: NO
Best Months to go Short: JUNE | DECEMBER
Positive Correlations: USDJPY | GBPJPY
Negative Correlations: EURUSD | GBPUSD | AUDUSD
The US Dollar against the Canadian Dollar (USDCAD) is a medium-volatility financial asset and a relatively liquid Forex pair. USDCAD is highly correlated to the price of crude oil.
■ USDCAD TRADING
Canada is a major commodity exporter, and that includes crude oil, natural gas, ferrous metals, and non-ferrous metals. Canada exports about 2 million oil barrels to the United States daily. Overall, 85% of all Canadian exports are going to the United States.
Best Time to Trade: between 01:00 GMT and 09.00 GMT
Best Months to go Long: OCTOBER
Best Months to go Short: APRIL
Correlations: CRUDE OIL ( a positive correlation of 0.75-0.80)
The Australian Dollar against the US Dollar (AUDUSD) is a highly volatile Forex pair when measured on a daily basis.
- AUDUSD accounts for 6.5% of the total Foreign Exchange market volume
- AUDUSD has had an 80% positive correlation to the price of gold and a 90% positive correlation to the New Zealand dollar
- During the past two decades, the correlation between copper and Aussie is more than 70%
■ AUDUSD TRADING INFO
Best Time to Trade: between 19:00 GMT and 04:30 (GMT).
Best Months to go Long: APRIL | JUNE
Best Months to go Short: MAY | AUGUST
Correlations: EURUSD | NZDUSD | XAUUSD
The New Zeeland Dollar against the US Dollar (NZDUSD) is a highly-volatile Forex pair on a day-to-day basis.
- New Zealand is a major exporter of raw materials, and NZD is a commodity currency
- The New Zealand Dollar is the official currency of New Zealand, Tokelau, Cook Islands, Pitcairn Islands, and Niue
- NZDUSD accounts of about 1.9% of the toal Forex market volume
■ NZDUSD TRADING INFO
Best Time to Trade: during the Asian session {between 24:00 to 02:00 GMT & 06:00 to 08:00 GMT}
Best Months to go Long: APRIL | DECEMBER | JUNE
Best Months to go Short: AUGUST | MAY
Positive Correlations: EURUSD | AUDUSD