Forex Smart Trade Results, Thursday, June 13, 2024 – $7,992
Forex Smart Trade Results, Wednesday, June 12, 2024 – $8,256
June 30, 2024
Forex Smart Trade Results, Friday, June 14, 2024 – $196
June 30, 2024
How Gold Affects AUD/USD and USD/CHF – Continued.
Gold and USD/CHF
Across the seven seas, Switzerland’s currency, the Swiss franc, also has a strong link with gold. Using the dollar as base currency, the USD/CHF usually climbs when the price of gold slides.
Conversely, the pair dips when the price of gold goes up.
Unlike the Australian dollar, the reason why the Swiss franc moves along with gold is that more than 25% of Switzerland’s money is backed by gold reserves.
Gold has a negative correlation with USD/CHF.
When gold goes up, USD/CHF goes down. When gold goes down, USD/CHF goes up.
Isn’t that awesome?
Keep in mind that that this correlation is not set in stone and may change in the future.
The relationship between gold and major currencies is just ONE of the many that we will tackle. Keep reading!
Learn to Trade Forex
If you’d like to earn extra income trading on the Forex market, consider learning how to currency trade with Forex Smart Trade. With their super-accurate proprietary trading tools and best-in-the-business, personalized one-on-one training, you’ll be successful. Check out the Forex Smart Trade webinar. It shows one of their trader’s trading and how easy, intuitive, and accurate the tools are. Or try the Forex Smart Trade Introductory Day Trading Trial for just TEN dollars.
Currency trading is very risky. My results are not typical. We provide a trading trial so you can assess the value of our indicators and training for yourself.
