Intermarket analysis forex

Intermarket analysis forex

Author: Reginald Date: 27.06.2017

Oil is the drug that runs through the veins of the global economy as it is a major source of energy.

Intermarket Analysis

Demand for oil might fall, which could hurt demand for the CAD. And to make the correlation clearer, we can. Check it out in the chart below:.

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So, the next time you gas up your car and see that oil prices are rising, you can use this information to your advantage! Some forex brokers allow you to trade gold, oil, and other commodities. There, you can readily pull up their charts using their intermarket analysis forex. You can also monitor the prices of gold on Bloomberg.

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If you want to learn more about gold and other commodities, I suggest you ask our comdoll expert Happy Pip. Since she trades the commodity currencies, she often includes the price action of gold and oil in her analysis.

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intermarket analysis forex
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