commodity linked currencies

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anurag bhargava
568
anurag bhargava  
among 8 major currency, what all are commodity linked
Sergey Golubev
Moderator
106753
Sergey Golubev  

It depends on the broker (every broker is having its own set of symbols) - for example:





anurag bhargava
568
anurag bhargava  
Sergey Golubev:

It depends on the broker (every broker is having its own set of symbols) - for example:






i mean which currency prices affect the price of commodities like silver and gold.
Roberto Jacobs
49890
Roberto Jacobs  
anurag bhargava:

i mean which currency prices affect the price of commodities like silver and gold.

Currency price of the country with the most exports and imports of silver and gold.

anurag bhargava
568
anurag bhargava  
Roberto Jacobs:

Currency price of the country with the most exports and imports of silver and gold.


and how to get that details
Sergey Golubev
Moderator
106753
Sergey Golubev  

The other way is to use correlation:

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Indicators: MFCS Currency Correlation Chart

Sergey Golubev, 2014.02.04 09:27

Australian Dollar Strongly Correlated to Gold, Silver, Steel Prices (based on this article)

View forex correlations to the SPDR Gold ETF Trust (GLD), United States Oil Fund ETF (USO), SPDR Dow Jones Industrial Average ETF Trust (DIA), UK FTSE 100 Index, and IShares Silver Trust ETF (SLV) prices:


XAUUSD/AUDUSD :



XAGUSD/EURUSD :



XAGUSD/USDCAD :




Sergey Golubev
Moderator
106753
Sergey Golubev  

For example (if you check the images above): Gold and AUD/USD are having almost perfect correlation on W1 timeframe.
Silver is in negative correlation with USD/CAD for example.
And so on ... (you can check it by yourself).

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