Understanding asset correlations can give traders a strategic edge in Forex and Crypto markets.
The Australian Dollar (AUD) correlates with metals like gold, while the Canadian Dollar (CAD) moves with oil prices.
The Japanese Yen (JPY) acts as a safe haven against global stock indices, and Bitcoin’s correlation with the S&P 500 (SPX) is increasing.
Recognizing these connections enables traders to predict market shifts and refine their strategies.
