💱 EURUSD (€/$) -TRADERS' GUIDE

ℹ️ Representing nearly 25% of total market turnover, EURUSD is the most traded currency pair worldwide. Historically, EURUSD has traded in a general range between 0.80 and 1.60.

✅ The euro makes up 57.6% of the US Dollar Index.

✅ EURUSD is positively correlated with GBPUSD and AUDUSD, and negatively correlated with USDCHF.

✅ EUR/USD (like GBP/USD) is most active and liquid between 8:00 a.m. and 12:00 p.m. EST, when both the U.S. and European markets are open.

Table: EURUSD average monthly returns for the period 2000–2018.

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💱 USDCAD INFO & STATISTICS

ℹ️ The Canadian Dollar is a commodity currency, as Canada is a major exporter of oil, gas, and metals. Canada exports about 2 million barrels of oil daily to the United States, and 85% of its total exports go to the U.S.

✅ Canada is a major exporter of oil, gas, and metals, making the Canadian dollar closely linked to crude prices. 🔗 Information About Crude Oil Trading

✅ Canada is a member of both the G7 and the G20. The G7 includes the United States, France, Germany, Italy, Japan, Canada, and the United Kingdom.

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💱 GBPUSD (£/$) -TRADERS' GUIDE

ℹ️ The British Pound Sterling is the oldest actively traded currency in the global Forex market, and London is the largest Forex center worldwide. GBP/USD accounts for 11.4% of the Forex market volume.

✅ The British Pound makes up 11.9% of the US Dollar Index.

✅ GBP/USD is one of the three most liquid pairs in the Forex market, along with EURUSD and USDJPY, and a favorite pair for Forex scalpers and day traders.

✅ GBP/USD performs exceptionally well in April.

✅ The best time to trade GBPUSD, based on the average historic volatility, occurs between 08.00 GMT and 15.00 GMT {Eastern Time = GMT - 05:00}.

Table: GBP/USD Average Monthly Returns (for the period 2000–2018)

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💱 AUDUSD INFO & STATISTICS

ℹ️ The Australian Dollar versus the US Dollar. AUDUSD is the 4th most active currency pair globally, representing 6.4% of the foreign exchange market volume.

✅ Australia is a major exporter of commodities, especially Gold, making the Australian dollar a commodity currency.

✅ The Australian dollar is not included in the US Dollar Index.

✅ AUDUSD is positively correlated with the price of Gold (XAUUSD).

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💱 USDJPY ($/¥) INFO & STATISTICS

ℹ️ The US Dollar versus the Japanese Yen (USDJPY) is the second most traded Forex pair globally, representing 21.8% of the foreign exchange market volume. USDJPY is highly dynamic, offering strong volatility and smooth trends.

✅ The Japanese Yen makes up 13.6% of the US Dollar Index.

✅ Japan’s economy is heavily export-oriented, so the Bank of Japan (BoJ) is unlikely to let the Yen stay overvalued for long.

✅ Historically, USDJPY moves in the same direction as U.S. markets (S&P 500, DJIA, NASDAQ) and is also influenced by Japan’s commodity trading.

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💱 NZDUSD INFO & STATISTICS

ℹ️ The New Zealand Dollar versus the US Dollar. The NZD traditionally offers high interest rates, attracting carry traders. Despite the small size of New Zealand’s economy, NZDUSD is a fairly liquid Forex pair, accounting for 1.9% of the foreign exchange market volume.

✅ The New Zealand Dollar is the official currency of New Zealand, the Cook Islands, Tokelau, Niue, and the Pitcairn Islands.

✅ New Zealand’s economy relies heavily on exports of commodities like wood, meat, fish, and dairy, making the NZD a commodity currency.

✅ The New Zealand Dollar’s historically high interest rates make it attractive to carry traders.

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💱 USDCHF ($/₣) INFO & STATISTICS

ℹ️ The US Dollar versus the Swiss Franc, which represents 4.4% of the foreign exchange market volume. The Swiss Franc is the official currency of Switzerland, Liechtenstein, and Campione d’Italia.

✅ The Swiss Franc accounts for 3.6% of the US Dollar Index.

✅ USDCHF is negatively correlated with  EURUSD.

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💱 EURGBP (€/£) INFO & STATISTICS

ℹ️ EURGBP trades within a range of 0.57 to 0.98 but can experience long periods of upward or downward trends. It represents 2.4% of the foreign exchange market volume.

✅ EURGBP is liquid but not highly volatile and is often considered the unofficial 8th major currency pair.

✅ Historically, EURGBP has a negative correlation with GBPCHF.

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