{"id":202,"date":"2011-03-09T12:49:45","date_gmt":"2011-03-09T16:49:45","guid":{"rendered":"http:\/\/tradecurrencynow.com\/managed-forex-accounts\/?p=202"},"modified":"2011-11-12T20:47:53","modified_gmt":"2011-11-13T00:47:53","slug":"correlations","status":"publish","type":"post","link":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/correlations\/","title":{"rendered":"Forex Currency Correlations"},"content":{"rendered":"<p>As any long term professional Forex currency trader will tell you, correlations are one of the most important factors when trying to confirm currency trends.<\/p>\n<p>Today we will take a look at the closely related tie between the Australian dollar and gold. Due mostly to the fact that Australia remains a major producer and exporter of the yellow metal, the correlation is an opportunity that not only exists, but is one that traders on every level can capitalize on. Let&#8217;s take a look at why this relationship exists, and how you can use it to produce solid gold returns.<\/p>\n<p>The U.S. dollar\/crude oil relationship exists for one simple reason: the commodity is priced in dollars. However, the same cannot be said about the Aussie correlation. The gold\/Australian dollar relationship stems from production. As of 2008, Australia was ranked as the fourth-largest gold producer in the world, coming in behind China, South Africa and the United States. Even though it may not be the largest producer, the &#8220;Land Down Under&#8221; produces an estimated 225 metric tons of gold per year, according to the consultancy firm GFMS. As a result, it is only natural that the underlying currency of a major commodity producer follows a similar pattern to that commodity. With the ebb and flow of production, the exchange rate will follow supply and demand as money exchanges hands between miner and manufacturer. <\/p>\n<p>Anthony DiChi at TradeCurrencyNow,<br \/>\nAmerica&#8217;s <a href=\"http:\/\/www.tradecurrencynow.com\/news\/forexnewsinformationsignals.php\" target=\"_blank\">Forex News<\/a> and currency information source.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As any long term professional Forex currency trader will tell you, correlations are one of the most important factors when trying to confirm currency trends. Today we will take a look at the closely related tie between the Australian dollar and gold. Due mostly to the fact that Australia remains a major producer and exporter [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[],"class_list":["post-202","post","type-post","status-publish","format-standard","hentry","category-forex-pro-currency-trading-help-blog","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8riK9-3g","_links":{"self":[{"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/posts\/202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/comments?post=202"}],"version-history":[{"count":4,"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/posts\/202\/revisions"}],"predecessor-version":[{"id":966,"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/posts\/202\/revisions\/966"}],"wp:attachment":[{"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/media?parent=202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/categories?post=202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/tags?post=202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}