CURRENCY PAIRS GUIDE
GLOBAL Trading in the foreign exchange markets on margin carries a high level of risk, and may not be suitable for all individuals. FXDD provides this information as an educational service to its clients and prospects and does not endorse opinions or recommendations. The information provided does not constitute investment or trading advice. The high degree of leverage offered in the Forex markets can work against you as well as for you. Before deciding to trade in the foreign exchange markets you should carefully consider your investment objectives, your level of experience, and your risk appetite. The possibility exists that you could sustain a loss of some or all of your equity and therefore you should not invest money that you cannot afford to lose. Only true discretionary cash should be used in trading. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle. CURRENCY PAIRS GUIDE
© 2013
GLOBAL TABLE OF CONTENTS MAJOR PAIRS EUR/USD...... 08 NZD/USD...... 09 GBP/USD...... 10 USD/CHF...... 11 USD/JPY...... 12 AUD/USD...... 13 USD/CAD...... 14
CROSS PAIRS AUD/CAD...... 18 AUD/JPY...... 19 AUD/NZD...... 20 CAD/JPY...... 21 CHF/JPY...... 22 EUR/AUD...... 23 EUR/CAD...... 24 EUR/CHF...... 25 EUR/GBP...... 26 EUR/JPY...... 27 EUR/TRY...... 28
GLOBAL CROSS PAIRS (CONT) GBP/AUD...... 29 GBP/CAD...... 30 GBP/CHF...... 31 GBP/JPY...... 32 NZD/JPY...... 33
COMMODITY PAIRS XAG/USD...... 36 XAU/USD...... 37
EMERGING MARKET PAIRS USD/MXN...... 40 USD/SGD...... 41 USD/TRY...... 42 USD/CNH...... 43 USD/CNY...... 44 USD/INR...... 45 USD/KRW...... 46 USD/TWD...... 47
TABLE OF CONTENTS 5 GLOBAL MAJOR PAIRS CURRENCY GUIDE
7 EUR/USD
COUNTRIES: PAIRS THAT CORRELATE: Eurozone/United States EUR/CAD, EUR/AUD, NZD/USD 2012 HIGHS & LOWS: PAIR TYPE: 1.3385/1.2041 Major DAILY AVERAGE MOVEMENT IN PIPS: 107.4
ONE-YEAR CHART: EUR/USD Weekly Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
1.340
1.320
1.300
1.280
1.260
1.240
1.220
1.200 JAN 1 FEB 12 APR 8 JUN 3 JUL 29 SEP 23 NOV 18
The EUR/USD is the pairing of the euro and the United States dollar. The EUR/USD is the most traded currency pair in the world, accounting for nearly 30% of the total daily volume in FX. This sheer volume makes it incredibly liquid. EUR/USD is highly sensitive to fundamental news announcements released by the U.S., and due to its popularity, traders can access a wealth of analytical information.
EUR USD ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: Eurozone United States CENTRAL BANK: CENTRAL BANK: European Central Bank Federal Reserve System NICKNAME: NICKNAME: Fiber Buck, Greenback % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 39.1% 84.9%
*Source: Bank for International Settlements – April 2010 GLOBAL NZD/USD
COUNTRIES: PAIRS THAT CORRELATE: New Zealand/United States EUR/USD, NZD/JPY, AUD/JPY 2012 HIGHS & LOWS: PAIR TYPE: 0.8476/0.7457 Major DAILY AVERAGE MOVEMENT IN PIPS: 121.6
ONE-YEAR CHART: NZD/USD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
0.830
0.825
0.810
0.795
0.780
0.765
0.750
JAN 10 FEB 29 APR 21 JUN 11 JUL 30 SEP 18 NOV 7
The NZD/USD is the pairing of the New Zealand dollar and the United States dollar. New Zealand’s economy is heavily dependent on exporting raw materials. As a result, the NZD’s strength correlates with the price of gold.
NZD USD ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: New Zealand United States CENTRAL BANK: CENTRAL BANK: Reserve Bank of New Zealand Federal Reserve System NICKNAME: NICKNAME: Kiwi Buck, Greenback % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 1.6% 84.9%
Major Pairs Currency Guide 9 GBP/USD
COUNTRIES: PAIRS THAT CORRELATE: United Kingdom/United States GBP/NZD, GBP/CAD, GBP/AUD 2012 HIGHS & LOWS: PAIR TYPE: 1.6309/1.5233 Major DAILY AVERAGE MOVEMENT IN PIPS: 110.4
ONE-YEAR CHART: GBP/USD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
1.620
1.605
1.590
1.575
1.560
1.545
NOV 6 1.530 JAN 9 FEB 28 APR 18 JUN 10 JUL 29 SEP 17
The GBP/USD is the pairing of the British pound and the United States dollar. Also known as “cable,” GBP/USD is the third most traded pair. Price movements in cable are known to correlate with EUR/USD. Since the pair isn’t as liquid as the EUR/USD, GBP/USD experiences more aggressive price movements when U.S. data is released. The UK boasts the second largest economy in the eurozone, after Germany.
GBP USD ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: United Kingdom United States CENTRAL BANK: CENTRAL BANK: Bank of England Federal Reserve System NICKNAME: NICKNAME: Sterling, Cable Buck, Greenback % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 12.9% 84.9%
*Source: Bank for International Settlements – April 2010 GLOBAL USD/CHF
COUNTRIES: PAIRS THAT CORRELATE: United States/Switzerland USD/SGD, AUD/CHF, USD/TRY 2012 HIGHS & LOWS: PAIR TYPE: 10.9972/0.8927 Major DAILY AVERAGE MOVEMENT IN PIPS: 121.8
ONE-YEAR CHART: USD/CHF Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
0.990
0.975
0.960
0.945
0.930
0.915
0.900
JAN 9 FEB 28 APR 21 JUN 11 JUL 30 SEP 18 NOV 7
The USD/CHF is the pairing of the United States dollar and the Swiss franc. The Swiss franc became a safe-haven currency in times of crises due to Switzerland’s history of remaining neutral in times of war. The franc remains a safe- haven currency and spikes in price can be seen during geopolitical crises.
USD CHF ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: United States Switzerland CENTRAL BANK: CENTRAL BANK: Federal Reserve System Swiss National Bank NICKNAME: NICKNAME: Buck, Greenback Swiss % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 84.9% 6.4%
Major Pairs Currency Guide 11 USD/JPY
COUNTRIES: PAIRS THAT CORRELATE: United States/Japan NZD/JPY, CAD/JPY, EUR/JPY 2012 HIGHS & LOWS: PAIR TYPE: 86.79/76.00 Major DAILY AVERAGE MOVEMENT IN PIPS: 123.8
ONE-YEAR CHART: USD/JPY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
87.00
85.50
84.00
82.50
81.00
79.50
78.00 JAN 1 NOV 18 76.50 FEB 12 APR 8 JUN 3 JUL 29 SEP 23
The USD/JPY is the pairing of the United States dollar and the Japanese yen. The USD/JPY is one of the major pair types and is the second most traded pair in the world. Japan has the third largest GDP after the United States and China. Since Japan’s economy is driven by its exports, the country prefers a weak yen to increase international sales.
USD JPY ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: United States Japan CENTRAL BANK: CENTRAL BANK: Federal Reserve System Bank of Japan NICKNAME: NICKNAME: Buck, Greenback None % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 84.9% 19%
*Source: Bank for International Settlements – April 2010 GLOBAL AUD/USD
COUNTRIES: PAIRS THAT CORRELATE: Australia/United States AUD/CAD, AUD/CHF, GBP/USD 2012 HIGHS & LOWS: PAIR TYPE: 1.0856/0.9582 Major DAILY AVERAGE MOVEMENT IN PIPS: 119.5
ONE-YEAR CHART: AUD/USD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
1.085
1.065
1.045
1.025
1.005
0.985
SEP 18 NOV 7 0.965
JAN 10 FEB 29 APR 21 JUN 11 JUL 30 SEP 18 NOV 7
The AUD/USD is the pairing of the Australian dollar and the United States dollar. The AUD/USD is considered one of the three most popular commodity pairs. Price action in this commodity pair is infl uenced by the price of Australia’s natural resources. In particular, the price of gold is known to correlate closely with AUD/USD.
AUD USD ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: Australia United States CENTRAL BANK: CENTRAL BANK: Reserve Bank of Australia Federal Reserve System NICKNAME: NICKNAME: Aussie Buck, Greenback % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 7.6% 84.9%
Major Pairs Currency Guide MAJOR PAIRS 13 USD/CAD
COUNTRIES: PAIRS THAT CORRELATE: United States/Canada USD/SGD, AUD/CHF, USD/TRY 2012 HIGHS & LOWS: PAIR TYPE: 1.0446/0.9629 Major DAILY AVERAGE MOVEMENT IN PIPS: 80.5
ONE-YEAR CHART: USD/CAD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
1.040
1.028
1.016
1.004
0.992
0.980
0.968
JAN 10 FEB 29 APR 21 JUN 11 JUL 30 SEP 18 NOV 7
The USD/CAD is the pairing of the United States dollar and the Canadian dollar. Canada’s economy is heavily dependent on exporting raw materials. As a result, the CAD’s strength correlates with the price of oil.
USD CAD ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: United States Canada CENTRAL BANK: CENTRAL BANK: Federal Reserve System Bank of Canada NICKNAME: NICKNAME: Buck, Greenback Loonie, Toonie % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 84.9% 5.3%
*Source: Bank for International Settlements – April 2010 GLOBAL NOTES
Major Pairs Currency Guide 15 GLOBAL CROSS PAIRS CURRENCY GUIDE
17 AUD/CAD
COUNTRIES: PAIRS THAT CORRELATE: Australia/Canada AUD/USD, AUD/CHF, USD/CAD 2012 HIGHS & LOWS: PAIR TYPE: 1.0781/0.9920 Cross DAILY AVERAGE MOVEMENT IN PIPS: 84.3
ONE-YEAR CHART: AUD/CAD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
1.076
1.064
1.052
1.040
1.028
1.016
1.004
0.992 JAN 10 FEB 29 APR 22 JUN 12 JUL 31 SEP 19 NOV 10
The AUD/CAD is the pairing of the Australian dollar and the Canadian dollar. The AUD and CAD are considered two of the top three commodity currencies, with AUD correlating with gold and CAD correlating with oil. These correlations create an interesting dynamic when trading AUD/CAD, as traders can use gold and oil as a safeguard or as an indicator of future price action in the pair.
AUD CAD ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: Australia Canada CENTRAL BANK: CENTRAL BANK: Reserve Bank of Australia Bank of Canada NICKNAME: NICKNAME: Aussie Loonie, Toonie % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 7.6% 5.3%
*Source: Bank for International Settlements – April 2010 GLOBAL AUD/JPY
COUNTRIES: PAIRS THAT CORRELATE: Australia/Japan NZD/JPY, CAD/JPY, CHF/JPY 2012 HIGHS & LOWS: PAIR TYPE: 89.98/74.44 Cross DAILY AVERAGE MOVEMENT IN PIPS: 150.1
ONE-YEAR CHART: AUD/JPY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
89.00
87.00
85.00
83.00
81.00
79.00
77.00
75.00 JAN 9 FEB 28 APR 21 JUN 11 JUL 30 SEP 18 NOV 7
The AUD/JPY is the pairing of the Australian dollar and the Japanese yen. The high interest rate in AUD in comparison to that of JPY makes AUD/JPY a popular pair to “carry trade.” A carry trade involves buying a currency with a high interest rate in hopes of earning profi t off the daily swap payments (although losses are certainly possible). To perform a carry trade in AUD/JPY, a trader would simply open a buy position.
AUD JPY ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: Australia Japan CENTRAL BANK: CENTRAL BANK: Reserve Bank of Australia Bank of Japan NICKNAME: NICKNAME: Aussie None % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 7.6% 19%
Cross Pairs Currency Guide 19 AUD/NZD
COUNTRIES: PAIRS THAT CORRELATE: Australia/New Zealand GBP/CHF, GBP/NZD, AUD/CHF 2012 HIGHS & LOWS: PAIR TYPE: 1.3164/1.2367 Cross DAILY AVERAGE MOVEMENT IN PIPS: 104.7
ONE-YEAR CHART: AUD/NZD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
1.312
1.300
1.288
1.276
1.264
1.252
1.240 JAN 10 FEB 29 APR 21 JUN 11 JUL 30 SEP 18 NOV 7
The AUD/NZD is the pairing of the Australian dollar and the New Zealand dollar. The Australian and New Zealand economies depend heavily on exporting raw materials, making these currencies’ strength dependent on commodity prices.
AUD NZD ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: Australia New Zealand CENTRAL BANK: CENTRAL BANK: Reserve Bank of Australia Reserve Bank of New Zealand NICKNAME: NICKNAME: Aussie Kiwi % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 7.6% 1.6%
*Source: Bank for International Settlements – April 2010 GLOBAL CAD/JPY
COUNTRIES: PAIRS THAT CORRELATE: Canada/Japan NZD/JPY, GBP/JPY, EUR/JPY 2012 HIGHS & LOWS: PAIR TYPE: 87.05/74.38 Cross DAILY AVERAGE MOVEMENT IN PIPS: 126.8
ONE-YEAR CHART: CAD/JPY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
86.50
84.50
82.50
80.50
78.50
76.50
74.50 JAN 9 FEB 28 APR 21 JUN 11 JUL 30 SEP 18 NOV 7
The CAD/JPY is the pairing of the Canadian dollar and the Japanese yen. Since Japan is the third largest net importer of oil and Canada is the sixth largest oil-producing country, oil prices have a considerable infl uence on the pair.
CAD JPY ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: Canada Japan CENTRAL BANK: CENTRAL BANK: Bank of Canada Bank of Japan NICKNAME: NICKNAME: Loonie, Toonie None % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 5.3% 19%
Cross Pairs Currency Guide 21 CHF/JPY
COUNTRIES: PAIRS THAT CORRELATE: Switzerland/Japan EUR/JPY, NZD/JPY, GBP/JPY 2012 HIGHS & LOWS: PAIR TYPE: 94.89/78.35 Cross DAILY AVERAGE MOVEMENT IN PIPS: 106.5
ONE-YEAR CHART: CHF/JPY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
94.00
91.50
89.00
86.50
84.00
81.50
79.00 JAN 9 FEB 28 APR 21 JUN 11 JUL 30 SEP 18 NOV 7
The CHF/JPY is the pairing of the Swiss franc and the Japanese yen. The Swiss franc is a safe-haven currency that gains in value during times of social and geopolitical crises, while the yen is manipulated by the export-reliant Japanese government. Japan’s dependency on exports drives the government to weaken its currency. Look for drastic moves in this pair during times of crises.
CHF JPY ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: Switzerland Japan CENTRAL BANK: CENTRAL BANK: Swiss National Bank Bank of Japan NICKNAME: NICKNAME: Swiss None % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 6.4% 19%
*Source: Bank for International Settlements – April 2010 GLOBAL EUR/AUD
COUNTRIES: PAIRS THAT CORRELATE: Eurozone/Australia EUR/JPY, EUR/USD, EUR/CHF 2012 HIGHS & LOWS: PAIR TYPE: 1.3014/1.1602 Cross DAILY AVERAGE MOVEMENT IN PIPS: 120.3
ONE-YEAR CHART: EUR/AUD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
1.290
1.265
1.240
1.215
1.190
1.165
JAN 9 FEB 28 APR 21 JUN 11 JUL 30 SEP 18 NOV 7
The EUR/AUD is the pairing of the euro and the Australian dollar. The euro is the second most traded currency after the United States dollar, and the Australian dollar is the fi fth most traded currency. As a cross currency, EUR/AUD is fairly liquid and experiences its greatest activity during the euro and U.S. sessions and when Australian data is released during the Asian session.
EUR AUD ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: Eurozone Australia CENTRAL BANK: CENTRAL BANK: European Central Bank Reserve Bank of Australia NICKNAME: NICKNAME: Fiber Aussie % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 39.1% 7.6%
Cross Pairs Currency Guide 23 EUR/CAD
COUNTRIES: PAIRS THAT CORRELATE: Eurozone/Canada EUR/GBP, EUR/JPY, CHF/JPY 2012 HIGHS & LOWS: PAIR TYPE: 1.3478/1.2125 Cross DAILY AVERAGE MOVEMENT IN PIPS: 97.4
ONE-YEAR CHART: EUR/CAD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
1.340
1.320
1.300
1.280
1.260
1.240
1.220
JAN 10 FEB 29 APR 22 JUN 12 JUL 31 SEP 19 NOV 7
The EUR/CAD is the pairing of the euro and the Canadian dollar. Canada’s economy is heavily dependent on exporting raw materials. As a result, the CAD’s strength correlates with the price of oil. This cross-currency pair experiences its greatest activity during the euro and U.S. sessions and is subject to movement based on European and Canadian news announcements.
EUR CAD ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: Eurozone Canada CENTRAL BANK: CENTRAL BANK: European Central Bank Bank of Canada NICKNAME: NICKNAME: Fiber Loonie, Toonie % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 39.1% 5.3%
*Source: Bank for International Settlements – April 2010 GLOBAL EUR/CHF
COUNTRIES: PAIRS THAT CORRELATE: Eurozone/Switzerland EUR/JPY, CAD/JPY, EUR/GBP 2012 HIGHS & LOWS: PAIR TYPE: 1.2201/1.1996 Cross DAILY AVERAGE MOVEMENT IN PIPS: 94
ONE-YEAR CHART: EUR/CHF Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
1.218
1.215
1.212
1.209
1.206
1.203
1.200 JAN 11 MAR 3 APR 22 JUN 12 JUL 31 SEP 19 NOV 10
The EUR/CHF is the pairing of the euro and the Swiss franc. As a safe-haven currency, the franc is subject to movement during times of social and geopolitical unrest. Otherwise, the pair is usually most active during the euro and U.S. sessions.
EUR CHF ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: Eurozone Switzerland CENTRAL BANK: CENTRAL BANK: European Central Bank Swiss National Bank NICKNAME: NICKNAME: Fiber Swiss % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 39.1% 6.4%
Cross Pairs Currency Guide 25 EUR/GBP
COUNTRIES: PAIRS THAT CORRELATE: Eurozone/United Kingdom EUR/CAD, EUR/JPY, CHF/JPY 2012 HIGHS & LOWS: PAIR TYPE: 0.8505/0.7756 Cross DAILY AVERAGE MOVEMENT IN PIPS: 48.4
ONE-YEAR CHART: EUR/GBP Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
0.848
0.836
0.824
0.812
0.800
0.788
0.776 JAN 10 FEB 29 APR 21 JUN 11 JUL 30 SEP 18 NOV 7
The EUR/GBP is the pairing of the euro and the British pound. Nicknamed the “chunnel,” EUR/GBP is a very popular cross instrument that experiences aggressive moves during the euro and U.S. sessions.
EUR GBP ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: Eurozone United Kingdom CENTRAL BANK: CENTRAL BANK: European Central Bank Bank of England NICKNAME: NICKNAME: Fiber Sterling, Cable % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 39.1% 12.9%
*Source: Bank for International Settlements – April 2010 GLOBAL EUR/JPY
COUNTRIES: PAIRS THAT CORRELATE: Eurozone/Japan CHF/JPY, CAD/JPY, GBP/JPY 2012 HIGHS & LOWS: PAIR TYPE: 114.694/94.075 Cross DAILY AVERAGE MOVEMENT IN PIPS: 159.1
ONE-YEAR CHART: EUR/JPY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
113.5
110.0
106.5
103.0
99.50
96.00
JAN 10 FEB 29 APR 21 JUN 11 JUL 30 SEP 18 NOV 7
The EUR/JPY is the pairing of the euro and the Japanese yen. EUR/JPY is an extremely volatile pair that can move as much as 250 pips in one trading day. The euro is the second most traded currency and the yen is the third, after the United States dollar. Nicknamed the “yuppy” or “euppy,” EUR/JPY is most active during the euro and U.S. sessions.
EUR JPY ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: Eurozone Japan CENTRAL BANK: CENTRAL BANK: European Central Bank Bank of Japan NICKNAME: NICKNAME: Fiber None % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 39.1% 19%
Cross Pairs Currency Guide 27 EUR/TRY
COUNTRIES: PAIRS THAT CORRELATE: Eurozone/Turkey N/A 2012 HIGHS & LOWS: PAIR TYPE: 2.4607/2.1808 Cross DAILY AVERAGE MOVEMENT IN PIPS: 281.7
DAILY CHART: EUR/TRY Daily Chart from February 14, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
2.420
2.380
2.340
2.300
2.260
2.220
2.180 FEB 14 APR 2 MAY 20 JUL 3 AUG 15 SEP 30 NOV 13
The EUR/TRY is the pairing of the euro and the Turkish lira. This exotic cross is affected by news releases coming out of the eurozone and economic conditions in Turkey. As an emerging market, Turkey is expected to experience rapid growth and modern industrialization. This growth may prove to have an effect on the TRY.
EUR TRY ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: Eurozone Turkey CENTRAL BANK: CENTRAL BANK: European Central Bank Central Bank of the Republic of Turkey NICKNAME: NICKNAME: Fiber None % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 39.1% 0.7%
*Source: Bank for International Settlements – April 2010 GLOBAL GBP/AUD
COUNTRIES: PAIRS THAT CORRELATE: United Kingdom/Australia GBP/NZD, GBP/CAD, GBP/USD 2012 HIGHS & LOWS: PAIR TYPE: Did not offer Cross DAILY AVERAGE MOVEMENT IN PIPS: 145
DAILY CHART: GBP/AUD Daily Chart from May 13, 2013 to July 11, 2013 on the FXDD Swordfi sh Platform.
1.690
1.650
1.620
1.590
1.560
1.530 MAY 13 MAY 25 JUN 8 JUN 22 JUL 6
The GBP/AUD is the pairing of the British pound and the Australian dollar. The pair is most active during the euro and U.S. sessions and when Australian data is released. Some notable news releases affecting the pair include the Australian RBA rate decision and gross domestic product as well as the UK trade balance and consumer price index.
GBP AUD ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: United Kingdom Australia CENTRAL BANK: CENTRAL BANK: Bank of England Reserve Bank of Australia NICKNAME: NICKNAME: Sterling, Cable Aussie % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 12.9% 7.6%
Cross Pairs Currency Guide 29 GBP/CAD
COUNTRIES: PAIRS THAT CORRELATE: United Kingdom/Canada GBP/USD, GBP/NZD, GBP/AUD 2012 HIGHS & LOWS: PAIR TYPE: Did not offer Cross DAILY AVERAGE MOVEMENT IN PIPS: 90.4
DAILY CHART: GBP/CAD Daily Chart from May 13, 2013 to July 11, 2013 on the FXDD Swordfi sh Platform.
1.620
1.605
1.590
1.575
1.560
1.545 MAY 13 MAY 25 JUN 8 JUN 22 JUL 6
The GBP/CAD is the pairing of the British pound and the Canadian dollar. This pair is most active during the euro and U.S. sessions. Some notable news releases affecting the pair include the Bank of Canada rate decision and Ivey purchasing managers index as well as the UK trade balance and consumer price index.
GBP CAD ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: United Kingdom Canada CENTRAL BANK: CENTRAL BANK: Bank of England Bank of Canada NICKNAME: NICKNAME: Sterling, Cable Loonie, Toonie % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 12.9% 5.3%
*Source: Bank for International Settlements – April 2010 GLOBAL GBP/CHF
COUNTRIES: PAIRS THAT CORRELATE: United Kingdom/Switzerland GBP/NZD, AUD/NZD, GBP/USD 2012 HIGHS & LOWS: PAIR TYPE: 1.5484/1.4177 Cross DAILY AVERAGE MOVEMENT IN PIPS: 131.9
ONE-YEAR CHART: GBP/CHF Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
1.540
1.520
1.500
1.480
1.460
1.440
1.420 JAN 9 FEB 28 APR 21 JUN 11 JUL 30 SEP 18 NOV 7
The GBP/CHF is the pairing of the British pound and the Swiss franc. As a safe-haven currency, the franc is subject to movement during times of social and geopolitical unrest. Some notable news releases affecting the pair include the Swiss National Bank monetary policy assessment and consumer price index as well as the UK trade balance and retail sales.
GBP CHF ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: United Kingdom Switzerland CENTRAL BANK: CENTRAL BANK: Bank of England Swiss National Bank NICKNAME: NICKNAME: Sterling, Cable Swiss % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 12.9% 6.4%
Cross Pairs Currency Guide 31 GBP/JPY
COUNTRIES: PAIRS THAT CORRELATE: United Kingdom/Japan CAD/JPY, CHF/JPY, EUR/JPY 2012 HIGHS & LOWS: PAIR TYPE: 141.01/117.3 Cross DAILY AVERAGE MOVEMENT IN PIPS: 176.6
ONE-YEAR CHART: GBP/JPY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
139.5
136.5
133.5
130.5
127.5
124.5
121.5
118.5 JAN 9 FEB 28 APR 21 JUN 11 JUL 30 SEP 18 NOV 7
The GBP/JPY is the pairing of the British pound and the Japanese yen. Also known as the “gopher” or “geppy,” the GBP/JPY is extremely volatile and can move up to 350 pips in a single trading day.
GBP JPY ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: United Kingdom Japan CENTRAL BANK: CENTRAL BANK: Bank of England Bank of Japan NICKNAME: NICKNAME: Sterling, Cable None % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 12.9% 19%
*Source: Bank for International Settlements – April 2010 GLOBAL NZD/JPY
COUNTRIES: PAIRS THAT CORRELATE: New Zealand/Japan CAD/JPY, AUD/JPY, CHF/JPY 2012 HIGHS & LOWS: PAIR TYPE: Did not offer Cross DAILY AVERAGE MOVEMENT IN PIPS: 152.6
DAILY CHART: NZD/JPY Daily Chart from February 14, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
70.50
68.50
66.50
64.50
62.50
60.50
58.50
FEB 14 APR 3 MAY 20 JUL 3 AUG 15 SEP 30 NOV 13
The NZD/JPY is the pairing of the New Zealand dollar and the Japanese yen. The difference in interest rates between NZD and JPY makes NZD/JPY a popular pair to “carry trade.” A carry trade involves buying a currency with a high interest rate in hopes of earning profi t off the daily swap payments (although losses are certainly possible).
NZD JPY ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: New Zealand Japan CENTRAL BANK: CENTRAL BANK: Reserve Bank of New Zealand Bank of Japan NICKNAME: NICKNAME: Kiwi None % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 1.6% 19%
Cross Pairs Currency Guide 33 GLOBAL COMMODITY PAIRS CURRENCY GUIDE
35 XAG/USD
COUNTRIES: PAIRS THAT CORRELATE: Silver/United States XAU/USD 2012 HIGHS & LOWS: PAIR TYPE: 37.48/26.11 Commodity DAILY AVERAGE MOVEMENT IN PIPS: 7.1
ONE-YEAR CHART: XAG/USD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
38.00
36.00
34.00
32.00
30.00
28.00
26.00 JAN 11 MAR 3 APR 22 JUN 12 JUL 31 SEP 19 NOV 10
XAG/USD conveys the value of silver USD compared to the United States dollar. The ADDITIONAL INFO silver instrument correlates closely to gold COUNTRY: but, unlike gold, can be traded for a smaller United States spread cost. Savvy traders can attempt CENTRAL BANK: to profi t from fl uctuations in the price Federal Reserve System of metals or use these instruments as a NICKNAME: safeguard against infl ation or commodity Buck, Greenback pairs. % OF AVERAGE DAILY TURNOVER:* 84.9%
*Source: Bank for International Settlements – April 2010 GLOBAL XAU/USD
COUNTRIES: PAIRS THAT CORRELATE: Gold/United States XAG/USD 2012 HIGHS & LOWS: PAIR TYPE: 1795.52/1526.82 Commodity DAILY AVERAGE MOVEMENT IN PIPS: 317.5
ONE-YEAR CHART: XAU/USD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
1,800.00
1,760.00
1,710.00
1,660.00
1,600.00
1,560.00
1,520.00 JAN 1 JAN 31 MAR 21 MAY 14 JUL 7 AUG 26 OCT 15 DEC 4
XAU/USD conveys the value of gold USD compared to the United States dollar. ADDITIONAL INFO Savvy traders can attempt to profi t from COUNTRY: fl uctuations in the price of metals or use United States these instruments as a safeguard against CENTRAL BANK: infl ation or commodity pairs. Federal Reserve System NICKNAME: Buck, Greenback % OF AVERAGE DAILY TURNOVER:* 84.9%
Commodity Pairs Currency Guide 37 CURRENCY GUIDE
GLOBAL EMERGING MARKET PAIRS CURRENCY GUIDE
39 USD/MXN
COUNTRIES: PAIRS THAT CORRELATE: United States/Mexico N/A 2012 HIGHS & LOWS: PAIR TYPE: 14.597/12.548 Emerging DAILY AVERAGE MOVEMENT IN PIPS: 168.8
ONE-YEAR CHART: USD/MXN Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
14.5500
14.2500
13.9500
13.7000
13.4000
13.1000
12.7767
12.5500 JAN 9 FEB 28 APR 21 JUN 11 JUL 30 SEP 18 NOV 7
The USD/MXN is the pairing of the United States dollar and the Mexican peso. Mexico is an emerging power. Experts at Goldman Sachs have anticipated Mexico becoming the fi fth largest economy in the world by 2050. As Mexico continues to develop, investors eagerly anticipate the future of this pair.
USD MXN ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: United States Mexico CENTRAL BANK: CENTRAL BANK: Federal Reserve System Bank of Mexico NICKNAME: NICKNAME: Buck, Greenback N/A % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 84.9% 1.3%
*Source: Bank for International Settlements – April 2010 GLOBAL USD/SGD
COUNTRIES: PAIRS THAT CORRELATE: United States/Singapore N/A 2012 HIGHS & LOWS: PAIR TYPE: 1.3003/1.2150 Emerging DAILY AVERAGE MOVEMENT IN PIPS: 56.9
ONE-YEAR CHART: USD/SGD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
1.2940
1.2820
1.2720
1.2600
1.2480
1.2380
1.2260
1.2140 FEB 14 APR 4 MAY 21 JUL 4 AUG 18 OCT 1 NOV 14
The USD/SGD is the pairing of the United States dollar and the Singapore dollar. The difference in interest rates between USD and SGD makes USD/SGD a popular pair to “carry trade.” A carry trade involves buying a currency with a high interest rate in hopes of earning profi t off the daily swap payments (although losses are certainly possible).
USD SGD ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: United States Singapore CENTRAL BANK: CENTRAL BANK: Federal Reserve System Monetary Authority of Singapore NICKNAME: NICKNAME: Buck, Greenback N/A % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 84.9% 1.4%
Emerging Market Pairs Currency Guide 41 USD/TRY
COUNTRIES: PAIRS THAT CORRELATE: United States/Turkey N/A 2012 HIGHS & LOWS: PAIR TYPE: 1.8976/1.7333 Emerging DAILY AVERAGE MOVEMENT IN PIPS: 18.6
ONE-YEAR CHART: USD/TRY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
1.8950
1.8700
1.8450
1.8250
1.8000
1.7800
1.7550
1.7300 JAN 10 FEB 29 APR 22 JUL 12 AUG 18 SEP 18 NOV 7
The USD/TRY is the pairing of the United States dollar and the Turkish lira. As an emerging market, Turkey is expected to experience rapid growth and modern industrialization. Turkey has experienced a dramatic increase in its GDP since 2001 even throughout the period of global recession. This growth may prove to have an effect on the TRY.
USD TRY ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: United States Turkey CENTRAL BANK: CENTRAL BANK: Federal Reserve System Central Bank of the Republic of Turkey NICKNAME: NICKNAME: Buck, Greenback None % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 84.9% 0.7%
*Source: Bank for International Settlements – April 2010 GLOBAL USD/CNH
COUNTRIES: PAIRS THAT CORRELATE: United States/China N/A 2012 HIGHS & LOWS: PAIR TYPE: 6.3934/6.2012 Emerging DAILY AVERAGE MOVEMENT IN PIPS: 172.9
ONE-YEAR CHART: USD/CNH Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
6.460
6.420
6.380
6.330
6.290
6.250
6.210
FEB 14 APR 3 MAY 20 JUL 3 AUG 15 SEP 30 NOV 13
The USD/CNH is the pairing of the United States Dollar and the Chinese offshore renminbi. China is one of the BRIC countries. Considered one of the “Big Four,” China is the largest emerging market in terms of GDP. Since 2005, the yuan has been pegged to the United States dollar. The Chinese government is expected to increase the fl exibility of the exchange rates in the future, which may result in price spikes in the pair.
USD CNH ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: United States China CENTRAL BANK: CENTRAL BANK: Federal Reserve System People’s Bank of China NICKNAME: NICKNAME: Buck, Greenback Offshore Renminbi % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 84.9% 0.9%
Emerging Market Pairs Currency Guide 43 USD/CNY
COUNTRIES: PAIRS THAT CORRELATE: United States/China N/A 2012 HIGHS & LOWS: PAIR TYPE: 6.3540/6.2434 Emerging DAILY AVERAGE MOVEMENT IN PIPS: 83.9
ONE-YEAR CHART: USD/CNY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
6.3500
6.3300
6.3050
6.2800
6.2600
6.2400
6.2150
6.1950 FEB 14 APR 1 MAY 16 JUL 3 AUG 15 SEP 29 NOV 12
The USD/CNY is the pairing of the United States dollar and the Chinese yuan. China is one of the BRIC countries. Considered one of the “Big Four,” China is the largest emerging market in terms of GDP. Since 2005, the yuan has been pegged to the United States dollar. The Chinese government is expected to increase the fl exibility of the exchange rates in the future, which may result in price spikes in the pair.
USD CNY ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: United States China CENTRAL BANK: CENTRAL BANK: Federal Reserve System People’s Bank of China NICKNAME: NICKNAME: Buck, Greenback Onshore Renminbi % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 84.9% 0.9%
*Source: Bank for International Settlements – April 2010 GLOBAL USD/INR
COUNTRIES: PAIRS THAT CORRELATE: United States/India N/A 2012 HIGHS & LOWS: PAIR TYPE: 57.50/48.49 Emerging DAILY AVERAGE MOVEMENT IN PIPS: 43.7
ONE-YEAR CHART: USD/INR Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
57.20
56.00
54.80
53.60
52.40
51.20
50.00
48.60 FEB 14 APR 4 MAY 21 JUL 4 AUG 18 OCT 1 NOV 14
The USD/INR is the pairing of the United States dollar and the Indian rupee. India is one of the four largest emerging markets, known as the BRIC countries. According to the 2010 BIS Triennial Central Bank Survey, the rupee grew 42% since 2008. As the country continues to develop, the rupee may appreciate even more.
USD INR ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: United States India CENTRAL BANK: CENTRAL BANK: Federal Reserve System Reserve Bank of India NICKNAME: NICKNAME: Buck, Greenback None % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 84.9% 0.9%
Emerging Market Pairs Currency Guide 45 USD/KRW
COUNTRIES: PAIRS THAT CORRELATE: United States/South Korea N/A 2012 HIGHS & LOWS: PAIR TYPE: 1186.60/1062.35 Emerging DAILY AVERAGE MOVEMENT IN PIPS: 941.9
ONE-YEAR CHART: USD/KRW Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
1,185.00
1,165.00
1,150.00
1,130.00
1,115.00
1,095.00
1,080.00
1,060.00 JAN 10 APR 3 MAY 20 JUL 3 AUG 15 SEP 30 NOV 13
The USD/KRW is the pairing of the United States dollar and the South Korean won. The won was initially pegged to the dollar at 15 won per dollar but adopted a free-fl oating exchange rate in 1980. South Korea’s economy has been rapidly growing since the 1960s and continues to expand along with the other Asian Tigers.
USD KRW ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: United States South Korea CENTRAL BANK: CENTRAL BANK: Federal Reserve System Bank of Korea NICKNAME: NICKNAME: Buck, Greenback None % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 84.9% 1.5%
*Source: Bank for International Settlements – April 2010 GLOBAL USD/TWD
COUNTRIES: PAIRS THAT CORRELATE: United States/Taiwan N/A 2012 HIGHS & LOWS: PAIR TYPE: 30.32/28.83 Emerging DAILY AVERAGE MOVEMENT IN PIPS: 12.7
ONE-YEAR CHART: USD/TWD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfi sh Platform.
30.20
30.00
29.80
29.60
29.40
29.20
29.00
28.85 MAR 4 APR 16 JUN 3 JUL 14 AUG 25 OCT 6 NOV 17 DEC 8
The USD/TWD is the pairing of the United States dollar and the Taiwan dollar. Known as one of the “Four Asian Tigers,” Taiwan experienced rapid industrialization and economic growth during the latter half of the twentieth century. This period of time is known as the Taiwan Miracle. Taiwan imports its energy needs due to its lack of natural resources, and therefore the TWD may be affected by oil prices.
USD TWD ADDITIONAL INFO ADDITIONAL INFO COUNTRY: COUNTRY: United States Taiwan CENTRAL BANK: CENTRAL BANK: Federal Reserve System Central Bank of the Republic of China NICKNAME: NICKNAME: Buck, Greenback Kuài % OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:* 84.9% 0.5%
Emerging Market Pairs Currency Guide 47 CONTACT INFORMATION
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GLOBAL NOTES
NOTES 49 GLOBAL
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