{"id":9768,"date":"2022-10-13T04:46:34","date_gmt":"2022-10-13T04:46:34","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=9768"},"modified":"2022-10-13T04:46:34","modified_gmt":"2022-10-13T04:46:34","slug":"how-to-trade-fundamentals-with-currency-crosses","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/10\/13\/how-to-trade-fundamentals-with-currency-crosses\/","title":{"rendered":"How to Trade Fundamentals With Currency Crosses"},"content":{"rendered":"\n<p>If strong economic data comes out of Australia, you might want to look at buying the AUD. Your first reaction might be to buy&nbsp;<strong>AUD\/USD<\/strong>.<\/p>\n\n\n\n<p>But what if at the same time, recent data also show the United States experiencing strong economic growth? The\u00a0price action\u00a0of AUD\/USD may be flat.<\/p>\n\n\n\n<p>One option that you have is to match the AUD against the currency of an economy that isn\u2019t doing so well\u2026<\/p>\n\n\n\n<p>Hmmm\u2026 what could you do?<\/p>\n\n\n\n<p>Ah! Thank the forex gods for currency crosses!<\/p>\n\n\n\n<p>Let\u2019s say you did some analysis, checked the BabyPips.com\u00a0economic calendar\u00a0(shameless plug!) and you notice that the Japanese economy isn\u2019t doing so good right now.<\/p>\n\n\n\n<p>What do you do?<\/p>\n\n\n\n<p>Of course, like any self-respecting bully, you jump all over this opportunity and go long&nbsp;<strong>AUD\/JPY<\/strong>!<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><a href=\"https:\/\/bpcdn.co\/images\/2010\/11\/audjpy-vs-audusd.png\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2010\/11\/audjpy-vs-audusd.png\" alt=\"AUDJPY vs AUDUSD\" class=\"wp-image-106157\"\/><\/a><\/figure>\n\n\n\n<p>In the chart above, notice the&nbsp;<strong>relative strength<\/strong>&nbsp;of AUD\/JPY vs. AUD\/USD.<\/p>\n\n\n\n<p>You\u2019re not limited to just these currency pairs, you could\u2019ve compared AUD against like EUR, GBP, and CAD.<\/p>\n\n\n\n<p>From there, you can look for the&nbsp;<em>weakest&nbsp;<\/em>currency to trade against.<\/p>\n\n\n\n<p>There\u2019s nothing wrong with being a bully, at least not here at the School of Pipsology.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade15-bully.png\" alt=\"Trade Strong Economies Against Weak Economies With Currency Crosses\" title=\"Trade Strong Economies Against Weak Economies With Currency Crosses\"\/><\/figure>\n\n\n\n<p>It\u2019s your job as a forex trader to take advantage of certain opportunities so that you can put some silver dollars into your piggy bank.<\/p>\n\n\n\n<p>Because of currency crosses, you now have the opportunity to match the currency of the best-performing economy against that of the weakest economy without having to deal with the U.S. dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If strong economic data comes out of Australia, you might want to look at buying the AUD. Your first reaction might be to buy&nbsp;AUD\/USD. But what if at the same time, recent data also show the United States experiencing strong economic growth? The\u00a0price action\u00a0of AUD\/USD may be flat. One option that you have is to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[879],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/9768"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=9768"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/9768\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=9768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=9768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=9768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}