“currency Pairs To Watch: Maximizing Forex Profit In The Australian Market”

“currency Pairs To Watch: Maximizing Forex Profit In The Australian Market” – Foreign exchange on margin carries an hourly level of risk, and may not be suitable for all investors. You should carefully consider your investment objectives, level of experience and appetite before deciding to trade forex. You can retain some or all of the loss of your initial investment and should not invest money that you cannot afford to lose. Foreign exchange on margin carries an hourly level of risk, and may not be suitable for all investors. You should carefully consider your investment objectives, level of experience and appetite before deciding to trade forex. You can retain some or all of the loss of your initial investment and should not invest money that you cannot afford to lose.

Volatile currency pairs can provide many opportunities for profit Learn more about forex volatility by naming some of the most volatile currency pairs and how to profit from their price movements.

“currency Pairs To Watch: Maximizing Forex Profit In The Australian Market”

Highly volatile currency pairs offer attractive prospects for profit because their price movements can be more dramatic than those of less volatile pairs Although increased volatility may provide greater scope for profit, it may also increase a trader’s exposure to risk.

Top 10 Most Volatile Currency Pairs

Basically speaking, volatile pairs are affected by the same drivers as their less volatile counterparts These include interest rate differentials, geopolitical policies, the financial strength of each currency issuing country, and the value of these nations’ imports and exports.

That being said, there are a few things to keep in mind before opening a position on a volatile currency pair The key thing to remember is that volatile currency pairs often have lower levels of liquidity than their less volatile counterparts because not every trader has the risk to take a position in a volatile market. However, with a well thought out trading plan and risk management strategy, there is little to fear from volatile currency pairs.

It is difficult to compile a definitive list of the most volatile currency pairs, mainly because volatility can affect different currency pairs at different times. This is because of the previously mentioned factors, which can increase or decrease the value of a currency pair However, some currency pairs have historically experienced volatility

The first volatile currency pair on our list is AUD/JPY, which represents a pair of the Australian dollar against the Japanese yen. The pair enjoys hh volatility due to the inverse relationship between the Australian dollar and the Japanese yen.

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The Australian dollar is a pegged currency, meaning its value is linked to the value and volume of Australia’s exports, particularly minerals, metals and, to a lesser extent, agricultural products. In contrast, the Japanese yen is considered a safe haven, meaning investors often turn to it during times of economic hardship – something they don’t do with the Australian dollar.

As a result, the price movement of this pair can be quite dramatic depending on the current global economic outlook. The graph below shows the volatility in the AUD/JPY pair since September 2017

NZD/JPY is a pair of the New Zealand dollar against the Japanese yen The New Zealand dollar, like the Australian dollar, is a commodity currency and its value is closely linked to the price of New Zealand’s agricultural exports, which can make the pair particularly volatile.

Some of the major exports from New Zealand are milk, eggs, meat, timber and honey Consequently, any changes in the prices of these markets will affect the value of the NZD against the Japanese Yen.

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GBP/EUR is the British pound’s counterpart to the euro, and the pair has seen continued volatility following Brexit. This is particularly true of any major policy announcement or important vote in the UK House of Commons.

For example, the pound rose against the euro after the first defeat of Theresa May’s Brexit deal in the Commons in January 2019. Volatility in the pair could ease if the EU agrees to a withdrawal deal, but no consensus has yet been reached.

CAD/JPY pairs the Canadian dollar and the Japanese yen The yen is seen as a safe haven, and the Canadian dollar is a commodity currency whose value is heavily influenced by oil prices in the stock market.

In addition, Japan is a major importer of oil, which means that as the price of oil increases, the purchase price of the Canadian dollar, along with the yen, tends to rise. This is because as the price of oil rises, more yen must be converted to CAD to buy a barrel of oil, with this increase the CAD/JPY price will rise.

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For example, if oil supplies from other countries in the world were to decrease, the price of Canadian oil exports would likely increase, which would cause the Canadian dollar to appreciate against the yen.

As oil has a reputation as one of the most volatile commodities in the world, traders interested in the CAD/JPY pair should monitor the oil market and any relevant news releases, as this is sure to affect the volatility of the pair. .

The GBP/AUD pair consists of the British Pound and the Australian Dollar Historically, these two currencies have been linked, particularly as Australia is part of the Commonwealth of Nations. However, being a pegged currency – as previously mentioned – the value of the AUD is highly correlated with the value of Australia’s exports.

One effect of the US trade war with China is that Australian imports to the Chinese market have declined. As China is one of Australia’s major trading partners, this does not bode well for Australian manufacturers and exporters who rely on strong trade links with China to boost their profits.

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As a result, currency pairs that contain the AUD have increased volatility since the start of the trade war To make matters worse for the GBP/AUD pair, volatility in the pound has increased since the Brexit referendum result in 2016. Speculators are waiting to see if volatility in the pair will ease after October 31 – the official deadline for departures from the UK. The EU will be final

USD/ZAR fixed the US dollar against the South African rand Volatility in this pair is heavily influenced by the price of gold This is because gold is one of South Africa’s biggest exports and gold is denominated in US dollars on the world market – meaning the price of gold is strongly linked to the strength or weakness of the dollar.

Consequently, if the price of gold is increasing, the value of the dollar will also increase against the ZAR This is good for South African exporters because it means they will get more US dollars for gold on world markets.

However, it will also be more expensive to buy US dollars with South African rand For this reason, traders who are interested in the USD/ZAR pair should conduct adequate analysis of the gold price and factors influencing its price before opening positions.

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South Korea’s winning USD/KRW pair is the US dollar South Korea was formed in its current form after World War II, which split the Korean peninsula into two separate parts.

After separation, South America and North were joined by Russia. As a result, the economic divide between capitalism and communalism became apparent and can still be seen in the subcontinent today.

With that said, it is currently trading at about 1000 to one against the US dollar Due to this increased exchange rate, price movements are common in the USD/KRW pair, and many traders look to this way to make quick profits.

The USD/BRL pair is the US dollar against the Brazilian real The pair enjoys frequent price movements, creating opportunities for traders who focus on day trading or even scalping.

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As an emerging market, Brazil is an exciting economy for those looking to capitalize on the South American country’s future development. However, politics in Brazil has been unstable at times, with corruption dominating the past decade.

This was exacerbated by the election of Jair Bolsonaro to the presidency in January 2019. On January 2, 2019, the day after Bolsonaro was sworn in as president, the real depreciated by 2.63% against the dollar, followed by 1.08. % the next day and 1.07% the day after that These drops are circled in the graph above

In addition, an economic slowdown followed a two-year recession that began in 2015 and saw the economy shrink by 7%. Bolsonaro himself has said he knows little about the economy, and so volatility is likely to remain in the mix during his premiership.

USD/TRY covers the US dollar and Turkey

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