Active currency traders can answer anything! Everyone's Q&A [Traders Securities Everyone's FX Iguchi Yoshio]
There is no one to ask questions to, and even if you investigate, you don’t understand well… If you have such concerns, leave it to this project. Mr. Iguchi from Treiders Securities will solve your questions!
Profile of Mr. Yoshio Iguchi
Iguchi, Yoshio. Treiders Securities Market Department, Dealing Section. Certified Technical Analyst. Since 1998, he has worked for financial institutions, mainly handling covering dealing operations in commodity markets such as precious metals and petroleum products. From 2009, he has been with Minna no FX, conducting dealing operations focusing on USD/JPY and major European currencies. He is proficient in forex analysis from a fundamental perspective and is also well-regarded for short-term forecasts using technical analysis. Recently, he appeared at Minna no FX’s free online seminars, where his easy-to-understand lectures have been well received. Furthermore, on Twitter, professional dealers share real opinions about the market, so be sure to check it.
Twitter:https://twitter.com/yoshi_igu
Q16. Do commodity markets such as gold and oil relate to FX? (Chiba Prefecture / Men / 40s)
A. Commodity markets, which may seem unconnected, actually have a deep connection with FX. Look for clues to foresee the FX market from the commodity markets.
Gold Prices and FX
Gold is often referred to as a haven in times of crisis or a final safe haven, and people tend to seek gold as a safe asset in the face of war, disasters, or global recessions. In FX, gold can be used in various ways, but in my case I use it as a tool for “risk assessment.”
Specifically, when the gold price is rising, it can be said that there are global recessions or geopolitical risks with an unclear future. The market becomes “risk-off,” and safe currencies such as the yen are bought. On the other hand, when the gold price is falling, it can be thought that the world is in an era of prosperity with investors allocating funds broadly. The market becomes “risk-on,” and the yen, a safe currency, is sold.
