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Learn how other asset classes like stocks, bonds and commodities can affect the foreign exchange market.

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  1. The U.S. Dollar Index

    If U.S. stocks have an index, so does the U.S. dollar! Read up on the dollar index and learn how you can use it in your trading!

    1. The Global Role of the U.S. Dollar

      Learn the key aspects of the dollar’s global role and explore the factors that contribute to its enduring appeal.

    2. What is the US Dollar Index (USDX)?

      The dollar index is made up of six foreign currencies and includes 24 countries.

    3. How to Read the US Dollar Index

      Be as awesome as Queen Cleopiptra and learn how to read the U.S. dollar index!

    4. How to Use the USDX for Forex Trading

      Whenever you feel doubtful of the market outlook for the U.S. dollar, look no further than the U.S. dollar index because it will provide a clearer picture!

    5. Trade Weighted Dollar Index

      The Fed wanted to measure the dollar’s value more accurately so they came up with the Trade-weighted dollar index. How is it different from the U.S. dollar index?

    6. Bloomberg Dollar Spot Index

      The Bloomberg Dollar Spot Index (BBDXY) tracks the performance of a basket of 10 global currencies against the U.S. dollar.

    7. The Dollar Smile Theory

      Have you ever wondered why the dollar rallies in the good times and in the bad? Smile! You’re about to find out why.

  2. Intermarket Correlations

    Just because you're a piptastic forex trader, that doesn't mean you should only keep tabs on the currency market. Learn how the commodities, bonds, and equities markets affect forex!

    1. What Makes Gold’s Price Move?

      Discover what drives gold prices with our guide to short and long-term market factors.

    2. How Gold Affects AUD/USD and USD/CHF

      Some currencies share a positive relationship with gold; the dollar usually doesn’t. Why is this?

    3. How Oil Moves with USD/CAD

      Get the lowdown on why investors “Go Loonie” when oil prices shoot up!

    4. The U.S. Dollar And Oil Relationship Is Changing

      The U.S. dollar has historically been inversely correlated to movements in the oil price, but this relationship is now changing.

    5. How Bond Yields Affect Currency Movements

      What do you call “IOU” statements that countries issue when they need to borrow money? They’re bonds… government bonds.

    6. How Bond Spreads Between Two Countries Affect Their Exchange Rate

      Did you know that you can also pull off carry trades on bonds?

    7. How Fixed Income Securities Affect Currency Movements

      What are Euribors and gilts? (Clue: They are not fancy medieval weapons.)

  3. Using Equities to Trade FX

    Equities are like crystal balls - they can help you predict the future of currencies.

    1. Forex and Global Equity Markets

      Learn all about the Dow, S&P500, NASDAQ, and other major global equity indices!

    2. The Relationship Between Stocks and Forex

      Does the equity market lead the currency market or is it the other way around?

    3. How the Stock Market Affects the Forex Market

      Just like many people on your friends list, the relationship status of USD/JPY to the Dow and Nikkei can be complicated. But only a little bit.

    4. How to Use EUR/JPY as a Leading Indicator for Stocks

      EUR/JPY tends to rise when confidence in the global economy is up and falls when confidence is down. Don’t believe us? Check out these spankin’ charts!

    5. Intermarket Analysis Cheat Sheet

      Everything you need to know about intermarket correlations in this neat cheat sheet!

  4. Country Profiles

    Get ready to go around the world… (hopefully) in less than 80 days! Learn about the economies of the 8 major currencies!

    1. The Forex Trader’s Guide to Major Economies

      More important than the geeky facts and figures, you’ll learn about trading tactics–along with a few bits of cool trivia that you can use on awkward dates.

    2. United States of America

      Ever wonder why the dollar is called the “buck?” Wonder no more!

    3. Eurozone

      Quick! Can you name the countries that make up the Euroland? Clue: There are 20 of them.

    4. United Kingdom

      The U.K. has the bragging right in having the oldest central bank in the world. Word.

    5. Japan

      Japan made it up the list of the most advanced economies because of its massive exports. Can you imagine a world without karaoke, the Gameboy, or the Prius? That’s right, we didn’t think so.

    6. Canada

      Unlike other central banks, the Bank of Canada doesn’t have a set schedule to make changes on its policies. Canadian central bankers can alter monetary policy whenever they want. Like a boss!

    7. Australia

      If you’re scratching your head for a good currency to use on a carry trade, look no further than the Aussie!

    8. New Zealand

      New Zealand’s economy may be small, but it’s a big playa in international trade! Get to know more about the pocket rocket of the bunch!

    9. Switzerland

      Swiss watches are popular for a reason. Trivia question: Did you know that watches contribute a huge chunk to Switzerland’s GDP?

    10. China

      From sports, to space travel, to economic might, China is slowly crawling its way up the leader boards!

  5. Beginner's Guide to Global Liquidity

    Markets are driven by liquidity flows more than fundamentals in the short to medium term. You can track these flows using free, publicly available data. This course teaches you to observe what's happening with liquidity and position accordingly.

    1. Reading the Market’s Plumbing: A Beginner’s Guide to Global Liquidity Analysis

      Discover how liquidity drives all asset prices. Learn to monitor 5 global liquidity indicators that reveal when to be aggressive or defensive.

    2. Understanding Overnight Lending Stress: SOFR vs IORB

      Learn to read the SOFR vs IORB spread, your real-time stress detector for dollar funding. Spot market stress days before it becomes a crisis.

    3. The Federal Reserve’s Repo Market Backstop: Standing Repo Facility (SRF)

      Track SRF usage to spot repo market stress in real-time. Learn when banks use the Fed’s emergency window and how to position for intervention.

    4. The Government’s Checking Account: Treasury General Account (TGA)

      Monitor the TGA to track fiscal liquidity flows. Learn when the US government spending adds or drains liquidity from markets and drives asset prices.

    5. When Stocks and Bonds Fall Together: The “Doom Loop Detector”

      Spot Treasury market dysfunction before Fed intervention. Learn to recognize the doom loop pattern and position for massive liquidity injections.

    6. The Dollar Index (DXY): A Key Gauge of Global Liquidity

      Understand the Dollar Index to track global liquidity flows. Learn four critical DXY patterns that signal when to go long or short USD pairs.

    7. Gold and Bitcoin: Your Liquidity Confirmation Signals

      Use gold and bitcoin (BTC) to validate your liquidity analysis. Learn six patterns that confirm whether to be aggressive or defensive with positions.

    8. How Central Bank Balance Sheets Shape Global Liquidity

      Learn what a central bank balance sheet is, how it creates or destroys liquidity, where to find the data for free, and how to use it to make informed trading decisions.

    9. How Central Bank Balance Sheets Changes Impact Forex

      Learn how central bank balance sheets impact currency values. This lesson explains why forex traders must understand balance sheet expansion and contraction to trade currency pairs.

    10. Global M2 Money Supply: The Long-Term Liquidity Indicator

      Learn what M2 actually measures, how to track it for free, and how to use M2 as a leading liquidity indicator for your trading decisions.

    11. Global Liquidity Cheat Sheet

      Your complete liquidity monitoring cheat sheet. Track 5 key indicators in 10 minutes weekly to time market entries and exits like institutions.

Effort only fully releases its reward after a person refuses to quit.Napoleon Hill