Intro to Investing 101
There is an inverse correlation between $Gold Futures(JUN4)(GCmain.US$ and the $USD(USDindex.FX$. On some days or weeks the correlation is not as apparent as other times. But if you follow gold and the dollar then this correlation would be obvious.
The fact that it is traded as a currency pair on forex markets makes this inverse correlation a strong pattern that rarely changes.
This chart will make it obvious. The chart below shows the tickers $Powershares Exchange Traded Fd Tst Db Us Dollar Index Bullish Fund Etf(UUP.US$ and $SPDR Gold ETF(GLD.US$ in the same chart.
Currency markets just opened up and, wouldn't you know it, gold is down and the dollar is up.
The data is out there all over the place. Even google will tell you.
Please if I can have a few more seconds of your time then indulge my curiosity in the comments section by answering these simple questions. How long have you been investing? Did you know about this inverse correlation between gold and the dollar? If so, then how long have you known this? Leave your anser in the comments section.
$SPDR Dow Jones Industrial Average Trust(DIA.US$ $Invesco QQQ Trust(QQQ.US$ $SPDR S&P 500 ETF(SPY.US$ $iShares Russell 2000 ETF(IWM.US$ $VIX Index Futures(MAY4)(VXmain.US$ $Gold Futures(JUN4)(GCmain.US$ $Powershares Exchange Traded Fd Tst Db Us Dollar Index Bullish Fund Etf(UUP.US$ $SPDR Gold ETF(GLD.US$ $iShares Silver Trust(SLV.US$ $Ishares Iboxx $ High Yield Corporate Bond Etf(HYG.US$ $Ishares Iboxx $ Investment Grade Corporate Bond Etf(LQD.US$ $iShares 20+ Year Treasury Bond ETF(TLT.US$ $Crude Oil Futures(JUN4)(CLmain.US$
$TENCENT(00700.HK$ $SSE Composite Index(000001.SH$ $CSI 300 Index(000300.SH$ $CSI 300 Index(000300.SH$ $FTSE Singapore Straits Time Index(.STI.SG$ $NIO-SW(09866.HK$ $NIO Inc. USD OV(NIO.SG$ $NIO Inc(NIO.US$ $BILIBILI-W(09626.HK$ $Bilibili(BILI.US$ $Baidu(BIDU.US$ $BIDU-SW(09888.HK$ $XPeng(XPEV.US$ $Li Auto(LI.US$ $BYD COMPANY(01211.HK$ $BYD Company Limited(002594.SZ$ $S&P/ASX 200(.XJO.AU$ $FTSE Singapore Straits Time Index(.STI.SG$
$Apple(AAPL.US$ $Tesla(TSLA.US$ $Microsoft(MSFT.US$ $Amazon(AMZN.US$ $NVIDIA(NVDA.US$ $Meta Platforms(META.US$ $Alphabet-C(GOOG.US$
$Chevron(CVX.US$ $Phillips 66(PSX.US$ $Valero Energy(VLO.US$ $Devon Energy(DVN.US$ $Occidental Petroleum(OXY.US$ $W&T Offshore(WTI.US$ $United States Oil Fund LP(USO.US$ $United Sts Brent Oil Fd Lp Unit(BNO.US$ $Imperial Petroleum(IMPP.US$ $Houston American Energy(HUSA.US$ $Indonesia Energy(INDO.US$ $BP PLC(BP.US$ $Exxon Mobil(XOM.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Trade the trends via technical, fundamental, and macro analysis. Day Trades, swing trades, and long-term investments.
16KFollowers
2945Following
28KVisitors
Follow
solo invest : I've been investing for about 5 years. I learned about this inverse correlation a couple years after I started investing. I wish I would have known this on day one. It's good to point this out to the new investors
SpyderCallOP solo invest: i wish i knew this on day one as well
Skyyd solo invest: Why is this important?
SpyderCallOP Skyyd: well for example if you wanted to go long on gold then you would want to at least wait until this dollar rally is over.
MonkeyGee : Yes, I know the inverse collation of Trump vs Biden stock market!
SpyderCallOP MonkeyGee: lol. big difference between the two markets for sure
SpyderCallOP Skyyd: have you noticed how the dollar has been dropping the past couple weeks and gold has been ripping. This is very profitable and investable info. It seems like basic knowledge but you could have made a lot of money going long on gold over the past couple weeks.