“Risk-Off” Sentiment Is Impacting These Three Major Currencies

Their respective economies export large amounts of commodities. [Jeff Clark's Market Minute]( “Risk-Off” Sentiment Is Impacting These Three Major Currencies By Imre Gams, analyst, Market Minute Last week, I mentioned there are [eight major currencies]( in the forex world. Today I want to go into my trading process and take a look at a recent trade of mine. The first thing I do is group these major currencies into four different categories. This makes it easier to figure out where the best opportunities will be. The first category contains three of those eight majors called “growth currencies,” because they tend to trade closely with other risk assets. They are the: - Australian dollar (Aussie) - New Zealand dollar (Kiwi) - Canadian dollar (Loonie) Recommended Link [Tiny $4 Company to “Steal” Billions From Tesla?]( [image]( [A tiny $4 company]( has developed a new liquid battery that’s sending shockwaves through the energy industry. It’s at the center of a “breakthrough,” says The U.S. Department of Energy, that’s a “totally new approach to battery technology.” Powermag calls it part of the “trillion-dollar holy grail” of battery technology. And Bloomberg says this tech “could eat lithium’s lunch.” That’s because [this liquid battery can store energy up to 94% cheaper]( than the lithium-ion batteries Elon Musk uses in Tesla cars. And yet – unlike Teslas that are known to burst into flames from overheated batteries… This liquid is so safe you could use it to extinguish a burning Tesla. It could be the biggest threat to Elon Musk’s plan to dominate a $130 trillion new energy revolution. And it’s why 5 billionaires are backing the tiny $4 company behind this new battery. [Click here for the full story and a 30-second demo of this new battery tech.]( -- When the market is feeling “risk-on,” investors will flock to things like stocks, cryptocurrencies, high-yield bonds, and the growth currencies. Another reason they’re known as growth currencies is because each of their respective economies export large amounts of commodities. For example, Australia is a significant exporter of industrial metals and gold, particularly to China – its largest trading partner. New Zealand’s major exports include livestock, agricultural products, and metals. And Canada is famous for its large oil reserves and timber industry. You see, businesses and governments need these raw materials to build infrastructure and expand operations. This happens when the world is optimistic on the prospects of continued growth and prosperity. But these days, the world is feeling anything but optimistic. “Risk-off” sentiment has a firm grip on the markets around the world. When the market is feeling risk-off, they’ll look to sell their growth investments and move into safe havens like the U.S. dollar. It’s this sentiment that I was looking to take advantage of when I opened a trade on the Australian dollar on September 15. If you had followed that recommendation, you could’ve made $2,000 in just five days. (If that kind of return interests you, stayed tuned. I’ve got some exciting news coming soon.) Let’s look at a price chart of the Australian dollar/U.S. dollar (AUD/USD) currency pair below to see what I mean… [(Click here to expand image)]( I identified this head and shoulders pattern a week before the last Fed meeting. Regular readers will know the head and shoulders pattern is one of my [favorite technical setups]( with its three key defining features – the left shoulder, the head, and the right shoulder. The pattern is complete once prices break and close below the neckline – as they did in late September. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. The neckline (blue line) is a trendline that connects the bottom points of the left and right shoulders. What typically follows the completion of this pattern is a powerful move that continues below the neckline. And that’s exactly what happened in this case with AUD/USD. I shorted the Australian dollar, anticipating it to move lower. The burst of volatility from the September 21 Fed meeting drove the trade deep into profitable territory. In fact, the overall volatility in forex is proving that it’s one of the most profitable markets to currently be in. [Market Wizard who predicted negative indexes in 2022 shares shocking new forecast]( On Thursday, I’ll cover another one of the major currencies that I love to trade. I’ll go over its unique personality and tendencies before breaking down how to trade it. Happy trading, Imre Gams Analyst, Market Minute Reader Mailbag Are you interested in trading any of these major currencies? If so, what questions do you have about forex? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. In Case You Missed It… [$19 Makes Your Trading Bulletproof? (From The Man Who Has Doubled His Money 12 Times in 2022)]( “My name is Jeff Clark. For the last 38 years I’ve used one of the world’s most controversial trading strategies to profit during any market. Recommending ‘double your money trades’ 10 different times in 2008… 7 times in 2020… And 12 times already in 2022. REGARDLESS of a bull OR bear market… And after managing money for 100 of California’s wealthiest CEOs, athletes, and celebrities… Training over 1,000 people to become licensed stockbrokers – many of them joining mega-firms like Merrill Lynch or Paine Webber. And predicting the 2020 & 2022 crashes weeks in advance… I am now revealing the entire strategy, a 10-second demo, and even sending you the trade alerts EVERY single month… for just $19. No hidden costs, no B.S. Click here before this special offer is taken down.” [Click Here to Get The Details.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. [The Ultimate Guide to Taking Back Your Privacy]( [THE 101 GUIDE TO PRE-IPO INVESTING]( [An Insider's Guide to Making a Fortune from Small Tech Stocks]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-752-0820, Mon–Fri, 9am–7pm ET, or email us [here](mailto:contactus@jeffclarktrader.com). © 2022 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](