A group of countries whose currencies tend to move together due to shared economic or trade ties. Concepts like this reveal some of the underlying plumbing of the forex market that isn't visible directly on a retail trading screen.
A group of countries whose currencies tend to move together due to shared economic or trade ties. Concepts like this reveal some of the underlying plumbing of the forex market that isn't visible directly on a retail trading screen.
Understanding blocs helps traders anticipate correlated currency movements. This is the kind of nuance that separates experienced market participants from beginners, since it only becomes practically useful once the basics are second nature.
Scandinavian or commodity-currency blocs often move in tandem. Most traders come across this while reviewing charts, monitoring news feeds, or checking their account dashboard, and being able to spot it quickly is a useful practical skill.
IUX
Exness
Vantage
XM
ICMarkets
LiteFinance
Moneta
Tickmill
South Africa (9)
India (9)
Bangladesh (12)
Germany (9)
Thailand (10)
Philippines (9)
Nigeria (10)
Vietnam (10)
Malaysia (9)
