3) Intermarket Analysis
NZDUSD (Gold Commodity Currency, NZD is one of the largest producer of Gold in the world)
DXY (To measure the strength of USD against 6 baskets of currencies, AUD, NZD, CAD, JPY, GBP, SEK, CHF)
Fundamental, Fed conducting slow hikes interest rate temporarily, so USD akan weaken sementara. 2023 Fed akan naikkan Interest Rate dengan lebih aggressive.
NZDUSD - Correlate very similarly dengan GOLD. So USD weaken, NZD pacat. NZD pacat, Gold pacat sebab apa? Sbb NZD producer terbesar for Gold
DXY - USD weaken, so investors masuk ke dalam safe-haven assets (Gold). Move inversely with Gold.