This episode breaks down one of the most important but misunderstood truths in global finance: no market moves on its own. In Part 2 of our 100-episode Macro Fundamentals series, we show beginners how currencies, commodities, bonds, and equities are all interconnected—and how understanding those links gives you a real trading edge.
Listeners are taken inside three real-world case studies that reveal how iron ore drives the Australian dollar, how bond yields shape EUR/USD, and why global risk sentiment controls pairs like NZD/JPY. If you’ve ever wondered why your “perfect chart setup” failed, this episode explains the hidden forces behind every price move.
🌍 What You’ll Learn in This Episode
✔ Why no asset class exists in a vacuum
✔ How to avoid the “single-chart blind spot” that traps new traders
✔ The FX–commodity connection: why AUD tracks iron ore
✔ The bond market’s influence on major currency pairs
✔ How risk-on/risk-off sentiment drives cross-currency flows
✔ The simple habit that instantly improves trade conviction
✔ How to identify when outside forces are quietly invalidating your setup
✔ Why intermarket awareness is the closest thing traders have to an edge
🔎 Key Concepts Covered
1️⃣ FX & Commodities — The Aussie Dollar and Iron Ore
We break down why Australia’s “terms of trade” make iron ore the country’s financial engine—and why AUD trades rise or fall with this commodity. Learn how checking one chart can stop you from buying AUD right into a fundamental headwind.
2️⃣ FX & Bonds — EUR/USD and Yield Spreads
You’ll learn how the U.S.–Germany 10-year yield spread acts as a compass for EUR/USD. When U.S. yields rise faster than German Bund yields, dollar demand surges—and technical setups on EUR/USD can fail unless you factor this in.
3️⃣ FX & Equities — NZD/JPY and Global Confidence
We show how NZD/JPY is effectively a risk sentiment meter. A clean moving average bounce can fail instantly if the S&P 500 tanks. You’re not trading New Zealand vs Japan—you’re trading global confidence.
💡 Why This Matters
Most beginners lose trades not because their chart was wrong, but because the context was missing.
Intermarket links reveal the why behind every move—and give you stronger timing, clearer conviction, and fewer false starts.
This episode shows you how to think like a macro-aware trader using only one extra check per trade.
📈 Ideal For
Beginner traders
FX learners
Macro students
Anyone wanting to understand why markets move
Traders frustrated with “perfect setups” failing
If this deep dive helped expand your macro toolkit, subscribe and follow for the next chapter in our 100-part fundamentals series.