Top Fiat Currencies vs. Gold in 2021: "The Last Shall Be First"

It is time for a traditional yearly post to find out which fiat could beat the conventional store of value this year; all failed last year.

Seven currencies represent the fiat money: U.S. dollar (USD) and six components of the U.S. Dollar Index (DXY) placed by weight: Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Canadian Dollar (CAD), Swedish Krona (SEK) and the Swiss Franc (CHF).

Let us see below how you predicted the future back at the end of December 2020.


Most of you picked Bitcoin, aka 'digital gold,' to win the race. You were right again; Bitcoin gained more than 80% against the gold this time. I will build a separate leaderboard for cryptos in coming posts as the main coin has its universe with a pack of newbies trying to claim the throne, so stay tuned.

The regular favorite, the U.S. dollar, was the second choice this year. The third bet was not obvious to me as the Swiss franc usually has been lost in the shadows somewhere between regular champions and exotic bets. Continue reading "Top Fiat Currencies vs. Gold in 2021: "The Last Shall Be First""

Top Currencies VS. Gold In 2020: This "Rookie" Rocks!

The time has come to see if any top currency could rival gold, which established the new all-time-high this year in this traditional yearly post.

Seven currencies represent the fiat money: U.S. dollar (USD) and six components of the U.S. dollar index (DXY) placed by weight: Euro (EUR), Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Swedish krona (SEK) and the Swiss franc (CHF). Bitcoin (BITSTAMPUSD) is also here to represent the hyped crypto-world.

Before we jump to the results of 2020, let us see below how you predicted the future back at the end of December 2019.


The majority of you bet that the "rookie" Bitcoin would beat all others, including the regular favorite U.S. dollar in 2020. The latter was the second choice a year ago. The third pick was interesting as it was the British pound, which was not in the shortlist of your bets before, but it managed to rank #3 last year.

Let us look at the diagram below to find out the results. Continue reading "Top Currencies VS. Gold In 2020: This "Rookie" Rocks!"

EUR/USD Update: Another Chance For Rally

Aibek Burabayev - Contributor - Metals - EUR/USD

Last month I shared with you a trade setup for a single currency against the Fiat King. There were two charts posted: one was showing the global map and the other one was dedicated to the short-term trade setup.

You could have booked around 1.9% or more than 200 pips by the end of the March of my earlier trade idea, where I recommended buying the euro on the dips below 1.23. The ultimate target was set according to the Fibonacci ratio projections between the $1.2647 and the $1.3139 per 1 Euro. The risk was limited below the $1.2150, and it was not materialized since then.

Indeed, the Euro dipped below $1.23 down to the $1.2240 area as planned. But on the move to the upside, it only advanced as high as $1.2477 on the 27th of March still gaining more than you could have risked. The EUR/USD couldn’t overcome the earlier top beyond $1.2556, and it retreated after that.

In this post, I updated the EUR/USD chart for you as the short-term chart structure has changed and it offers another trading opportunity. Continue reading "EUR/USD Update: Another Chance For Rally"

Don't Miss Another EUR/USD Rally

Aibek Burabayev - Contributor - Metals - EUR/USD

I spotted a promising trading opportunity in the Foreign Exchange market, and I would like to share it with you today as the setup is ready.

Before that, I would like to give you some insight about the global map for the pair of the single currency against the king currency (EUR/USD) to let you know where other opportunities could emerge as time goes by.

Chart 1. EUR/USD Monthly: Make It Or Break It

Chart courtesy of

On the chart above, we can see the magic power of trends highlighted in blue for the upmove and in red for the current long-lasting correction. The former already took 115 months to unfold exceeding the period of the preceding upmove (93 months) significantly. This is what we always should bear in mind about the nature of corrections – they last longer than the moves they retrace. Continue reading "Don't Miss Another EUR/USD Rally"

The Dollar Takes 'EM Down

Aibek Burabayev - Contributor - Metals

Dear readers, I am very grateful to get all your feedback and suggestions that you kindly share with me all the time! Rasesh Shukla, one of our regular readers asked about the Emerging market currencies and particularly about Indian rupee in a comment this month. And I am pleased to share my thoughts with all of you in this post.

Chart 1. 5-Year Dynamics of Top FX vs. EM FX

5-Year Dynamics of Top FX vs. EM FX
Chart courtesy of

I want to start with the comparison chart of the top currencies presented by inverse dollar index, consisting of 6 currencies: Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc (orange line) versus the emerging market currencies presented by WisdomTree Emerging Currency Strategy Fund (CEW, green line). The former is quite representative, it tracks the value of the following 15 currencies: Mexican Peso, Brazilian Real, Chilean Peso, Colombian Peso, South African Rand, Polish Zloty, Russian Ruble, Turkish New Lira, Chinese Yuan, South Korean Won, Indonesian Rupiah, Indian Rupee, Malaysian Ringgit, Philippine Peso and Thai Baht. Continue reading "The Dollar Takes 'EM Down"