In the globalized financial environment, the forex market is closely interconnected with other financial markets like stocks, bonds, and commodities. For example, gold and the U.S. dollar often have an inverse relationship; when the dollar strengthens, gold prices typically decline. Similarly, changes in U.S. bond yields often impact the dollar’s value, as rising yields generally make the dollar more attractive. By analyzing these intermarket relationships, traders can enhance their forex trading decisions, such as taking advantage of potential strength in commodity currencies (e.g., AUD, CAD) when the dollar weakens, achieving a more comprehensive market perspective.