Intermarket Analysis in Practice: A Forex Trader's Workbook

Reading about intermarket relationships is instructive, but embedding them into a trading routine requires consistent, repeatable workflows. This workbook turns conceptual knowledge into a daily analytical practice through templates, checklists, and structured case exercises. By the end of this course you will be able to construct a weekly intermarket review checklist, build and interpret a simple currency correlation matrix, map a commodity price trend to a relevant currency pair trade, and prepare a structured trade hypothesis that integrates at least two intermarket signals. What you will learn: - Building a currency correlation matrix from price data and reading it accurately - Tracking commodity prices — crude oil, gold, copper, iron ore — and linking them to currency pairs - Setting up a weekly intermarket review using a standardised checklist template - Identifying bond yield spreads between two countries and inferring rate-differential bias - Interpreting CFTC Commitment of Traders (COT) data for major currency futures positions - Recognising risk-on vs. risk-off shifts in real-time using equity index and VIX data - Writing a structured trade hypothesis that cites intermarket confluence - Reviewing past trade hypotheses against outcomes to refine your intermarket reading Each module is built around a template or checklist that you complete using data from a worked example, then replicate with a different time period or currency pair as a practice exercise. Annotated case studies walk through the intermarket context preceding significant forex moves, showing how an analyst's workflow would have flagged the setup in advance. This course is designed for forex traders — from intermediate learners to experienced practitioners — who want to systematise intermarket analysis as part of their regular routine. Basic familiarity with forex pair notation and chart reading is assumed. This content is purely educational and informational; it does not constitute financial advice or a recommendation to enter any specific trade.