This content is entirely independent and unsponorsed.
This content is entirely independent and unsponorsed. Carlo Pruscino is simply someone whose views I find worth paying attention to: with close to four decades of forex trading experience, he brings a depth of market knowledge that is increasingly rare, and the perspectives he shares on currency correlations, cross-market dynamics and trader psychology are genuinely useful regardless of what markets you follow.
Carlo has been trading currencies since before 1990, and the central argument he makes after nearly four decades in the market is deceptively simple: every trader, regardless of what they think they are trading, is fundamentally a forex trader. Gold, oil, silver, cryptocurrencies, all are priced in US dollars. If you are trading any of them, you are taking a view on the dollar whether you know it or not.
That premise shapes everything else Pruscino discusses. Currencies, in his framing, are not merely exchange rates but economic barometers, reflecting the relative health of the nations that issue them. The US dollar occupies a unique position at the centre of that system as the world’s reserve currency, meaning that shifts in central bank reserve allocations, even modest ones, can produce outsized price movements.