I think he was trying to say
The overall forex market generally trends more than the overall stock market. Why? The equity market, which is really a market of many individual stocks, is governed by the micro-dynamics of particular companies. The forex market, on the other hand, is driven by macroeconomic trends that can sometimes take years to play out.
These trends best manifest themselves through the major pairs and the commodity block currencies.
The Major Currency Pairs
There are only four major currency pairs in forex, which makes it quite easy to follow the market. They are:
- EUR/USD - euro / U.S. dollar
- USD/JPY - U.S. dollar / Japanese yen
- GBP/USD - British pound / U.S. dollar
- USD/CHF - U.S. dollar / Swiss franc