Trading Forex in Baskets to diversify trading risk for both, speculative trading or hedging Forex risk by 
In earlier posts we compared the price of oil in different currencies, but the same of course is true with gold, silver and other commodities.
The impact of foreign exchange rates these days get less effect for a long term investments.
Another way of looking at commodities is their present price level, like below the oil ETF, USO, which represent oil futures.
The hedge indicator at the bottom tells us to keep at least 20 % long after a big and long down direction.
Today there was a very important article out which, I like to share with you:
http://seekingalpha.com/article/120550-oil-despite-decline-a-must-have-profit-play
Very interesting to have some oil, gold, food at present price levels as a long term investment while it’s becoming less imporant if it is in one currency or another.