Post Tagged with: "Currency Correlation"
NFP Effect Roundup
Non Farm Payrolls were in line with the official expectations – a fall of 651K jobs, but the affects on the forex market were fascinating, and can teach us some things for the next release. Let’s walk through the market alleys and find some precious currency correlations: Official expectations were a drop of 647,000 jobs
Dollar on Break From Recent Behavior
The US dollar took a break from gaining against other currencies. Also the risk factor took a break: US dollar fell when bad American data was published. Also the USD/JPY – Stock market correlation took a break. Let’s see what happened yesterday (Feb 19). The US dollar took a break from the upward trend after
AUD/USD Long – Pick of the week
AUD/USD provides an opportunity for a long position: it’s consolidating around the 0.65 mark, and with the rise in gold prices, it can reach 0.6650 soon, and push towards higher targets afterwards. Let’s look at technicals and fundamentals. AUD/USD Fundamentals The Australian economy is doing much better than other economies in the west. Growth, unemployment
Dollar Yen Currency Correlation
In the fast few weeks, the forex market has seen a correlation between the US dollar and the Japanese Yen. Whenever the dollar becomes stronger, the Yen beats everybody else, including the dollar. And vice versa. Whenever the dollar weakens, like today, the Yen weakens even more. Today, despite good data from the US, the
Dollar-Pound Strange Correlation
There is a strange correlation between the US dollar and the British Pound. The pound goes further than the dollar, whichever direction the dollar takes. Whenever the dollar rises – the pound rises as well – and also against the dollar. And whenever the USD weakens, GBP weakens even more. Today, Januray 5th has been