trading course Click  here to gain access to a free trading course  from INO - Market Club.
Forex Currency Correlations April 13th 2012

Forex Currency Correlations April 13th 2012

Forex – Exchange Rate Correlations

 Forex Currency Correlations April 13th 2012 The Forex currency correlation charts below show exchange rate correlations between the specified FX currencies.
Any of the highly correlated readings (over the 75 level) are moving in the same direction while the opposite is true for negative (-75 level) values which are typically moving in the opposite direction.  Low readings have minimal correlation over the specified time period.

  • EURUSD and USDCHF are at 96% over a 30 day period average as the SNB cap holds these currencies (EURCHF) tightly in sync with each other.
  • From the information below we can see that the commodity currencies have been strongly correlated over the 30 week period with AUD/USD & USD/CAD @ –91.1%. 
  • Taking this analysis further.  The AUD had decoupled from Gold somewhat with a 48.7% reading over 30 weeks but the previous 30 day correlation coefficient shows a reading of 72%.

Gold – AUD/USD Correlation

gold aud correlation 2012 thumb Forex Currency Correlations April 13th 2012

30 Day Forex Correlations

30 day currency correlation charts  thumb Forex Currency Correlations April 13th 2012

30 Week Forex Correlations

30 week currency correlation charts  thumb Forex Currency Correlations April 13th 2012

 

Leave a Reply