Which Currencies Correlate with the US Markets?

Discussion in 'Trading' started by Bullz n Bearz, Aug 14, 2007.

  1. Any in particular that you guys can think of?

    This would be a good way to forecast movements of certain currenies by basing it on the US market's performance.
  2. faure


    Try GBP/JPY
  3. is there a website that gives visual representation on these inverse correlations?
  4. BJL


    if only these movements would not be simultaneous.
  5. Surdo


    Check out the Daily Fx website and open a demo account on Fxcm to watch a few pairs. Kathy Lien's book is also a good intro to Fx. The past few weeks has seen strength in the USD as the equities market has sold off, and is not always the case.


    el surdo
  6. Today the 5 minute GBP/JPY lined up nicely with a 2 minute YM almost "bar for bar" at times. The key pair to watch right now is USD/ JPY... If GBP/JPY is about to spill over and the DOW is down be sure to check USD/JPY. If they are all breaking support the DOW and S&P will lead the way. An uptrend is a bit different, watch for a bigger retracement in the pound and after hours is a different story...