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Currency Correlations

nick21 Posted 29 Jan.  in #EUR/JPY #GBP/JPY #USD/JPY #Currency Correlations

Currency Correlations

What is a Forex Correlation?
A correlation is a measure of how much one currency moves with another. Correlations will run between -100 and +100, the former meaning they move in opposite directions to one another, and the latter meaning they move in the same direction.
The number between -100 and +100 shows the strength of the relationship. -100 shows two different pairs always moved inversely to each other over the period being…
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Pasca 30 Jan.

Buna treaba

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How to Use Forex Correlation

nick21 Posted 28 Jan.  in #USD/JPY #Currency Correlations #EUR/JPY GBP/JPY
How to Use Forex Correlation

Daily Forex Correlation Table – January 28, 2014



Typically a correlation of -/+ 70 is significant and noteworthy, while -/+ 80 is a strong correlation (or strong inverse correlation if negative). Correlations do not measure magnitude.For example, the USDJPY and GBPJPY have a +98.7 correlation based on the chart below. They usually move in a similar direction,but that does not mean they move the same amount. Based on volatility da…
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