timwest

SPY _ FXE _ FXA Correlation

BATS:FXE   CURRENCYSHARES EURO TRUST
298 1 0
For what it is worth:

This is the ridiculous nature of markets - sometimes they just don't think for themselves and instead they act like sheep and follow another market, no matter where it goes. In this instance, the stock market here in the USA, together with the EuroCurrency (as measured by the FXE             etf ) and the Australian Dollar             (as measured by the FXA etf ) are moving in tandem with each other for the past few weeks.

This chart is an hourly chart - just click on "make in mine" and you can see it update live.

Cheers.

Tim 2:50PM EST, Thu, May 10, 2012

To help with sorting for ideas, I'll add AUDUSD             , and EURUSD             , and ^GSPC to this commentary
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
timwest PRO
4 years ago
The performance is still virtually identical for these three markets...
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out