TipTVFinance

Cable & FTSE100 - Switch from inverse to direct correlation

OANDA:UK100GBP   UK 100


The above chart clearly shows the ongoing switch from inverse relationship between GBP/USD             and FTSE100 to a direct one. This is indicated by blue lines drawn on GBP/USD             (candles) and FTSE             (bars).

The switch states that at least in the short-run ...markets will read further slide in cable as a sign of instability!

Cable strength won't help FTSE            

The fact that GBP sell-off is no longer helping FTSE             does not mean that a recovery in Cable would result in FTSE             rally.
Moreover, recovery in GBP could take the wind out of the FTSE             bulls, however, further sell-off in Cable in the short-run would signal instability as stated earlier and hence is unlikely to support FTSE            
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 Account and Billing Sign Out