i spoke a little bit earlier about correlations and you can never trade a correlation IMO, but you do need to be aware of them and what else is going on, all week the NYSE has been limping higher except for one day this week, this is a big reason that the USD is selling off. Central bank giving accomodative signals to the share markets means higher share prices and weaker USD. Its also the start of earnings season and the market has been going higher and pricing in a bad result sell off.
For the first time this week it looks like the NYSE is going to have a sell off today and USD immediately starts to strengthen and reach intraday levels right near the NYSE open, coincidence maybe it is, but it does remind you that all markets to a degree are linked. As the money that travels through them normally all comes from the same sources.
Just something to be aware of that outside influences can and will have impacts on your business.
Simon
For the first time this week it looks like the NYSE is going to have a sell off today and USD immediately starts to strengthen and reach intraday levels right near the NYSE open, coincidence maybe it is, but it does remind you that all markets to a degree are linked. As the money that travels through them normally all comes from the same sources.
Just something to be aware of that outside influences can and will have impacts on your business.
Simon
99% of Traders fail, so don't follow the herd