Hello, anyone could explain how EUR and GBP correlated; as well as USD and JPY?
EUR follows GBP or GBP follows EUR?
USD follows JPY or JPY follows USD?
EUR follows GBP or GBP follows EUR?
USD follows JPY or JPY follows USD?
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
Why are EUR/JPY and GBP/USD Correlated 2 replies
Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies
DislikedThe correlation isn't constant.
If you don't have any idea, you need to start with the big picture ... like what a country exports.
Australia exports energy {coal, etc} and China buys that ... soo Aussie is a 'commodity country', if the Chinese economy shrinks, that means a lower demand for energy, so less exports from Australia to China, which in turn makes Aussie less money which would lower the value of their worth / currency ... theoretically speaking of course ..
This is a question that you just have to put time into research and paying...Ignored
Dislikedi use this tool, which calculates correlations between currency pairs:
http://www.mataf.net/en/tools/01-01-correlation
i would say USD and JPY are both safe haven currencies, so if the risk appetite lowers they rise and the EUR fallsIgnored
DislikedI believe USD, JPY and CHF are called "safe haven" currencies, which means anytime something happens that is hurting the world's economy overall (e.g. natural disasters, terrorist attacks, uprisings, riots), they rise because investors are trying to look for safe currencies.
This is why the Japanese Yen got so strong despite the earthquake (it rose so much their central bank had to intervene).
I also think that the Dollar is losing it's safe haven value as the US economy is so bad nowadays (e.g. huge national debt, high unemployment rate,...Ignored
DislikedHello, anyone could explain how EUR and GBP correlated; as well as USD and JPY?
EUR follows GBP or GBP follows EUR?
USD follows JPY or JPY follows USD?Ignored
DislikedHello, anyone could explain how EUR and GBP correlated; as well as USD and JPY?
EUR follows GBP or GBP follows EUR?
USD follows JPY or JPY follows USD?Ignored
DislikedHello Adamx, thanks for your reply, could you please explain how you use http://www.mataf.net/en/tools/01-01-correlation ? Could you give some examples?Ignored
Disliked...
This is why the Japanese Yen got so strong despite the earthquake (it rose so much their central bank had to intervene).
...Ignored