Disliked{quote} I used to day-trade the S&P500 e-mini (the most liquid futures contract in the world) with a modified opening range breakout system. {quote} There are of course a few interesting correlations between certain commodities and currencies: The CAD is highly correlated to the price of oil. And the Aussie to gold. For example when the price of crude oil goes down, the Canadian dollar (versus USD and other currencies) usually takes a beating.Ignored
it is in fact a competing currency. It seems reasonable enough.
Anyways, Recently i have been intently eyeing NOK as a closest proxy of oil. Closer then CAD.
It does have anti-oil bouts periodically but seems veeery oil-following. Oil is Relatively predictable RECENTLY - sooo NOK is a non-holy, yet "grail"
for a time ..., or is it ?
How often did you have a look at NOK recently ? And at gold ?
Siddhartha G