wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
-
Three Shifting Correlations in the FX Market
There are three correlations involving the foreign currencies we bring to your attention: the decline in the euro's correlation with the S&P 500; the increased correlation between the euro and sterling; and the increased correlation between the Swiss franc and Japanese yen. Before turning to the analysis, a brief reminder of our methodology. Investors are most interested in the correlation of returns rather than levels, and to capture this, we run the correlations on the basis of the percentage change. Euro and S&P 500: On a rolling 60-day basis, the correlation between the euro and the S&P 500 is at its lowest level ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Aug 5, 2013 2:11pm Aug 5, 2013 2:11pm
- pemully
- Joined Aug 2011 | Status: riding the lightning | 74 Comments
- Comment #2
- Quote
- Aug 5, 2013 3:13pm Aug 5, 2013 3:13pm
- spekitox
- | Joined Sep 2008 | Status: Lucky Man | 715 Comments
forget about tomorrow, just steal away into the night