Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Why are EUR/JPY and GBP/USD Correlated 2 replies

who trades Correlated pairs? 0 replies

correlated pairs 2 replies

Pairs least correlated to GBP/JPY? 1 reply

The correlated arb/hedge-system 21 replies

Why is EU correlated with Oil?

  • Post #1
  • Quote
  • First Post: Aug 21, 2008 5:11pm Aug 21, 2008 5:11pm
1) oil is inversely correlated to the dollar +
2) the euro makes up more than hald of the US Dollar index =

3) the euro and oil move in tandem
I still don't understand. Looking at this weeks oil and EU charts, they are almost identical.
Oil is priced in dollars. The EURUSD is largely driven by the changes in the value of the dollar.

Therefore changes in the USD would result in large changes in the EURUSD and oil. The common correlation is the value of the dollar.
Quoting Rabid
Oil is priced in dollars. The EURUSD is largely driven by the changes in the value of the dollar.

Therefore changes in the USD would result in large changes in the EURUSD and oil. The common correlation is the value of the dollar.
which is ahead - oil or USD / EURUSD?
there was good article in Kathy Lien homepage and seemed that oil
  • Post #6
  • Quote
  • Last Post: Aug 23, 2008 9:03pm Aug 23, 2008 9:03pm
Quote
which is ahead - oil or USD / EURUSD?

Which one lags less (or correlates better?), oil or the euro? Probably oil, supply and demand have been more constant there where as the eurozone has it's own economic issues.
0 traders viewing now