DislikedIn this thread I hope to find the answers to the following questions:
- Is it true that GBPUSD and EURUSD are 98% correlated? How has the correlation been calculated? For how long this relationship would last?
- How can we relate GBPUSD movements with EURUSD movements? Is ATR a reliable tool?
I'm quite open to any other topic that discusses the relationship between these two pairs. It would be great if you accompany your ideas with links to reliable white papers or news articles.Ignored
at times they move pip for pip and other times they will move in opposite directions.
I have noticed the eur/usd and the aud/usd move in tandem 98% of the time.
be careful on the E/$ and cable though....