eur/nzd correlation | Forex Factory

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eur/nzd correlation

  • #1
  • First Post: Jan 28, 2010 10:14am Jan 28, 2010 10:14am
I see eur/nzd is correlated with nzd/usd and it is not at all correlated to eur/usd?

Can someone who trades eur/nzd help me by telling am i right?
  • #2
  • Jan 29, 2010 2:18am Jan 29, 2010 2:18am
Quoting kingfisher
I see eur/nzd is correlated with nzd/usd and it is not at all correlated to eur/usd?

Can someone who trades eur/nzd help me by telling am i right?
EUR/NZD is strongly inversely correlated with NZD/USD, while the correlation with EUR/USD exists, but is quite weak. The reason can be in NZD, which may be more volatile than USD or EUR and thus induces more correlation on the pairs with it.
  • #3
  • Jan 29, 2010 1:42pm Jan 29, 2010 1:42pm
Quote
EUR/NZD is strongly inversely correlated with NZD/USD, while the correlation with EUR/USD exists, but is quite weak. The reason can be in NZD, which may be more volatile than USD or EUR and thus induces more correlation on the pairs with it.

Yes buddy..you are right. EUR/NZD is strongly inversely correlated with NZD/USD.
  • #4
  • Jan 30, 2010 7:55am Jan 30, 2010 7:55am
To which pair you think GBP/JPY, GBP/CHF, GBP/AUD are corelated?
  • #5
  • Last Post: Jan 30, 2010 3:40pm Jan 30, 2010 3:40pm
This might help

http://www.mataf.net/en/tools/correlation
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