Which pair has the highest correlation with the EURUSD | Forex Factory

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Which pair has the highest correlation with the EURUSD

  • #1
  • First Post: Nov 4, 2011 10:16am Nov 4, 2011 10:16am
Hello

I used to take GbpUsd as a pair that as a similardisplacement as EurUsd, ut they are not always in synch so I opted to stopped using it.

In your opinion, what is the best pairs to follow for comparaison with EurUsd?

Martin

P.S. Excuse my English, hope I'm clear enough
  • #2
  • Nov 5, 2011 2:42am Nov 5, 2011 2:42am
Quoting arjfca
Hello

I used to take GbpUsd as a pair that as a similardisplacement as EurUsd, ut they are not always in synch so I opted to stopped using it.

In your opinion, what is the best pairs to follow for comparaison with EurUsd?

Martin

P.S. Excuse my English, hope I'm clear enough
Pair that have the same direction with EUR/USD is= GBP/USD; AUD/USD; EUR/JPY.

Pair that have the opposite direction with EUR/USD is= USD/CHF.

Best regards,
Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #3
  • Nov 5, 2011 2:58am Nov 5, 2011 2:58am
The most highly correlated cross-pairs are the ones that have a direct peg to either one of the currencies. For example, EURUSD and DKKUSD have a correlation of ~1.

EURUSD and CHFUSD are generally the most highly correlated major currencies. However, if you cross-hedged using the CHF, you would have lost or made a lot of money when the SNB announced their intervention. Now, EURCHF has returned to relative stability again (as the SNB is credible in maintaining the 1.2 boundary).
The nail that sticks out gets hammered back in
  • #4
  • Nov 6, 2011 3:46pm Nov 6, 2011 3:46pm
Quoting arjfca
Hello

I used to take GbpUsd as a pair that as a similardisplacement as EurUsd, ut they are not always in synch so I opted to stopped using it.

In your opinion, what is the best pairs to follow for comparaison with EurUsd?

Martin

P.S. Excuse my English, hope I'm clear enough

Correlations come and go. Worthwhile to see if there is a reason for the lack of recent synchrony.
Stick with your plan, make some tweaks.
  • #5
  • Nov 6, 2011 7:48pm Nov 6, 2011 7:48pm
http://www.forexticket.co.uk/en/tools/01-01-correlation
  • #6
  • Nov 7, 2011 12:21am Nov 7, 2011 12:21am
Quoting Forexcube
http://www.forexticket.co.uk/en/tools/01-01-correlation
Thanks Forexcube,
this is very informative

Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #7
  • Edited 5:14am Nov 7, 2011 12:52am | Edited 5:14am
Quoting Forexcube
http://www.forexticket.co.uk/en/tools/01-01-correlation
Many thanks Forexcube

I see that EurUsd vs AudUsd as a 89% corrolation. Did tried the advance tool, but no graph is displayed

Martin
  • #8
  • Last Post: Nov 8, 2011 7:52pm Nov 8, 2011 7:52pm
Would be interesting to see that table with added stock indexes.
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