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  • #767,601
  • Edited 3:29pm Mar 5, 2013 3:14pm | Edited 3:29pm
Quoting Ken A
What is the correlation of EUR/JPY and S&P and why it is inversely correlated?
I'm not sure, but I venture a guess

The SP500 and EURJPY are normally (strongly) correlated. This is the case because the USD and JPY are seen as "safe havens" (lol), so if the SP500 drops people pull their money out of the stock market and run to safety (USD or JPY). Consequently, EUR has to drop vs the JPY.

Again, just a guess...

Here are the daily charts for EURJPY and the SP500:
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  • #767,602
  • Mar 5, 2013 3:21pm Mar 5, 2013 3:21pm
Quoting 4exNinja
I'm not sure, but I venture a guess

The SP500 and EURJPY are normally (strongly) correlated. This is the case because the USD and JPY are seen as "safe havens" (lol), so if the SP500 drops people pull their money out of the stock market and run to safety (USD or JPY). Consequently, EUR has to drop vs the JPY.

Again, just a guess...
They are correlated but not inversely correlated. That's the reason I want to find out from the poster. Seems like a copy and paste material from somewhere else - too many of them lately.
  • #767,603
  • Mar 5, 2013 3:27pm Mar 5, 2013 3:27pm
Quoting mercy seat
I'm sure you know the old classic parole ...

A falling wedge in a downtrend is an early warning signal for a breakout attempt to the upside ...





;-|

That's what I wanted to say with that ...






;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #767,604
  • Mar 5, 2013 3:29pm Mar 5, 2013 3:29pm
I would not say EurJpy and S&P are inversly correlated. EurJpy made a pullback on Italian election just like S&P, and just like S&P it is in the uptrend on the daily chart. Most people read it as a dead cat bounce, but since then it made two pushes up with HH-HL, and all bullish signs on 1H and 4H charts
  • #767,605
  • Mar 5, 2013 3:30pm Mar 5, 2013 3:30pm
Quoting Ken A
They are correlated but not inversely correlated. That's the reason I want to find out from the poster. Seems like a copy and paste material from somewhere else - too many of them lately.
Yup, definitely positively correlated

PS: The bullish sentiment for stocks is bullshit...mostly because it doesn't make sense to revise GDP growth forecasts downwards while still claiming stocks aren't going to come down.
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  • #767,606
  • Mar 5, 2013 3:34pm Mar 5, 2013 3:34pm
Quoting BlueGas
what to do, if murkys do both of opposite?
You will need 2 time machines set to 2 different time zones
  • #767,607
  • Mar 5, 2013 3:36pm Mar 5, 2013 3:36pm
Quoting 4exNinja
Yup, definitely positively correlated

PS: The bullish sentiment for stocks is bullshit...mostly because it doesn't make sense to revise GDP growth forecasts downwards while still claiming stocks aren't going to come down.
It's related to what Fed's Yellen said.
  • #767,608
  • Mar 5, 2013 3:37pm Mar 5, 2013 3:37pm
If anybody is in charge of ForexFactory reading this,

I think it would be a very nice edition if we could do a search that allows us to see the number of times somebody has quoted us,
maybe stick it in the section where you have # of posts, threads, stories, etc.

Personally think it would be good to answer any questions that were asked while you were asleep rather then filtering 30 pages
Even the worst trade can close with profit. Just give it time.
  • #767,609
  • Mar 5, 2013 3:45pm Mar 5, 2013 3:45pm
Quoting John Gray
If anybody is in charge of ForexFactory reading this,

I think it would be a very nice edition if we could do a search that allows us to see the number of times somebody has quoted us,
maybe stick it in the section where you have # of posts, threads, stories, etc.

Personally think it would be good to answer any questions that were asked while you were asleep rather then filtering 30 pages
Still holding on those AUD/USD longs? I do but with target open otherwise first target 1.0263 would have been hit.
  • #767,610
  • Mar 5, 2013 3:57pm Mar 5, 2013 3:57pm
Quoting Ken A
Still holding on those AUD/USD longs? I do but with target open otherwise first target 1.0263 would have been hit.
Aussie is my current hero, thought we hit the bottom about 1,0285 area (balanced COT) but we saw further sell off down to 1,0116 imo due to interest rate decision and now we should be on our way up, no cuts, good levels and carrie trade at its best, should be bullish from now for some time.
swing it!
  • #767,611
  • Mar 5, 2013 4:08pm Mar 5, 2013 4:08pm
Orinoco fields will see ExxonMobil again?

http://hosted.ap.org/dynamic/stories...03-05-16-58-10
Not all sins are created equal
  • #767,612
  • Mar 5, 2013 4:09pm Mar 5, 2013 4:09pm
Very small short ENTRY (tactically) @ 1.30510 ...

23h02 CET ...

That's been just after ROLL ...








;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #767,613
  • Mar 5, 2013 4:21pm Mar 5, 2013 4:21pm
E/J Triple top

Best R:R to short tight Stop.

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  • #767,614
  • Mar 5, 2013 4:26pm Mar 5, 2013 4:26pm
Quoting tomspin
Aussie is my current hero, thought we hit the bottom about 1,0285 area (balanced COT) but we saw further sell off down to 1,0116 imo due to interest rate decision and now we should be on our way up, no cuts, good levels and carrie trade at its best, should be bullish from now for some time.
Definitely best pair to long at yearly low range with nice + swap for carry trade. Set and forget without baby sitting. Waiting for HL to add more.
  • #767,615
  • Mar 5, 2013 4:29pm Mar 5, 2013 4:29pm
Quoting Ken A
E/J Triple top

Best R:R to short tight Stop.

Attachment

I'm concerned that that level is about to give out...almost eaten through the supply there. I was short on the previous hit but dumped it with the bullish overall PA I was seeing. Take a look at the series of higher lows.
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  • #767,616
  • Mar 5, 2013 4:35pm Mar 5, 2013 4:35pm
Quoting Kanzler
I'm concerned that that level is about to give out...almost eaten through the supply there. I was short on the previous hit but dumped it with the bullish overall PA I was seeing. Take a look at the series of higher lows.
I was never bearish on E/J since Oct 2012 until two weeks ago they pushed it down -640 pips in one stroke. Still it's the best R:R to short with tight SL and another reason is U/J was capped below 94.00.

This is more or less to long AUD/USD at 1.0116.


Attached Image

  • #767,617
  • Mar 5, 2013 4:36pm Mar 5, 2013 4:36pm
Chavez is dead. What will the impact on the fx market be?

Thoughts?
Not all sins are created equal
  • #767,618
  • Mar 5, 2013 4:43pm Mar 5, 2013 4:43pm
who is Chavez?
Quoting Jay Walker
Chavez is dead. What will the impact on the fx market be?

Thoughts?
  • #767,619
  • Mar 5, 2013 4:47pm Mar 5, 2013 4:47pm
Quoting Qayas
who is Chavez?
Venezuelan dictator?
  • #767,620
  • Mar 5, 2013 4:49pm Mar 5, 2013 4:49pm
Quoting Jay Walker
Chavez is dead. What will the impact on the fx market be?

Thoughts?
Probably will impact investment on South Korea. Beyond that, I can't see anything.
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