EUR/USD and S&P 500 is showing some correlation. This is likely due to the current economic climate. We explore how this provides insight for forex trading.
Forex Forecasts
110 posts
Risk appetite remains as Chinese equities rally. This may not last as potholes are appearing which may increase risk aversion.
EUR/USD and Gold is now generally not correlated but yet there are opportunities for useful insights on the undertones of the market for our forex trading.
Military tensions between a number of countries likely added to the existing risk aversion in the financial markets. Gold continues to climb.
Reversal of risk seeking sentiment results in US dollar strength as apprehension increases. Market correlations suggest risk aversion across various assets.
Risk seeking sentiment is high as a combination of supportive measures and economic restarts spark optimism. The US dollar weakens against most currencies.