The following table includes the correlation between gold and the various times most popular currency pairs. A close value of + 1 indicates a strong positive between gold and the pair relationship, while a close value of-1 indicates a strong negative relationship. Values indicate changes in weekly by more than 30%.
For the previous week gold-Forex correlations.
Weekly comment: with the fear of the spread of Spanish debt markets return and the start of first-quarter results releases of correlations of companies, or major U.S. with the major currencies remained virtually unchanged from the previous week. Despite this, plues term correlations stagnant between precious metals and currency may indicate that a more fundamental change may be on the corner of the street.
After the comment once again relatively moderate, last week Janet Yellen the US Federal Reserve and other, gold is once more taking its market anti-dollar status continue to expect a monetary tightening earlier that later that perceived recovery as very bright. As the two markets are in this larger story more we yields, gold should retain its current risk status. While the New Zealand will be on the economic record of this week, traders will be closely followed by the State of the Spanish debt market, with two sales link planned for this Tuesday and Thursday.
| Gold | USD/CAD | AUD/USD | NZD/USD | EUR/USD | GBP/USD | USD/JPY | USD/CHF |
| 3 Day 15 Min | -0.73 | 0.57 | 0.77 | 0.51 | 0.46 | 0.24 | -0.57 |
| 1 Week 60 Min | -0.29 | 0.64 | 0.65 | 0.51 | 0.50 | -0.47 | -0.53 |
| 2 Week 60 Min | -0.68 | 0.75 | 0.76 | 0.76 | 0.77 | 0.11 | -0.75 |
| 1 Month Daily | -0.17 | 0.54 | 0.52 | 0.62 | 0.51 | 0.07 | -0.61 |
For the previous week gold-Forex correlations.
Weekly comment: with the fear of the spread of Spanish debt markets return and the start of first-quarter results releases of correlations of companies, or major U.S. with the major currencies remained virtually unchanged from the previous week. Despite this, plues term correlations stagnant between precious metals and currency may indicate that a more fundamental change may be on the corner of the street.
After the comment once again relatively moderate, last week Janet Yellen the US Federal Reserve and other, gold is once more taking its market anti-dollar status continue to expect a monetary tightening earlier that later that perceived recovery as very bright. As the two markets are in this larger story more we yields, gold should retain its current risk status. While the New Zealand will be on the economic record of this week, traders will be closely followed by the State of the Spanish debt market, with two sales link planned for this Tuesday and Thursday.
No comments:
Post a Comment