How to Use Forex Correlation

Daily Forex Correlation Table – January 28, 2014



Typically a correlation of -/+ 70 is significant and noteworthy, while -/+ 80 is a strong correlation (or strong inverse correlation if negative). Correlations do not measure magnitude.For example, the USDJPY and GBPJPY have a +98.7 correlation based on the chart below. They usually move in a similar direction,but that does not mean they move the same amount. Based on volatility da…
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