Friday, March 30, 2012

Market/Dollar Correlation

I made a lot of the correlation and the recent trend of the dollar being strong in the a.m. the last 3 days and weak after the EU close, stocks have an inverse relationship, so that partly explains the a.m. sell off and the afternoon rally.

Take a look at this morning thus far.

This is the SPY vs the intraday dollar, while the slide in the dollar here is barely perceptible...

 It's noticeable in the EUR/USD

 The AUD/USD

and the USD/CHF.

Really just about any currency.



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