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postman
Of course the ftse's going down though. B@stards!
You not allowed to point that out. Juss sayin'
Might have something to do with the £ strength, juss sayin'
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postman
Sure you can find a chart somewhere from a time in the middle of the night on an odd day when you stood on one leg to disprove that.
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postman
OK so lets get this straight.
The dax is going UP because the Euro is weak against the dollar.
Therefore the dollar is strong against the Euro so the Dow is going down. Err hang on a minute there's the flaw in your cunning plan!
counter_violent
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No, the EUR is weak against everythin.
Pound is strong against everythin.
And to top it off...everythin is mixed against JPY.
Juss sayin
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postman
Juss sayin
Its just you and me at the top of the s&p tree by a country mile.
The problem I see is if the s&p makes the 50 point gain (which isnt far off now) I think it will fall off afterwards handing victory to other lesser traders. :whistling
Swisstrader9
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After posting a two, three videos about how to trade the FTSE (or DAX) market opening it looked like I am advertising this stuff. But thats not so - its more about showing another, additional way of a proper break-strategy. So if you are interested, look out for the SwissBox strategy. Its worth a try
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postman
I'm watching the Euro rise since 2 o'clock. :innocent:
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postman
http://www.investopedia.com/ask/answers/06/usdollarcorrelation.asp
If we compare the US Dollar Index (USDX), an index that tracks the value of the U.S. dollar against six other major currencies, and the value of the Dow Jones Industrial Average (DJIA), Nasdaq and S&P 500 over a 20-year period, the correlation coefficient calculated for the USDX versus the DJIA, Nasdaq and S&P 500, is 0.35, 0.39 and 0.38, respectively. Note that all of the coefficients are positive, which means that as the value of the U.S. dollar increases, so do the stock indexes, but only by a certain amount.
Where do you guys get your information from?
If we compare the US Dollar Index (USDX), an index that tracks the value of the U.S. dollar against six other major currencies, and the value of the Dow Jones Industrial Average (DJIA), Nasdaq and S&P 500 over a 20-year period, the correlation coefficient calculated for the USDX versus the DJIA, Nasdaq and S&P 500, is 0.35, 0.39 and 0.38, respectively. Note that all of the coefficients are positive, which means that as the value of the U.S. dollar increases, so do the stock indexes, but only by a certain amount.
Where do you guys get your information from?
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postman
counter_violent
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Me and my coder buddy have our own bespoke platform. :smart:
Takes in feeds from dozens of crosses, indices and commods. Number crunches them all.
Everything normalised on % scale for every currency, currency cross, indices etc etc. This gives us the ability to pre-define groupings of relevant instruments and trade accordingly.
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piphoe
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I like your style!
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postman
https://www.dailyfx.com/forex/funda...gatively_Correlated_to_European_Equities.html
EUROPEAN SESSION UPDATE: An explanation is needed to show why the correlation between the DAX equity index and EUR/USD has fallen from slightly positive to -0.81
The incongruence between the direction of European equities and the Euro seems to be a phenomenon gaining momentum over the past few weeks. While the correlation between EUR/USD and the German DAX equity index was 0.16 for the past year, that correlation has dramatically fallen to -.73 for the past month and -.81 for the past week.
So hang on, this realtionship between currency and index CHANGES !?*
So what is it today, or what will it be tomorrow, in other words, what use is it if it even exists.
EUROPEAN SESSION UPDATE: An explanation is needed to show why the correlation between the DAX equity index and EUR/USD has fallen from slightly positive to -0.81
The incongruence between the direction of European equities and the Euro seems to be a phenomenon gaining momentum over the past few weeks. While the correlation between EUR/USD and the German DAX equity index was 0.16 for the past year, that correlation has dramatically fallen to -.73 for the past month and -.81 for the past week.
So hang on, this realtionship between currency and index CHANGES !?*
So what is it today, or what will it be tomorrow, in other words, what use is it if it even exists.
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postman
counter_violent
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That's right, relationships hold most of the time, but not always. Just so happens we are in one of those adjustment periods. That's why traders need the correct tools.
Single instrument monkeys and pattern traders are basically doomed...they don't have the first idea what's going on. They might as well buy a lottery ticket !
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postman
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postman
I think they are just going to push it up there to p1ss me off before dropping, who knows.
